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Bybit Exchange Overview: Trade Volume, Listings, and Features Explained

by Cryptocurrency Exchange 2024. 10. 13.
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Explore Bybit, the world's second-largest crypto exchange by trading volume. Learn about Bybit's features, supported cryptocurrencies, trading pairs, fees, and more

By bit ranked third among the top cryptocurrency exchanges by trading volume
By bit secures third place among leading cryptocurrency exchanges based on 24-hour trading volume, with support for multiple currencies like USD, EUR, and GBP

Bybit Market Overview: Trade Volume, Market Listings, and Key Information

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Bybit is one of the world's largest cryptocurrency exchanges by trading volume, currently ranked second globally. Established in March 2018, Bybit serves over 40 million users and institutions with access to a wide range of trading products, including spot trading, crypto derivatives like futures and options, launchpad projects, earning products, and an NFT marketplace. In this article, we will explore Bybit's trading volume, its market listings, financial reserves, and key features that make it one of the most popular choices for crypto traders.

Bybit Spot Trading Volume and Total Assets

By bit BTC/USDT trading interface showing candlestick chart and order book
Bybit trading interface for the BTC/USDT pair, featuring real-time price movements, candlestick charts, and an order book overview.

Bybit's 24-hour spot trading volume is impressive, reaching $1,984,829,595.06, which equates to approximately 31,689 BTC. Bybit’s total assets amount to $9,639,204,887.67, showcasing the platform's vast liquidity and stability. This significant volume and asset base enable Bybit to maintain a robust marketplace for both spot and derivatives trading, making it highly attractive for high-frequency traders and institutions.

For more information, visit Bybit's official website.

 

Buy & Sell Bitcoin, Ether | Cryptocurrency Exchange | Bybit

Crypto trading experience elevated. Buy, sell, trade BTC, altcoins & NFTs. Get access to the spot and futures market or stake your coins securely.

www.bybit.com

Key Features of Bybit

Bybit provides a professional trading environment equipped with an ultra-fast matching engine, 24/7 customer service, and multilingual community support. As a proud partner of Oracle Red Bull Racing, Bybit brings its brand to the global stage. The platform offers the following products:

  • Spot Trading: Trade more than 300 pairs, including major cryptocurrencies like Bit coin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and many others.
  • Derivatives: Users can trade crypto derivatives such as USDT perpetuals, USDC perpetuals, inverse perpetuals, futures, and options with leverage of up to 100X.
  • Bybit Earn: A product allowing users to earn passive income on their crypto holdings through flexible and fixed-term savings.
  • NFT Marketplace: A place for users to buy, sell, and trade non-fungible tokens (NFTs).
  • Leveraged Tokens: Bybit also offers leveraged tokens, enabling traders to maximize returns on short-term movements.

Bybit Founders and Launch

Bybit was founded by Ben Zhou after working for seven years at XM, one of the largest forex brokerage companies in China. He graduated from the University of Pennsylvania and later co-founded Bybit in 2018 to provide a competitive crypto derivatives trading platform. Bybit is registered in the British Virgin Islands and has its headquarters in Dubai, UAE.

Supported Coins and Market Listings

Bybit supports over 100 crypto tokens and more than 300 spot trading pairs, including major coins like BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, and DOT. These wide selections of cryptocurrencies provide users with diverse market opportunities and the flexibility to manage their portfolios effectively.

Bybit Financial Reserves and Token Allocation

By bit financial reserves overview including BTC, ETH, USDT, and other assets
By bit's financial reserves overview showing detailed balances of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with respective valuations.

Bybit maintains transparency regarding its financial reserves, with a total reserve of $9,639,204,887.67. The current allocation is:

  • Bitcoin (BTC): 34.97% of total reserves, valued at $2,626,192,323.79
  • Tether (USDT): 25.55% of total reserves, valued at $1,402,141,319.06
  • Ethereum (ETH): 7.62%, valued at $555,165,642.95
  • Mantle (MNT): 4.15%, valued at $203,225,419.27
  • USDe: 2.72%, valued at $199,733,356.99
  • Other Tokens: 25.00%

These balances are reported directly by the exchange, but the information may be subject to delays. Bybit’s financial transparency ensures that users are well-informed about the liquidity and stability of the platform.

Restricted Countries for Bybit Services

Bybit is available globally, but due to local regulations, its services are restricted in countries such as the United States, United Kingdom, mainland China, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran, Uzbekistan, and regions controlled by Russia in Ukraine (Crimea, Donetsk, Luhansk), as well as Syria. Users in these areas will need to look for alternative platforms to access similar services.

By bit Fees and Leverage Options

Bybit charges a tiered fee structure based on a maker-taker model, which varies depending on the user's status:

  • Non-VIP Level: Spot trading fees for both makers and takers are 0.10%. For perpetual and futures trading, the fees are 0.06% (taker) and 0.01% (maker).
  • Pro 3 Level: Spot trading fees reduce to 0.02% (taker) and 0% (maker), while derivatives trading fees are 0.03% (taker) and 0% (maker).

Users can also utilize margin trading with leverage of up to 100X on popular crypto derivatives, including BTC/USD, ETH/USD, XRP/USD, and EOS/USD. Bybit offers both isolated margin and cross margin, giving users flexibility in risk management.

Market Listings on Bybit

Bybit's market listings cover a wide variety of trading pairs. Here are some of the major pairs:

  1. Bitcoin (BTC/USDT) - Price: $62,606.59, Volume: $618,712,080 (31.19% of the total volume)
  2. Ethereum (ETH/USDT) - Price: $2,462.19, Volume: $227,629,969 (11.47%)
  3. Bit coin (BTC/USDC) - Price: $62,594.24, Volume: $96,298,429 (4.85%)
  4. Solana (SOL/USDT) - Price: $146.84, Volume: $46,416,477 (2.34%)
  5. Aptos (APT/USDT) - Price: $10.06, Volume: $44,616,949 (2.25%)

Bybit’s diverse market listings and deep liquidity make it suitable for high-frequency and large-scale traders who need reliable execution and minimal slippage.

Conclusion

"Young woman holding a Bitcoin coin, promoting the start of trading with By bit now.
Ready to start your cryptocurrency journey? Begin with By bit today and experience seamless trading—log in now and join millions of others in the crypto revolution.

Bybit has established itself as a leading cryptocurrency exchange, with extensive offerings across spot trading, derivatives, leveraged tokens, and NFTs. Its partnership with Oracle Red Bull Racing demonstrates its commitment to growing a global presence, while its financial transparency and robust trading tools make it a strong choice for crypto traders of all levels. With competitive fees, a user-friendly interface, and a variety of supported assets, Bybit remains one of the top exchanges in the cryptocurrency market.

 

Bybit: A Comprehensive Guide to One of the World's Largest Cryptocurrency Exchanges

Discover Bybit's trade volume and market listings in this comprehensive guide. Learn about Bybit's features, fees, supported coins, and find out if it's the right platform for your trading needs.Bybit: A Comprehensive Guide to One of the World's Largest Cr

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Whether you are an experienced trader or just getting started, Bybit provides a powerful platform to support your trading needs. To learn more and start trading

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