{"id":"bybit","title":"ByBit","content":"**Bybit** is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange that aims to provide a professional platform, fast matching engine, and comprehensive customer support. It provides a platform for trading over 1,000 [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) and has gained popularity among 20 million users worldwide as the third-largest crypto exchange. [\\[1\\]](#cite-id-vkalrue5eb)​\n\n[YOUTUBE@VID](lAY3iRkm6T0)\n\n## Overview\n\nFounded by [Ben Zhou](https://iq.wiki/wiki/ben-zhou) in March 2018 and launched in December of the same year, Bybit serves over 10 million users and institutions, intending to provide access to various assets and contracts, including Spot, Futures, and Options, along with launchpad projects, earn products, and an [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Marketplace.\n\nWith a vision to foster the growth of the crypto and [Web3](https://iq.wiki/wiki/web3) ecosystem, Bybit aims to function as #TheCryptoArk, facilitating a seamless and equitable trading experience. The exchange prioritizes professionalism, innovation, transparency, and customer-centric values, aspiring to establish a fair and efficient trading environment with round-the-clock multi-language support.\n\nSince its inception, Bybit has aimed to differentiate itself by offering a fair, transparent, and robust crypto derivatives exchange accessible to users worldwide. The platform seeks to provide liquidity, transparency, and reliability amidst a rapidly evolving market landscape. While initially focused on derivatives trading for crypto-savvy individuals, Bybit has broadened its offerings to cater to a wider audience while remaining dedicated to its mission of democratizing finance through technology.[\\[1\\]](#cite-id-vkalrue5eb)​[\\[2\\]](#cite-id-44oow96yaok)&#x20;\n\n## History\n\n### 2018\n\nFounded in 2018, Bybit aimed to revolutionize finance and support the [crypto](https://iq.wiki/wiki/cryptocurrency) and [Web3](https://iq.wiki/wiki/web3) ecosystem. Within two months, it launched its first BTCUSD Inverse Perpetual Contract. Bybit's mission was to establish a transparent and reliable [crypto](https://iq.wiki/wiki/cryptocurrency) derivatives exchange accessible to all, evolving over time to cater to a wider audience while prioritizing financial democratization through technology.[\\[2\\]](#cite-id-44oow96yaok)​[\\[3\\]](#cite-id-zxvc38fjjyj)​\n\n### 2019\n\nIn 2019, Bybit achieved a significant milestone of breaking even in May, driven by the support of 5,000 early adopters. During this period, the company established its guiding ethos centered around listening to users' feedback, caring about their needs, and continuously striving for improvement. Bybit also processed a notable 10% of the global [Bitcoin](https://iq.wiki/wiki/bitcoin) trading volume, cementing its position in the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) trading landscape.[\\[3\\]](#cite-id-zxvc38fjjyj)​\n\n### 2020\n\nIn 2020, Bybit experienced significant growth, surpassing $4 billion in daily trading volume and overtaking [BitMEX](https://iq.wiki/wiki/bitmex) in market share. The company also expanded its team, welcoming 2,000 new members. Additionally, Bybit launched a trading contest, \"World Series of Trading,\" with a mega prize pool of 200 [Bitcoin](https://iq.wiki/wiki/bitcoin), aiming to attract a global audience of traders. This contest marked the first in a bi-annual series.[\\[3\\]](#cite-id-zxvc38fjjyj)​[\\[4\\]](#cite-id-mkrjckdusnb)​\n\n[YOUTUBE@VID](WBGtRQseU1s)\n\n### 2021\n\nIn 2021, Bybit achieved several milestones, including surpassing a daily trading volume of 800,000 in [Bitcoin](https://iq.wiki/wiki/bitcoin) over two years to support children's digital learning and STEAM education programs in Vietnam and East Asia.\n\nTo enhance security compliance, Bybit announced plans to implement [Know Your Customer (KYC)](https://iq.wiki/wiki/know-your-customer-kyc) procedures, aiming to ensure better protection for user accounts and funds. The exchange also climbed industry rankings, becoming the second world's largest bitcoin futures trading platform by open interest.\n\nAdditionally, Bybit introduced the ByFi Center in May, offering users opportunities to grow their crypto holdings through [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) products such as Bybit Launchpool, dual asset mining, and flexible staking. Bybit also launched the Bybit Launchpad, providing users with access to innovative crypto projects like BitDAO's native governance token, BIT.[\\[3\\]](#cite-id-zxvc38fjjyj)​[\\[5\\]](#cite-id-ch88cpy03b)​[\\[6\\]](#cite-id-awpc78yjvzi)​[\\[7\\]](#cite-id-alsek046cp)​[\\[8\\]](#cite-id-1phrcg2bozr)​[\\[9\\]](#cite-id-cvopso0w6he)​[\\[12\\]](#cite-id-fthe9p6xcp)​\n\n[YOUTUBE@VID](2r6PoaoCh_w)\n\n### 2022\n\nIn 2022, Bybit reached significant milestones despite challenges. It swiftly introduced the Unified Trading Account, pioneered USDC-settled Options contracts, and formed a partnership with [Oracle](https://iq.wiki/wiki/oracle) Red Bull Racing. Bybit also prioritized transparency by implementing a real-time proof-of-reserves system.\n\nExpanding its services, Bybit launched a [P2P](https://iq.wiki/wiki/peer-to-peer-trading-p2p) platform for direct crypto trading and ventured into [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) with the Bybit [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Marketplace introduction. It received approval for virtual assets business in the UAE, prompting the relocation of its global headquarters to Dubai.\n\nBybit also introduced [Liquidity Mining](https://iq.wiki/wiki/liquidity-mining), offering various liquidity pools for [AMM](https://iq.wiki/wiki/automated-market-maker) trading, and launched Copy Trading for replicating top traders' positions hassle-free. For institutional trading teams, Bybit introduced the Custodial Trading Subaccount, allowing investors to entrust their funds for professional asset management while safeguarding trading strategies.[\\[3\\]](#cite-id-zxvc38fjjyj)​[\\[10\\]](#cite-id-9c30mxz6zb)​[\\[11\\]](#cite-id-t3j3gmtk1e9)​[\\[12\\]](#cite-id-fthe9p6xcp)​[\\[13\\]](#cite-id-j8atb2ja2o)​[\\[14\\]](#cite-id-wx4ylw4hur)​[\\[22\\]](#cite-id-npt5l2lg8k)​[\\[16\\]](#cite-id-nn623kyf84)​\n\n[YOUTUBE@VID](vAKwwY1KoqI)\n\n### 2023\n\nIn 2023, ByBit entered a new phase by establishing its headquarters in Dubai and obtaining the MVP license. During this period, the platform surpassed 20 million users and gained recognition as one of [CoinGecko's](https://iq.wiki/wiki/coingecko) reputable [crypto](https://iq.wiki/wiki/cryptocurrency) exchanges. By consistently ranking among the top three exchanges by trading volume, ByBit aimed to solidify its position in the industry. Moreover, ByBit formed a global partnership with Mastercard, leading to the launch of the exclusive ByBit Card.\n\nMarch 2023 saw a significant increase in web traffic, with the website recording 20.71 million visits, marking a 34.5% rise from February 2023. ByBit also aimed to increase engagement across social media platforms, striving to become one of the most engaged brands across Facebook, Twitter, and Instagram.[\\[3\\]](#cite-id-zxvc38fjjyj)​[\\[32\\]](#cite-id-oiwcd65ze9b)​\n\n### 2024\n\nIn 2024, Bybit focused on enhancing platform stability and institutional offerings, outlining a vision to improve services for institutional clients and enhance accessibility with the Bybit Card. The platform was awarded \"Best [Blockchain](https://iq.wiki/wiki/blockchain) Company of the Year 2024\" and reported a 24-hour trading volume of over $23 billion by early 2026.[\\[64\\]](#cite-id-pNS0WWxF7HIvzfbA) A pivotal discussion with representatives from five innovative projects marked a significant moment for Bybit [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Pro's evolution on January 11, 2024. [\\[33\\]](#cite-id-2glexxxzwra)​[\\[34\\]](#cite-id-lwc1hp5vx3)​\n\nOn August 1, 2024, ByBit announced the halting of operations in France and the restriction of account features for French users. Bybit cited \"recent regulatory developments\" by France's financial regulator, Autorité des Marchés Financiers (AMF), as the catalyst for halting operations in the European country. [\\[58\\]](#cite-id-arfn2uda9jo)​\n\n## Products\n\n### P2P Platform\n\nBybit's [P2P](https://iq.wiki/wiki/peer-to-peer-trading-p2p) trading platform aims to facilitate direct transactions between users at agreed-upon prices, offering customized orders and zero trading fees. It requires no deposit for participation and supports over 80 payment methods along with major [fiat](https://iq.wiki/wiki/fiat-money) currencies.\n\nTo ensure security, transactions above specified thresholds undergo [KYC](https://iq.wiki/wiki/know-your-customer-kyc) verification. Transfers from the [P2P](https://iq.wiki/wiki/peer-to-peer-trading-p2p) platform to users' Spot accounts are instant, enabling seamless integration with Bybit's trading platforms.\n\nWith a community of over five million traders, the platform provides access to a dynamic marketplace where users can connect with buyers and sellers tailored to their individual needs and preferences.[\\[10\\]](#cite-id-9c30mxz6zb)​[\\[65\\]](#cite-id-rdkC39EYcSrNERNF)​[\\[17\\]](#cite-id-5imaq3nkwtw)​[\\[66\\]](#cite-id-YcItSHBbsoEnCXV7)​\n\n[YOUTUBE@VID](74D0qGqVkmM)\n\n### ByBit Earn\n\nBybit Earn aims to provide competitive yields and security, with various products tailored to different risk preferences and yield expectations. Bybit Savings offers flexible\n\n* and fixed-term products with competitive APRs, while [Liquidity Mining](https://iq.wiki/wiki/liquidity-mining) and Dual Asset cater to those seeking long-term yields and short-term trading opportunities, respectively.\n\nETH2.0 [Liquid Staking](https://iq.wiki/wiki/liquid-staking) enables participation in [Ethereum's](https://iq.wiki/wiki/ethereum) validation process with minimal [ETH](https://iq.wiki/wiki/ether-eth) holdings, while Bybit Double-Win and Discount Buy provide opportunities for short-term gains in various market conditions. Bybit Wealth Management aims to offer professionally managed investment strategies for diversification and growth, and Bybit Launchpool allows users to stake specific tokens and earn new tokens without cost.[\\[67\\]](#cite-id-SssfU9ejzNaVlaTW)​[\\[14\\]](#cite-id-wx4ylw4hur)​[\\[21\\]](#cite-id-8r2hohac39k)​\n\n[YOUTUBE@VID](r715ho8Zu3w)\n\n### Copy Trading Platform\n\nBybit's Copy Trading platform provides a user-friendly experience for both Principal Traders and Followers, aiming to offer a seamless environment for trade replication. Followers can select from a pool of vetted Principal Traders, ensuring access to diverse trading strategies.\n\n​[Meanwhile](https://iq.wiki/wiki/meanwhile), Principal Traders have the opportunity to demonstrate their expertise and earn a share of profits from their followers. The platform prioritizes automation to streamline trade replication while maintaining real-time monitoring and vetting processes.\n\nAdditionally, Copy Trading extends across [USDT](https://iq.wiki/wiki/tether) perpetual trading and futures grid bot, offering users flexibility in replicating trades based on their preferences and risk appetite. Aspiring traders can apply to become Master Traders, enhancing their earning potential through profit-sharing with their followers.[\\[22\\]](#cite-id-npt5l2lg8k)​[\\[68\\]](#cite-id-11hsoeHrKhQP5DVy)​[\\[23\\]](#cite-id-bugit3qw0t)​\n\n[YOUTUBE@VID](DGKh8Whx2E0)\n\n### Unified Trading Account\n\nThe Bybit Unified Trading Account (UTA) provides traders access to diverse trading products, including Spot Trading, Spot Margin Trading, [USDT](https://iq.wiki/wiki/tether) Perpetual, [USDC](https://iq.wiki/wiki/usdc) Perpetual, Futures, and [USDC](https://iq.wiki/wiki/usdc) Options, all within a single account. It integrates cross-collateral margin functionalities, aiming to facilitate efficient position management without the need to switch between accounts.\n\nUTA supports different margin modes like Cross Margin, Portfolio Margin, and Isolated Margin, aiming to enable traders to implement various trading strategies and risk management techniques. With features like auto borrowing and collateral value ratio calculation, traders can optimize their trading activities and assess risks effectively.\n\nCompared to a Standard Account, UTA offers enhanced flexibility by allowing the use of multiple margin assets as collateral, aiming to streamline trading operations. This versatility, combined with comprehensive trading benefits, positions UTA as a preferred choice for traders seeking a seamless trading experience. [\\[69\\]](#cite-id-gW5R9eTfHqNADPxJ)​[\\[24\\]](#cite-id-gfbxer4t2pc)​[\\[25\\]](#cite-id-csb8fwv5b6q)​\n\n[YOUTUBE@VID](bLxOe1v98XY)\n\n### Trading Bot\n\nBybit offers Trading Bot, a platform designed to automate [crypto](https://iq.wiki/wiki/cryptocurrency) trading processes. It provides various types of bots, including Grid Bot, DCA Bot, and Martingale Bot, which aim to streamline trading activities and potentially enhance investment returns based on different strategies and market conditions.\n\nTrading Bot presents both advantages and risks. While it aims to simplify trading tasks and mitigate emotional involvement, users should be aware of potential limitations and uncertainties, such as temporary interruptions in operations and the unpredictable nature of market outcomes. Traders are encouraged to thoroughly comprehend the functionalities and associated risks of each bot before engaging in automated trading activities.[\\[70\\]](#cite-id-na5NVy5RyNU9qmJ2)​[\\[26\\]](#cite-id-v87bxxbcpbr)​\n\n[YOUTUBE@VID](MAlmb1fL8pw)\n\n### ByBit Card\n\nBybit Card serves as a Mastercard debit card, providing convenient access to funds for everyday transactions. It aims to seamlessly integrate [crypto](https://iq.wiki/wiki/cryptocurrency) assets into daily life, enabling users to spend their [crypto](https://iq.wiki/wiki/cryptocurrency) earnings from Bybit's trading products instantly. Accepted by over 90 million Mastercard merchants worldwide, Bybit Card supports multiple [crypto](https://iq.wiki/wiki/cryptocurrency) assets as payment options and employs EMV 3-D Secure for enhanced security. Additionally, users can benefit from a Loyalty Rewards Program and access 24/7 multilingual customer support.\n\nThe functionality of Bybit Card depends on the user's country of Identity Verification Lv. 2, with the card denominated in the corresponding [fiat](https://iq.wiki/wiki/fiat-money) currency. Supported [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) for transactions include [BTC](https://iq.wiki/wiki/bitcoin-btc), [ETH](https://iq.wiki/wiki/ether-eth), [XRP](https://iq.wiki/wiki/xrp), [USDT](https://iq.wiki/wiki/tether), [USDC](https://iq.wiki/wiki/usdc), [TON](https://iq.wiki/wiki/toncoin), MNT, and [BNB](https://iq.wiki/wiki/binance-coin). During transactions, [fiat](https://iq.wiki/wiki/fiat-money) currency in the Funding Account is deducted first, with [crypto](https://iq.wiki/wiki/cryptocurrency) assets used as a payment option when [fiat](https://iq.wiki/wiki/fiat-money) is insufficient, subject to a conversion fee.\n\nBybit offers both virtual and physical card options, with the Virtual Card Lite providing streamlined entry into the Bybit Card ecosystem without the need for Proof-of-Address verification, albeit with a lifetime spending limit of 150 EUR. Users can upgrade to the Standard Virtual Card or Physical Card upon completing the address verification process.[\\[71\\]](#cite-id-Hl9dFEMsbKGplp5m)​[\\[27\\]](#cite-id-0s1rvs1q484k)​[\\[28\\]](#cite-id-xtfmofkqq4j)​[\\[29\\]](#cite-id-uo6i16qnup)​\n\n[YOUTUBE@VID](hAnvibBB7tg)\n\n### Web3 Wallet\n\nBybit's [Web3](https://iq.wiki/wiki/web3) wallet aims to provide easy access to the [Web3](https://iq.wiki/wiki/web3) world while ensuring the security of digital assets without requiring users to manage private keys. It offers a user-friendly interface and round-the-clock customer support, making it convenient for newcomers to explore [Web3](https://iq.wiki/wiki/web3).\n\nThe Bybit wallet allows seamless access to [decentralized applications](https://iq.wiki/wiki/decentralized-application) like [DeFi](https://iq.wiki/wiki/defi), GameFi, and [NFTs](https://iq.wiki/wiki/non-fungible-token-nft). It supports cross-chain compatibility, private key management, automatic airdrop collection, and access to [NFT](https://iq.wiki/wiki/non-fungible-token-nft) marketplaces and [DeFi](https://iq.wiki/wiki/defi) products. Bybit aims to become the preferred gateway to the [Web3](https://iq.wiki/wiki/web3) ecosystem.\n\nDifferentiating from Bybit.com, a crypto trading platform, Bybit [Web3](https://iq.wiki/wiki/web3) focuses on [Web3](https://iq.wiki/wiki/web3) services, storing private keys securely in Bybit's cloud service for enhanced security.[\\[72\\]](#cite-id-7zGf3GNltMsTLH38)​[\\[30\\]](#cite-id-qj1teibfrd)​[\\[31\\]](#cite-id-pn1po7u569o)​\n\n[YOUTUBE@VID](PHBpiHm43BI)\n\n#### NFT Marketplace\n\nBybit's expansion into the [NFT](https://iq.wiki/wiki/non-fungible-token-nft) space includes the launch of the Bybit [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Marketplace in January 2022. This platform serves as a central hub for listing and trading [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), with a focus on collaborating with high-quality projects from creators worldwide.\n\nTo encourage participation, Bybit offered a 20,000 [USDT](https://iq.wiki/wiki/tether) Prize Pool to users who purchased at least one [NFT](https://iq.wiki/wiki/non-fungible-token-nft) during a specified period. Trading on the marketplace is seamless for registered users, with zero transaction fees for buyers.\n\n​[NFT](https://iq.wiki/wiki/non-fungible-token-nft) owners can resell their assets and soon withdraw them to personal wallets. Additionally, some [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) are sold as Mystery Boxes, each containing a randomized item from a collection.[\\[11\\]](#cite-id-t3j3gmtk1e9)​[\\[18\\]](#cite-id-awjpc4v12gh)​[\\[19\\]](#cite-id-drnrtyfn6i6)​[\\[20\\]](#cite-id-s60vn34ki6c)​\n\n[YOUTUBE@VID](0HhzLkCvmY4)\n\n### Spot X\n\nToken SplashSpotX comprises:\n\n1. **LaunchPad**: Bybit Launchpad facilitates token launches for [blockchain](https://iq.wiki/wiki/blockchain) projects. Eligible users must complete Identity Verification Lv. 1 or Business Verification and maintain a minimum daily average [USDT](https://iq.wiki/wiki/tether) balance of $100 across accounts during the Subscription Period.[\\[35\\]](#cite-id-iz5y5cfoofo)[\\[36\\]](#cite-id-ct8qitn7eg)\n2. **Launchpool**: Bybit Launchpool allows users to stake currencies and earn project tokens. Eligible users must complete Individual [KYC](https://iq.wiki/wiki/know-your-customer-kyc) Lv. 1 and stake tokens on the Launchpool homepage. Daily yields are deposited into users' Funding Accounts.[\\[37\\]](#cite-id-26j49s1alr8)\n3. **ByStarter**: ByStarter provides a token sale platform for early adopters, without guaranteed listing. Users must complete Individual [KYC](https://iq.wiki/wiki/know-your-customer-kyc) Lv. 2. It features early-stage projects reviewed but not yet listed on exchanges.[\\[38\\]](#cite-id-1cx0vbddlp2)\n4. **ByVotes**: ByVotes enables users to vote for projects to be listed on Bybit's platforms. ByVotes (Spot) and ByVotes (Derivatives) are open to users with Individual [KYC](https://iq.wiki/wiki/know-your-customer-kyc) Lv. 1 or Business [KYC](https://iq.wiki/wiki/know-your-customer-kyc).[\\[39\\]](#cite-id-4cy4ytiptbl)[\\[40\\]](#cite-id-7tmzg9fil1k)\n5. **TokenSplash**: Token Splash showcases new token listings, rewarding participants. Eligibility requires completion of Individual Identity Verification ([KYC](https://iq.wiki/wiki/know-your-customer-kyc)) Lv.1. Users earn rewards by accumulating token deposits, trading volumes, or purchasing tokens with [USDT](https://iq.wiki/wiki/tether) during events.[\\[41\\]](#cite-id-e35fulus8m9)\n\n[YOUTUBE@VID](dAG8huL9R_E)\n\n## V5 API\n\nThe V5 API aims to streamline trading activities on Bybit's exchange, providing functionality for order placement, accessing market data, and managing accounts programmatically. Institutional traders can benefit from the collaboration with [Paradigm](https://iq.wiki/wiki/paradigm), facilitating efficient execution of block trades across different products. To engage in [Paradigm](https://iq.wiki/wiki/paradigm) API trading, users must meet specific requirements, including Business KYC verification and enabling Google 2FA authentication.\n\nUnified API V5 aims to bring significant enhancements, consolidating APIs for Spot, Derivatives, and Options to ensure uniformity and ease of use. Upgrading to V5 aims to be seamless and aims to improve capital efficiency by enabling shared fund utilization across products. Additionally, it aims to support borrowing across various products and integrates with [Paradigm](https://iq.wiki/wiki/paradigm) for block trading. Clearer path definitions in API V5 aim to enhance user experience during API interaction, aiming for improved clarity.[\\[42\\]](#cite-id-xei8ah775ua)​[\\[43\\]](#cite-id-lbgitatu6zs)​[\\[44\\]](#cite-id-me8eglyodqt)​[\\[45\\]](#cite-id-zwa0i6sk5rl)​\n\n## Partnerships\n\n### ByBit x BVB\n\nin 2020, Bybit and Borussia Dortmund (BVB) partnered to blend innovative technologies with sports, aiming to expand BVB's international presence and Bybit's European foothold. This multi-year collaboration signifies a mutual embrace of digital advancements and shared values in talent development and seizing opportunities.\n\nCarsten Cramer, Managing Director of Borussia Dortmund, expressed excitement about penetrating deeper into Asian markets and strengthening the club's brand internationally through this innovative partnership.\n\nBybit's CEO, [Ben Zhou](https://iq.wiki/wiki/ben-zhou), highlighted the synergy between the two entities and their shared commitment to authenticity and excellence. The partnership aims to deepen Bybit's European foothold while enhancing Borussia Dortmund's global brand recognition.[\\[49\\]](#cite-id-yy699ltnge)​[\\[50\\]](#cite-id-mxiscsgfjn)​\n\n[YOUTUBE@VID](v_WKj-lHYGA)\n\n### ByBit x Argentine Football Association\n\nIn 2021, Bybit partnered with the Argentine Football Association (AFA) as the Global Main Sponsor for all National Teams. This collaboration aims to strengthen Bybit's presence in the Latin American market while supporting AFA's initiatives. AFA President Claudio Tapia emphasized the significance of the agreement, highlighting its role in advancing the association's objectives.\n\nBybit's CEO, [Ben Zhou](https://iq.wiki/wiki/ben-zhou), expressed enthusiasm for the partnership, citing the Albiceleste's passion and creativity as qualities that align with Bybit's values. [\\[51\\]](#cite-id-9tfvsgb14xd)​\n\n![téléchargement-2.png](https://ipfs.everipedia.org/ipfs/Qmdq8bqT1PU3rYUtVQwJ1CJcdtDAdHXJZeDDnmQ5vk17FE \"téléchargement-2.png\")\n\n### ByBit x Virtus.Pro\n\nIn 2021, Bybit entered a three-year sponsorship agreement with Russian esports organization Virtus.pro, facilitating participation in the WSOT 2021 trading tournament with a $7.5 million prize pool. This aligns with Bybit's engagement in esports, reflected in agreements with other major teams.\n\nThe partnership includes branding on Virtus.pro jerseys, app banners, and social media channels, alongside community initiatives. Virtus.pro's CEO Sergey Glamazda highlights the goal of simplifying understanding in esports and [crypto](https://iq.wiki/wiki/cryptocurrency), in line with Bybit's objectives.\n\nAdditionally, the partnership designates Bybit as Virtus.pro's official [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) platform and [NFT](https://iq.wiki/wiki/non-fungible-token-nft) partner for three years, with involvement in the WOST trading tournament.[\\[52\\]](#cite-id-dnwv8yt3b3g)​[\\[53\\]](#cite-id-n3tkmzm96h)​\n\n![2ICXddS5bRgXlArKdmTmtOYY6IytszUBE7QlfwQL.png](https://ipfs.everipedia.org/ipfs/QmYVwPrK5yJwpqETWmszMaNnxgc8hFeQ54Pa58SDMHgt8B \"2ICXddS5bRgXlArKdmTmtOYY6IytszUBE7QlfwQL.png\")\n\n### ByBit x Astralis\n\nIn 2021, the Danish esports organization Astralis entered a three-year partnership with Bybit, which includes featuring Bybit's logo on Astralis' CS:GO jerseys and digital platforms. The collaboration also involves planning player engagements, carbon neutrality initiatives, and financial education campaigns.\n\nAstralis players will take part in Bybit's annual WSOT trading competition, which offers a $7.5 million prize pool, with a portion donated to UNICEF. Astralis co-founder and CRO Jakob Lund Kristensen highlighted the partnership's significance financially and in terms of brand exposure. Alongside Natus Vincere, Astralis joins other organizations partnering with Bybit.[\\[54\\]](#cite-id-4mbbqifa8p)​[\\[55\\]](#cite-id-mc4zzhsuufl)​\n\n[YOUTUBE@VID](DhPiox29yHE)\n\n### ByBit x RedBull\n\nIn 2022, Bybit partnered with [Oracle](https://iq.wiki/wiki/oracle) Red Bull Racing, marking a significant venture in sports. Bybit assumes key roles as Principal Team, [Cryptocurrency](https://iq.wiki/wiki/cryptocurrency) Exchange, and Tech Incubator Partner, aiming to drive innovation and fan engagement. In 2023, they introduced GloBull, a revamped competition, offering fans interactive experiences and exciting prizes.[\\[56\\]](#cite-id-t4g3eu70tuj)​[\\[57\\]](#cite-id-p6ga2860dps)​\n\n[YOUTUBE@VID](vh6csOYmCf4)\n\n## Developments\n\n### World Series of Trading\n\nThe World Series of Trading (WSOT), organized by Bybit, is a major annual crypto trading competition with a prize pool of 8 million [USDT](https://iq.wiki/wiki/tether). Traders worldwide can participate individually or in teams, competing in categories like Derivatives Squad Showdown and Copy Trading Fest. WSOT emphasizes derivatives trading, with additional side events like lucky draws.\n\n> \"WSOT was conceptualized to bring cryptocurrency trading enthusiasts together to experience the exhilaration of crypto trading competition on a global stage. Those of us who worked to make WSOT happen, believe in the importance of empowering traders who embody the passion and vigor for crypto trading.\" - Ben Zhou\n\nBybit pledges to allocate a portion of WSOT winnings to support education and charitable causes, such as donating $400,000 worth of [BTC](https://iq.wiki/wiki/bitcoin-btc) to UNICEF in 2022. In WSOT 2023, contributions supported the growth of the crypto industry, including the Dubai Multi Commodities Centre and other [blockchain](https://iq.wiki/wiki/blockchain) organizations.[\\[46\\]](#cite-id-eskqvazoulp)​[\\[47\\]](#cite-id-owkhaal2cje)​[\\[48\\]](#cite-id-nv02l5ai0hi)​\n\n[YOUTUBE@VID](H0RaejQxbcw)\n\n### Team Restructure\n\nOn May 31, 2024, several executives from Bybit were reported to have changed positions after a flawed [airdrop](https://iq.wiki/wiki/airdrop) resulted in over $26 million in compensation to users. A Bybit spokesperson told [Cointelegraph](https://iq.wiki/wiki/cointelegraph) the company updates its business structure “regularly”:\n\n> “Together with the team, we made a joint commitment to placing the right people in the right roles.\n\nThe changes follow the botched airdrop of [Notcoin](https://iq.wiki/wiki/notcoin) (NOT), a play-to-earn game and token integrated as a Telegram Mini App. In a statement, Bybit explained that the airdrop was delayed due to system maintenance and an unusually high transaction volume:\n\n> “Airdrops were distributed to users whose transactions occurred during the scheduled system maintenance. Hence, it took longer to reconcile all balances and reflect them accurately.”\n\nThe delayed distribution of tokens led to a lower trading price for those who received their tokens later. The balance issue affected 320,000 users, according to the exchange. In response to the incident, Bybit disclosed a $26 million compensation plan on May 17, 2024.\n\n> \"100% of NOTcoin airdrop is credited. We will issue a public statement and compensation plan for all affected 320k users. We have managed to credit 70% of you before NOTcoin market opens, we should've done it better. Sorry to let you all down. We will make sure to never let it happen again.\" - CEO ) tweeted\n\n#### Bybit to shut down NFT marketplace\n\nOn April 1, 2025, Bybit announced that it will shutdown its non-fungible token (NFT) marketplace on April 8, 2025, at 4:00 pm (UTC). The exchange also announced it will shut down its Inscription Marketplace and its initial decentralized exchange offering initiative.  [\\[59\\]](#cite-id-Jlc5wajnW6)​\n\nThe announcement explains that the measures are part of Bybit’s “efforts to streamline our offerings.” [\\[59\\]](#cite-id-Jlc5wajnW6)​\n\n#### ByBit Hack Updates\n\nIn April 2025, Bybit's CEO [Ben Zhou](https://iq.wiki/wiki/ben-zhou) said that 27.95% of the funds lost in the $1.4 billion exploit engineered by the North Korean Lazarus Group have gone dark or become untraceable.  [\\[60\\]](#cite-id-GOA9uIhWlE)​\n\n> \"Total hacked funds of USD 1.4bn around 500k ETH. 68.57% remain traceable, 27.59% have gone dark, 3.84% have been frozen. The untraceable funds primarily flowed into mixers then through bridges to P2P and OTC platforms,\" Zhou said in an executive summary published on X.\n\nThe untraceable funds were moved into mixers before being transferred through bridges to P2P (peer-to-peer) and OTC (over-the-counter) platforms, the post explained, mentioning the use of Wasabi, a crypto mixer, to wash off a certain amount of BTC, following which a portion of these funds entered into other mixers, including [Railgun](https://iq.wiki/wiki/railgun), [Tornado Cash](https://iq.wiki/wiki/tornado-cash) and CryptoMixer.\n\nThe malicious entity then executed multiple cross-chain swaps through Thorchain, eXch, Lombard, LiFi, Stargate and SunSwap, with the final stage involving the conversion of these illicit funds into more liquid assets.\n\nThe North Korea-linked Lazarus Group hacked Bybit in February, draining 500,000 ether (ETH) by taking *\"control of the specific ETH cold wallet and transferring all the ETH in the cold wallet to this unidentified address.\"*\n\nForensics show that of the hacked funds, a total of 432,748 ETH, representing 84.45%, has been transferred from ether to bitcoin via Thorchain. Also, 67.25% of these funds, amounting to 342,975 ETH (around $960.33 million), has been converted into 10,003 BTC and distributed across 35,772 wallets with an average of 0.28 BTC per wallet.\n\nFurther, 1.17% of the funds, or 5,991 ETH (approximately $16.77 million), remains on the [Ethereum](https://iq.wiki/wiki/ethereum) blockchain, stashed across 12,490 wallets.\n\nLastly, the Lazarus Bounty initiative has received 5,443 bounty reports in two months, of which, 70 have been deemed valid. Zhou said the exchange needs *\"more bounty hunters that can decode mixers as we need a lot of help there down the road.\"* [\\[60\\]](#cite-id-GOA9uIhWlE) [\\[61\\]](#cite-id-nxsHGfGxxE)​\n\n### Bybit Launches Solana-Based DEX ‘ByStarter’\n\nIn June 2025, Bybit launched a new Solana-native on-chain decentralized exchange (DEX) named ByStarter (also referred to as ByReal), as part of its push into advanced decentralized trading. The platform is designed to offer high-throughput, low-latency trading with zero gas fees for swaps, leveraging Solana’s performance capabilities. [\\[62\\]](#cite-id-f2timQMFWI)​\n\nThe DEX integrates an off-chain matching engine with on-chain settlement, aiming to provide centralized exchange-level efficiency within a decentralized framework.\n\nAccording to Bybit, this hybrid model allows traders to benefit from speed, security, and transparency—factors that are becoming increasingly important amid growing regulatory scrutiny and user demand for self-custody options. [\\[63\\]](#cite-id-UG7gUJtat5)​\n\nBybit’s co-founder and CEO, [Ben Zhou](https://iq.wiki/wiki/ben-zhou), emphasized the exchange’s focus on innovation, stating:\n\n> “We’re excited to contribute to the \\[Solana] - (<https://iq.wiki/wiki/solana>) ecosystem and support infrastructure that promotes open, transparent, and efficient finance.” [\\[62\\]](#cite-id-f2timQMFWI) [\\[63\\]](#cite-id-UG7gUJtat5)\n\n### AI-Driven Risk Monitoring System\n\nIn late 2025, Bybit implemented an AI-assisted risk monitoring system to detect and flag malicious transactions before funds are withdrawn. In the fourth quarter of 2025, the system was credited with disrupting or blocking transactions totaling over 500 million in total withdrawal requests and provided real-time risk alerts to over 4,000 users.[\\[73\\]](#cite-id-UvDyDPUiqVKbZQ8l)​\n\nAccording to David Zong, Bybit's head of group risk control, a substantial portion of the protected funds were saved because users voluntarily canceled their transactions after receiving system-generated warnings, keeping the funds in their accounts. The system operates on a \"triple-tied theft prevention framework,\" which analyzes exchange data for unusual patterns like mass withdrawals. Depending on the severity of the risk, it either warns the user or blocks the transaction, allowing Bybit's operations team to preemptively blacklist malicious addresses. In 2025, this system also helped identify 350 high-risk fraud addresses and prevented over three million credential stuffing attacks.[\\[73\\]](#cite-id-UvDyDPUiqVKbZQ8l)​","summary":"Bybit is a professional cryptocurrency exchange platform, founded in 2018, offering trading options for over 1,000 cryptocurrencies and serving 20 million users...","images":[{"id":"QmZTppbNL4aUHShF6YQSUEeFxzJcbeQfnCVeVvU4T5UV63","type":"image/jpeg, image/png"}],"categories":[{"id":"exchanges","title":"Exchanges"}],"tags":[{"id":"DEXes"}],"media":[{"id":"https://www.youtube.com/watch?v=lAY3iRkm6T0","size":"0","name":"lAY3iRkm6T0","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=0HhzLkCvmY4","size":"0","name":"0HhzLkCvmY4","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=gljMz7G5iz8","size":"0","name":"gljMz7G5iz8","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=vAKwwY1KoqI","size":"0","name":"vAKwwY1KoqI","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=r715ho8Zu3w","size":"0","name":"r715ho8Zu3w","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=74D0qGqVkmM","size":"0","name":"74D0qGqVkmM","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=2r6PoaoCh_w","size":"0","name":"2r6PoaoCh_w","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=aOckDEN9teo","size":"0","name":"aOckDEN9teo","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=PHBpiHm43BI","size":"0","name":"PHBpiHm43BI","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=hAnvibBB7tg","size":"0","name":"hAnvibBB7tg","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=bLxOe1v98XY","size":"0","name":"bLxOe1v98XY","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=DGKh8Whx2E0","size":"0","name":"DGKh8Whx2E0","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=H0RaejQxbcw","size":"0","name":"H0RaejQxbcw","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=MAlmb1fL8pw","size":"0","name":"MAlmb1fL8pw","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=dAG8huL9R_E","size":"0","name":"dAG8huL9R_E","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=WBGtRQseU1s","size":"0","name":"WBGtRQseU1s","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=v_WKj-lHYGA","size":"0","name":"v_WKj-lHYGA","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=DhPiox29yHE","size":"0","name":"DhPiox29yHE","type":null,"source":"YOUTUBE"},{"id":"QmYVwPrK5yJwpqETWmszMaNnxgc8hFeQ54Pa58SDMHgt8B","size":"0.56","name":"2ICXddS5bRgXlArKdmTmtOYY6IytszUBE7QlfwQL.png","type":"GALLERY","source":"IPFS_IMG"},{"id":"Qmdq8bqT1PU3rYUtVQwJ1CJcdtDAdHXJZeDDnmQ5vk17FE","size":"1.51","name":"téléchargement-2.png","type":"GALLERY","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=vh6csOYmCf4","size":"0","name":"vh6csOYmCf4","type":null,"source":"YOUTUBE"}],"metadata":[{"id":"website","value":"https://www.bybit.com/en"},{"id":"facebook_profile","value":"https://www.facebook.com/Bybit"},{"id":"instagram_profile","value":"https://www.instagram.com/bybit_official/"},{"id":"twitter_profile","value":"https://twitter.com/Bybit_Official"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/bybitexchange/"},{"id":"youtube_profile","value":"https://www.youtube.com/c/Bybit"},{"id":"discord_profile","value":"https://discord.com/invite/CeGhhS95fQ"},{"id":"reddit_profile","value":"https://www.reddit.com/r/Bybit/"},{"id":"telegram_profile","value":"https://t.me/BybitEnglish"},{"id":"tiktok_profile","value":"https://www.tiktok.com/@bybit_official"},{"id":"references","value":"[{\"id\":\"vkalrue5eb\",\"url\":\"https://www.coingecko.com/en/exchanges/bybit\",\"description\":\"coingecko - ByBit\",\"timestamp\":1712590857970},{\"id\":\"44oow96yaok\",\"url\":\"https://thefintechtimes.com/bybit-qa-the-next-step-in-crypto-trading/\",\"description\":\"thefintechtimes - bybit Q&A\",\"timestamp\":1712592309215},{\"id\":\"zxvc38fjjyj\",\"url\":\"https://www.bybit.com/en/promo/global/aboutus/\",\"description\":\"Bybit - About Us\",\"timestamp\":1712592662241},{\"id\":\"mkrjckdusnb\",\"url\":\"https://www.fxempire.com/news/article/cryptocurrency-trading-contest-offers-1-8-million-prize-fund-661289\",\"description\":\"fxempire - Bybit World series of trading contest\",\"timestamp\":1712593046132},{\"id\":\"ch88cpy03b\",\"url\":\"https://thefintechtimes.com/bybit-announces-entrance-into-crypto-spot-trading-market/\",\"description\":\"thefintechtimes - entrance to spot trading\",\"timestamp\":1712593662523},{\"id\":\"awpc78yjvzi\",\"url\":\"https://www.financemagnates.com/cryptocurrency/news/crypto-derivatives-exchange-bybit-launches-spot-trading/\",\"description\":\"financemagnates - spot trading entrance\",\"timestamp\":1712593686553},{\"id\":\"alsek046cp\",\"url\":\"https://www.unicef.org/vietnam/press-releases/bybit-partners-unicef-empower-girls-education-east-asia-and-pacific\",\"description\":\"unicef - Bybit partnership\",\"timestamp\":1712593711148},{\"id\":\"1phrcg2bozr\",\"url\":\"https://cointelegraph.com/news/bybit-crypto-exchange-to-impose-kyc-rules\",\"description\":\"cointelegraph - Bybit KYC rules\",\"timestamp\":1712593727823},{\"id\":\"cvopso0w6he\",\"url\":\"https://www.coindesk.com/markets/2021/03/15/bybit-climbs-past-cme-to-become-second-largest-bitcoin-futures-exchange/\",\"description\":\"coindesk - bybit becomes second-largest bitcoin futures exchange\",\"timestamp\":1712593757142},{\"id\":\"9c30mxz6zb\",\"url\":\"https://blog.bybit.com/en/post/our-p2p-platform-is-here--blte1bc2029546f7b6f/\",\"description\":\"blog - P2P is here\",\"timestamp\":1712595164339},{\"id\":\"t3j3gmtk1e9\",\"url\":\"https://blog.bybit.com/en/post/bybit-launches-nft-marketplace--blt2b9c50842817bbb3/\",\"description\":\"blog - NFT marketplace launch\",\"timestamp\":1712595243465},{\"id\":\"fthe9p6xcp\",\"url\":\"https://blog.bybit.com/en/post/bybit-year-3-review-bltb5ccf7cbf16bdfce/\",\"description\":\"blog - 3 year review in 2022\",\"timestamp\":1712595261744},{\"id\":\"j8atb2ja2o\",\"url\":\"https://blog.bybit.com/en/post/this-just-in-bybit-is-coming-to-dubai--blt566e59d84a932b51/\",\"description\":\"blog - welcome to dubai\",\"timestamp\":1712595275843},{\"id\":\"wx4ylw4hur\",\"url\":\"https://blog.bybit.com/en/post/earn-more-with-bybit-liquidity-mining-blt613d58f542af4a39/\",\"description\":\"blog - bybit liquidity minind\",\"timestamp\":1712595297074},{\"id\":\"k4j4haxarpf\",\"url\":\"https://blog.bybit.com/en/post/introducing-copy-trading-copy-trades-effortlessly-blt733e6557f4a85a36/\",\"description\":\"blog - copy trading\",\"timestamp\":1712595308216},{\"id\":\"nn623kyf84\",\"url\":\"https://blog.bybit.com/en/post/introducing-bybit-s-custodial-trading-subaccount-bltdd6f92282e786b36/\",\"description\":\"blog - custodial trading subaccounts\",\"timestamp\":1712595330374},{\"id\":\"5imaq3nkwtw\",\"url\":\"https://www.bybit.com/en/help-center/article/P2P-on-Bybit-FAQ\",\"description\":\"help center - P2P on Bybit intro\",\"timestamp\":1712597285045},{\"id\":\"awjpc4v12gh\",\"url\":\"https://www.bybit.com/en/nft/about-us/?tab=nft\",\"description\":\"bybit - nft marketplace about us\",\"timestamp\":1712598221666},{\"id\":\"drnrtyfn6i6\",\"url\":\"https://www.bybit.com/en/help-center/article/Bybit-NFT-FAQ\",\"description\":\"help center - NFT\",\"timestamp\":1712598238887},{\"id\":\"s60vn34ki6c\",\"url\":\"https://www.bybit.com/en/help-center/article/An-Introduction-to-the-Bybit-NFT-Marketplace\",\"description\":\"help center - introduction to nft marketplace\",\"timestamp\":1712598254509},{\"id\":\"8r2hohac39k\",\"url\":\"https://www.bybit.com/en/help-center/article/Differences-Between-Bybit-Earn-Products\",\"description\":\"help center - bybit earn differences\",\"timestamp\":1712599308194},{\"id\":\"npt5l2lg8k\",\"url\":\"https://blog.bybit.com/en/post/introducing-copy-trading-copy-trades-effortlessly-blt733e6557f4a85a36/\",\"description\":\"blog - copy training\",\"timestamp\":1712600156662},{\"id\":\"bugit3qw0t\",\"url\":\"https://www.bybit.com/en/help-center/article/Introduction-to-Copy-Trading-on-Bybit\",\"description\":\"help center - copy trading intro\",\"timestamp\":1712600231526},{\"id\":\"gfbxer4t2pc\",\"url\":\"https://www.bybit.com/en/help-center/article/Introduction-to-Bybit-Unified-Trading-Account\",\"description\":\"help center - Bybit UTA intro\",\"timestamp\":1712600926082},{\"id\":\"csb8fwv5b6q\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-Unified-Trading-Account\",\"description\":\"help center - UTA FAQ\",\"timestamp\":1712600976763},{\"id\":\"v87bxxbcpbr\",\"url\":\"https://www.bybit.com/en/help-center/article/Difference-between-Bybit-Trading-Bot\",\"description\":\"help center - Trading Bot intro\",\"timestamp\":1712601267666},{\"id\":\"0s1rvs1q484k\",\"url\":\"https://www.bybit.com/en/help-center/article/Introduction-to-Bybit-Card\",\"description\":\"help center - Bybit card intro\",\"timestamp\":1712601638397},{\"id\":\"xtfmofkqq4j\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-Bybit-Card-General-Inquiries\",\"description\":\"help center - bybid card faq\",\"timestamp\":1712601656033},{\"id\":\"uo6i16qnup\",\"url\":\"https://www.bybit.com/fiat/cards\",\"description\":\"bybit - bybit card homepage\",\"timestamp\":1712601684271},{\"id\":\"qj1teibfrd\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-Bybit-Web3\",\"description\":\"help center - web3 faq\",\"timestamp\":1712602139503},{\"id\":\"pn1po7u569o\",\"url\":\"https://www.bybit.com/en/help-center/article/Introduction-to-Bybit-Web3\",\"description\":\"help center - web3 intro\",\"timestamp\":1712602153457},{\"id\":\"oiwcd65ze9b\",\"url\":\"https://blog.bybit.com/en/post/inside-bybit-bybit-s-bi-annual-transparency-report-bltd4926c2a724afadb/\",\"description\":\"blog - bi-annual report 2023 \",\"timestamp\":1712602674654},{\"id\":\"2glexxxzwra\",\"url\":\"https://blog.bybit.com/en/post/-thecryptoark-keynote-ben-unveils-bybit-s-vision-and-innovations-for-2024-blt347905c8a16294a8/\",\"description\":\"blog - Vision for 2024\",\"timestamp\":1712603053950},{\"id\":\"lwc1hp5vx3\",\"url\":\"https://blog.bybit.com/en/post/unveiling-bybit-nft-pro-decentralize-your-creativity-blt2f24ff459593fe89/\",\"description\":\"blog - NFT pro discussions\",\"timestamp\":1712603069543},{\"id\":\"iz5y5cfoofo\",\"url\":\"https://www.bybit.com/en/help-center/article/Launchpad-FAQ-USDT-Subscription-method\",\"description\":\"help center - LaunchPad USDT\",\"timestamp\":1712835514040},{\"id\":\"ct8qitn7eg\",\"url\":\"https://www.bybit.com/en/help-center/article/Launchpad-FAQ-MNT-Subscription-method\",\"description\":\"help center - LaunchPad MNT\",\"timestamp\":1712835536510},{\"id\":\"26j49s1alr8\",\"url\":\"https://www.bybit.com/en/help-center/article/Launchpool-FAQ\",\"description\":\"help center - Launchpool\",\"timestamp\":1712835569138},{\"id\":\"1cx0vbddlp2\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-ByStarter\",\"description\":\"help center - ByStarter\",\"timestamp\":1712835590603},{\"id\":\"4cy4ytiptbl\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-ByVotes-Spot\",\"description\":\"help center - ByVotes Spot\",\"timestamp\":1712835633996},{\"id\":\"7tmzg9fil1k\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-ByVotes-Derivatives\",\"description\":\"help center - ByVotes Derivatives\",\"timestamp\":1712835648278},{\"id\":\"e35fulus8m9\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-Token-Splash\",\"description\":\"help center - TokenSplash\",\"timestamp\":1712835662711},{\"id\":\"xei8ah775ua\",\"url\":\"https://www.bybit.com/en/help-center/article/Introduction-to-Trading-API\",\"description\":\"help center - Intro to trading API\",\"timestamp\":1712837027423},{\"id\":\"lbgitatu6zs\",\"url\":\"https://www.bybit.com/en/help-center/article/How-to-retrieve-API-documentations\",\"description\":\"help center - retrieve API docs\",\"timestamp\":1712837045792},{\"id\":\"me8eglyodqt\",\"url\":\"https://bybit-exchange.github.io/docs/v5/intro\",\"description\":\"API docs - Intro\",\"timestamp\":1712837058402},{\"id\":\"zwa0i6sk5rl\",\"url\":\"https://www.bybit.com/en/help-center/article/FAQ-Block-Trades-Partner-with-Paradigm\",\"description\":\"help center - block trades\",\"timestamp\":1712837075109},{\"id\":\"eskqvazoulp\",\"url\":\"https://learn.bybit.com/trading/what-is-wsot/\",\"description\":\"bybit learn - what is wsot\",\"timestamp\":1712838077615},{\"id\":\"owkhaal2cje\",\"url\":\"https://www.bybit.com/en/wsot2022/\",\"description\":\"bybit wsot website\",\"timestamp\":1712838087675},{\"id\":\"nv02l5ai0hi\",\"url\":\"https://cryptopotato.com/bybit-announces-world-series-of-trading-with-8-million-in-prize-pool/\",\"description\":\"cryptopotato - wsot 2023\",\"timestamp\":1712838100690},{\"id\":\"yy699ltnge\",\"url\":\"https://www.bvb.de/eng/News/Overview/Bybit-becomes-new-International-Champion-Partner-of-Borussia-Dortmund/\",\"description\":\"bvb - Bybit x BVB\",\"timestamp\":1712840639442},{\"id\":\"mxiscsgfjn\",\"url\":\"https://blog.bybit.com/en/post/game-on-bybit-and-borussia-dortmund-kick-off-international-champion-partnership-blt4f237b71703f6589/\",\"description\":\"blog - Bybit x BVB\",\"timestamp\":1712840658632},{\"id\":\"9tfvsgb14xd\",\"url\":\"https://www.afa.com.ar/es/posts/afa-presenta-a-bybit-como-nuevo-main-sponsor-global-de-las-selecciones-nacionales\",\"description\":\"afa - Bybit x AFA\",\"timestamp\":1712842014092},{\"id\":\"dnwv8yt3b3g\",\"url\":\"https://dotesports.com/business/news/virtus-pro-signs-3-year-deal-with-crypto-exchange-bybit\",\"description\":\"dotesports - Bybit x Virtus.pro\",\"timestamp\":1712843179372},{\"id\":\"n3tkmzm96h\",\"url\":\"https://esportsbureau.com/virtus-pro-anuncia-a-bybit-como-patrocinador-durante-3-anos/\",\"description\":\"esportsbureau - Bybit x Virtus.pro\",\"timestamp\":1712843208745},{\"id\":\"4mbbqifa8p\",\"url\":\"https://dotesports.com/business/news/astralis-unveils-partnership-with-crypto-exchange-bybit\",\"description\":\"dotesports - Bybit x Astralis\",\"timestamp\":1712843766420},{\"id\":\"mc4zzhsuufl\",\"url\":\"https://blog.bybit.com/en/post/bybit-x-astralis-next-level-championship-blt1a3b4bf546730049/\",\"description\":\"blog - Bybit x Astralis\",\"timestamp\":1712843786574},{\"id\":\"t4g3eu70tuj\",\"url\":\"https://www.redbullracing.com/int-en/oracle-red-bull-racing-gears-up-to-the-next-level-as-bybit-joins-the-charge\",\"description\":\"redbull - Bybit x Redbull\",\"timestamp\":1712844311634},{\"id\":\"p6ga2860dps\",\"url\":\"https://blog.bybit.com/en/post/oracle-red-bull-racing-esports-x-bybit-globull-competition-blt8afe42df0eca210e/\",\"description\":\"blog - Bybit x Redbull\",\"timestamp\":1712844328630},{\"id\":\"arfn2uda9jo\",\"url\":\"https://cointelegraph.com/news/bybit-exchange-halts-operations-france\",\"description\":\"Bybit exchange halts operations in France\\n\",\"timestamp\":1722591753680},{\"url\":\"https://cointelegraph.com/news/bybit-shuts-down-its-nft-marketplace\",\"description\":\"Bybit to shut down NFT marketplace\",\"id\":\"Jlc5wajnW6\",\"timestamp\":1743525741050},{\"url\":\"https://www.coindesk.com/markets/2025/04/21/over-usd380m-worth-of-crypto-stolen-during-bybit-s-usd1-4b-hack-has-gone-dark\",\"description\":\"Coindesk - ByBit hack updates\",\"id\":\"GOA9uIhWlE\",\"timestamp\":1745230677110},{\"url\":\"https://x.com/benbybit/status/1914155633781469371\",\"description\":\"Tweet - Executive Summary on Hacked Funds:\",\"id\":\"nxsHGfGxxE\",\"timestamp\":1745230748389},{\"id\":\"f2timQMFWI\",\"description\":\"ByBit launches advanced solana...\",\"timestamp\":1750073358680,\"url\":\"https://cointelegraph.com/news/bybit-launch-advanced-solana-based-dex-byreal\"},{\"id\":\"UG7gUJtat5\",\"description\":\"Bybit launches solana native on...\",\"timestamp\":1750073388444,\"url\":\"https://cryptoslate.com/bybit-launches-solana-native-on-chain-dex-byreal-as-average-global-swap-volume-jumps-16/\"},{\"id\":\"pNS0WWxF7HIvzfbA\",\"url\":\"https://www.bybit.com/en/\",\"description\":\"Bybit - Homepage stats\",\"timestamp\":1772542467621},{\"id\":\"rdkC39EYcSrNERNF\",\"url\":\"https://www.bybit.com/en/help-center/topic-list/p2p-trading#get\\\\_started\\\\_with\\\\_p2p\\\\_trading\",\"description\":\"help center - p2p trading\",\"timestamp\":1772542467621},{\"id\":\"YcItSHBbsoEnCXV7\",\"url\":\"https://www.bybit.com/fiat/trade/otc/?actionType=1\\\\&token=USDT\\\\&fiat=HKD\\\\&paymentMethod=\",\"description\":\"bybit - p2p trading\",\"timestamp\":1772542467621},{\"id\":\"SssfU9ejzNaVlaTW\",\"url\":\"https://www.bybit.com/en/help-center/topic-list/bybit-earn#earn\\\\_overview\",\"description\":\"help center - Bybit Earn\",\"timestamp\":1772542467621},{\"id\":\"11hsoeHrKhQP5DVy\",\"url\":\"https://www.bybit.com/en/help-center/topic-list/copy-trading#bybit\\\\_copy\\\\_trading\",\"description\":\"help center - copy trading\",\"timestamp\":1772542467621},{\"id\":\"gW5R9eTfHqNADPxJ\",\"url\":\"https://www.bybit.com/en/help-center/topic-list/unified-trading-account#bybit\\\\_unified\\\\_trading\\\\_account\",\"description\":\"help center - unified trading account\",\"timestamp\":1772542467621},{\"id\":\"na5NVy5RyNU9qmJ2\",\"url\":\"https://www.bybit.com/en/help-center/topic-list/trading-bot#trading\\\\_bot\\\\_overview\",\"description\":\"help center - Trading Bot\",\"timestamp\":1772542467621},{\"id\":\"Hl9dFEMsbKGplp5m\",\"url\":\"https://www.bybit.com/en/help-center/topic-list/bybit-card#bybit\\\\_card3\",\"description\":\"help center - Bybit card\",\"timestamp\":1772542467621},{\"id\":\"7zGf3GNltMsTLH38\",\"url\":\"https://www.bybit.com/en/help-center/topic-list/web-3#web3\\\\_overview\",\"description\":\"help center - web3 \",\"timestamp\":1772542467621},{\"id\":\"UvDyDPUiqVKbZQ8l\",\"url\":\"https://cointelegraph.com/news/ai-driven-onchain-monitoring-300m-losses-bybit\",\"description\":\"AI-driven onchain monitoring saves $300M\",\"timestamp\":1772542467621}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmTn9En5TkVEMDQNAqJGUZoFmUEpi5xzR7uDkCHDu5XyhD\""},{"id":"commit-message","value":"\"Removed introduction and overview content\""},{"id":"previous_cid","value":"QmTn9En5TkVEMDQNAqJGUZoFmUEpi5xzR7uDkCHDu5XyhD"}],"events":[{"id":"79dcf14d-27df-466e-93c8-a149ce28c447","date":"2018-03-01","title":"ByBit founded","type":"CREATED","description":"Bybit was founded","link":"https://www.coingecko.com/en/exchanges/bybit","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"90a21506-df74-4852-8349-09a26201edb2","date":"2018-12-01","title":"Official Launch","type":"DEFAULT","description":"ByBIt Exchange was launched","link":"https://thefintechtimes.com/bybit-qa-the-next-step-in-crypto-trading/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"36193759-79ea-4e4c-ab30-d2a1111e86cf","date":"2024-08-01","title":"ByBit Halts Operations in France","type":"DEFAULT","description":"On August 1, 2024, ByBit announced the halting of operations in France and the restriction of account features for French users. ","link":"https://cointelegraph.com/news/bybit-exchange-halts-operations-france","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xf32ECD5c8f5633212f1a25A3931aDDc0CEc42938"},"operator":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":["ben-zhou"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"43a10c94-c4cc-4440-94e5-66e90b8aa2b4\",\"title\":\"ByBit\",\"description\":\"Bybit is a professional cryptocurrency exchange platform, founded in 2018, offering trading options for over 1,000 cryptocurrencies and serving 20 million users...\",\"timestamp\":\"2026-03-03T15:32:33.832Z\",\"category\":\"Exchanges\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0xf32ECD5c8f5633212f1a25A3931aDDc0CEc42938\",\"address\":\"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Content\",\"subtitle\":\"Minor text and citation adjustments were made across multiple sections.\",\"variant\":\"modified\",\"changeCount\":4,\"changes\":[\"Removed a citation from the introductory paragraph.\",\"In the 'History - 2021' section, the daily trading volume milestone was updated from '$70 billion' to '800,000 in Bitcoin'.\",\"The 'History - 2024' section was updated to include that the platform was awarded \\\"Best Blockchain Company of the Year 2024\\\" and reported a trading volume of over $23 billion by early 2026.[[64]](#cite-id-pNS0WWxF7HIvzfbA)\",\"In the 'Developments' section under 'Bybit Launches Solana-Based DEX ‘ByStarter’', the quote from the CEO was modified to link to the Solana wiki page.\"]},{\"title\":\"AI-Driven Risk Monitoring System\",\"subtitle\":\"A new section was added under 'Developments' describing Bybit's AI risk monitoring system.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a new subsection detailing the implementation of an AI-assisted risk monitoring system in late 2025, which helped disrupt or block transactions totaling over 500 million.[[73]](#cite-id-UvDyDPUiqVKbZQ8l)\"]},{\"title\":\"Links\",\"subtitle\":\"Added internal links to several entities across multiple sections.\",\"variant\":\"modified\",\"changeCount\":6,\"changes\":[\"Added a link to 'Oracle' in the 'History - 2022' section.\",\"Added a link to 'Meanwhile' in the 'Copy Trading Platform' section.\",\"Added links to 'Paradigm' in the 'V5 API' section.\",\"Added a link to 'Ben Zhou' in the 'ByBit x BVB' partnership section.\",\"Added a link to 'Ben Zhou' in the 'ByBit x Argentine Football Association' partnership section.\",\"Added a link to 'Oracle' in the 'ByBit x RedBull' partnership section.\"]},{\"title\":\"Metadata\",\"subtitle\":\"Updated metadata to include edit statistics and removed an obsolete field.\",\"variant\":\"modified\",\"changeCount\":5,\"changes\":[\"Removed the 'speakers' field.\",\"Added the 'words-changed' field with a value of '340'.\",\"Added the 'percent-changed' field with a value of '4.44'.\",\"Added the 'blocks-changed' field with a value of 'content, tags'.\",\"Added the 'wiki-score' field with a value of '94'.\"]},{\"title\":\"References\",\"subtitle\":\"Updated the list of references, removing several and adding new sources.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed multiple obsolete references, including one for Bybit's 'Crypto Ark'.\",\"Added new references for recent developments, updated product information, and homepage statistics.\"]}]}]}"}