World Crypto Global
- Written by: Damian Chmiel
- Tue, 21 May 2024
- Israel
Cryptoexchange Bybit has surpassed 30 million registered users globally. Theexchange, one of the largest in terms of spot volumes, hasincreased its customer base by 10 million over the last six months.Bybit Surpasses 30 MillionRegistered Users At the endof November last year, Bybit celebrated its fifth anniversary and boasted avery high rate of new user acquisition, which helped increase its customer baseto over 20 million.By earlyMarch 2024, their number had already exceeded 25 million, growing by another 5million in just the last 2.5 months. This increase was due to a significantsurge in interest in cryptocurrencies in recent months and the risingpopularity of Bybit's crypto copy trading platform."Reaching30 million registered users is a humbling achievement, and it wouldn't bepossible without the unwavering support of our vibrant global cryptocommunity," said Ben Zhou, the Co-Founder and CEO of Bybit.Bybit also focuses on expanding its Web3 offerings, including introducing the NFTPro marketplace and Inscriptions. Soon, it will launch Bybit Web3 DEX Pro,a decentralized cryptocurrency exchange platform."Weare incredibly grateful for their trust and remain committed to providingbest-in-class, reliable services tailored to local needs. Bybit activelycollaborates with regulators worldwide to ensure compliance and responsibleinnovation."Market Share and VolumesSurgeAccordingto the latest Finance Magnates Intelligence Report, Bybit's market share inspot trading has experienced a visible surge, jumping from 2% in 2023 to 11% in April2024.The cryptocurrency exchange is currently the second largest in spot volumes, trailing only Binance and surpassing OKX, UpBit, and Coinbase. Notably, the exchange's volumes have jumped sixfold within a year, from $20 billion to $138 billion.Bybitattributes this growth to its unwavering commitment to user security and trust.The company prioritizes asset safety through the regular publication ofproof-of-reserve audits, ensuring transparency and accountability with userfunds, the company commented in the press release.Recently, however,the exchange found itself targeted by the French regulator AMF, which warnedagainst its operations in the country. The regulator reminded that the platformwas blacklisted two years ago.This article was written by Damian Chmiel at www.financemagnates.com.
