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-Bybit reaches 30 million registered users, marking explosive growth and industry leadership in Web3

DUBAI, UAE, May 23, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by trading volume, today celebrates a monumental milestone: surpassing 30 million registered users worldwide. This notable achievement comes alongside a period of exceptional growth, cementing Bybit as a leader in the blockchain industry.

Market share soars, user trust flourishes

Bybit’s market share in spot trading has skyrocketed from 2% in 2023 to a staggering 9.3% in 2024, an increase of nearly 400% according to Kaiko Research’s latest quarterly report. This significant jump from 7.3% a year ago firmly establishes Bybit as a leader in the cryptocurrency exchange.

Bybit attributes this growth to its unwavering commitment to user security and trust. The company prioritizes asset security by regularly publishing proof-of-reserve audits, ensuring transparency and accountability with user funds. Furthermore, Bybit has an impeccable security record, with no major breakdowns or hacking incidents since its inception in 2018.

This dedication to security and transparency is further validated by industry recognition. Bybit received a perfect 10/10 trust score from CoinGecko and an ‘AA’ rating in the recent CCData Crypto Exchange benchmark report.

“Reaching 30 million registered users is an incredible achievement, and it wouldn’t be possible without the unwavering support of our vibrant global crypto community,” said Ben Zhou, co-founder and CEO of Bybit. “We are incredibly grateful for their trust and remain committed to providing reliable, world-class services tailored to local needs. Bybit actively collaborates with regulators around the world to ensure compliance and responsible innovation.”

Looking to the future: closing the gap to Web3

Bybit has consistently been at the forefront of Web3 innovation, reshaping the way users interact with the blockchain ecosystem through engaging and user-centric platforms. In 2024, we expand our set of offerings with innovative solutions such as Airdrop Arcade, NFT Pro and Inscription Marketplaces.

These platforms are meticulously designed to not only lower the barriers to entry and simplify the user experience, but also enrich it by curating opportunities to invest in and support a wide range of promising, trending and top-of-the-line tokens and projects. Our most recent livestream of the Solana Fiesta and Bitcoin economy introduced many Web3-curious people to the rapidly growing ecosystems and their opportunities.

This selection consistently ensures that our users have access to the most rewarding and trusted opportunities in the Web3 space, making participation not only easier but also more enjoyable through gamification and advanced data intelligence. This commitment extends to the upcoming launch of Bybit Web3 DEX Pro, a cutting-edge decentralized exchange platform powered by revolutionary i-SMART data intelligence technology. This represents Bybit’s commitment to empowering innovation, providing tools that not only meet but exceed the needs of modern traders and investors.

“Today’s milestone means more than just numbers; it is a testament to our continued dedication to revolutionizing the crypto landscape,” Zhou emphasized. “Bybit remains committed to shaping the future of cryptocurrencies. We will continue to uphold the values ​​of listening, caring and improving, to serve our 30 million users with the most professional products. Protecting our customers’ interests will be ingrained in all product designs. We imagine a world where Web3 empowers every individual, where financial inclusion is not just a goal, but a reality.”

About Bybit

Bybit is one of the top three cryptocurrency exchanges by volume with over 30 million users. Established in 2018, Bybit offers a professional platform where cryptocurrency investors and traders can find a lightning-fast comparison engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula One Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details on Bybit, visit Bybit Press.For media inquiries, contact: media@bybit.com For more information, visit: https://www.bybit.com For updates follow: Bybit’s Communities and Social Media

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