Bybit Celebrates Sixth Anniversary: A Remarkable Journey Driving the Future of the Digital Economy
Source: Bybit

Bybit, the world's second-largest cryptocurrency exchange by trading volume, is celebrating its sixth anniversary, looking back on a journey full of innovation, resilience, and growth that has redefined the future of the cryptocurrency industry.
Bybit's rapid ascent in the cryptocurrency world is evidenced by its significant achievements. Over the past year, Bybit's registered user base has surged from 20 million at its fifth anniversary to nearly 60 million, showcasing its ability to attract and retain a rapidly growing global user base. In the third quarter of 2024, Bybit's average daily trading volume reached $33 billion, and in August 2024, it hit a record high daily trading volume of $100 billion. This growth has elevated Bybit's spot market share from 7th place last year (3.2%) to 2nd place in 2024 (8.51%). Furthermore, Bybit's share in the derivatives market has increased from 6% to 15%, demonstrating its strong product offerings and strategic progress.
Reflecting on Bybit's remarkable transformation journey, Ben Zhou, Co-Founder and CEO of Bybit, stated: "Bybit's growth story is a transformative journey. Over the past six years, we have not only achieved numerous milestones but also redefined the possibilities of the crypto industry. With innovation, trust, and inclusivity as our mission, Bybit is committed to shaping the future of Web3, providing support for millions of people globally to participate in the digital economy. We are collectively building a world full of endless possibilities."
Innovation Driving Transformation Innovation has always been the cornerstone of Bybit's success. The platform has launched many groundbreaking products, such as the first liquidity staking token (LST) bbSOL on its Web3 staking platform and the advanced decentralized trading solution DEX Pro, which successfully bridged the gap between centralized exchange platforms (CEX) and decentralized exchange platforms (DEX). These innovations were prominently showcased during the 2024 WSOT DEX Wave event, highlighting Bybit's ability to integrate CEX and DEX platforms.
Leading the Web3 Ecosystem
Bybit's leadership in the Web3 ecosystem is also demonstrated by its rapid market share growth. For example, its market share within the TON ecosystem increased from 3% in early 2023 to 17% by the end of 2024. This significant growth reflects Bybit's commitment to adapting to the ever-evolving cryptocurrency market environment and providing cutting-edge solutions.
Earlier this year, Bybit became the first exchange to complete a token distribution through an airdrop for the Catizen ($CATI) token, part of the Telegram-based "play-to-earn" game Catizen. The successful completion of these complex airdrop operations showcased Bybit's robust technological infrastructure and its dedication to driving Web3 development.
Global Compliance and Community Commitment
Bybit's "compliance-first" strategy has seen it obtain licenses in multiple global jurisdictions, including Argentina, the Netherlands, Kazakhstan, Georgia, Lithuania, Turkey, and Dubai. Furthermore, Bybit was the first to launch globally compliant Islamic accounts in the cryptocurrency exchange space, further expanding the accessibility of its services. These efforts exemplify Bybit's vision to build trust and foster a vibrant Web3 ecosystem.
In 2024, Bybit made significant strides in advancing the blockchain community: as an active contributor to the Blockchain for Good Alliance (BGA), Bybit has onboarded over 100 partners and attracted over 1000 participants to its latest hackathon event. The BGA Web3 Oscars were recently held in Bangkok, recognizing seven outstanding projects leveraging blockchain technology for sustainability. Additionally, as the title sponsor of the 2024 Crypto Content Creator Campus, Bybit brought together over 200 creators, providing strong support for the next wave of crypto content innovators.
On the occasion of its sixth anniversary, Bybit remains steadfast in its mission to "build, transform, and accelerate" the crypto and Web3 ecosystem. Bybit's journey of innovation and trust heralds a hopeful future as it continues to steer the course of the digital economy.
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Founded in 2018, Bybit has provided cryptocurrency investors and traders with a professional platform enabling them to access a super-fast matching engine, 24/7 customer support, and a multilingual community. Bybit is a partner of the Formula 1 Red Bull Racing Team and its driver champions.
This article is contributed content and does not represent the views of BlockBeats.
You may also like

Russia’s Largest Bitcoin Miner BitRiver Faces Bankruptcy Crisis – What Went Wrong?
Key Takeaways BitRiver, the largest Bitcoin mining operator in Russia, faces a bankruptcy crisis due to unresolved debts…

Polymarket Predicts Over 70% Chance Bitcoin Will Drop Below $65K
Key Takeaways Polymarket bettors forecast a 71% chance for Bitcoin to fall below $65,000 by 2026. Strong bearish…

BitMine Reports 4.285M ETH Holdings, Expands Staked Position With Massive Reward Outlook
Key Takeaways BitMine Immersion Technologies holds 4,285,125 ETH, which is approximately 3.55% of Ethereum’s total supply. The company…

US Liquidity Crisis Sparked $250B Crash, Not a ‘Broken’ Crypto Market: Analyst
Key Takeaways: A massive $250 billion crash shook the cryptocurrency markets, attributed largely to liquidity issues in the…

Vitalik Advocates for Anonymous Voting in Ethereum’s Governance — A Solution to Attacks?
Key Takeaways Vitalik Buterin proposes a two-layer governance framework utilizing anonymous voting to address collusion and capture attacks,…

South Korea Utilizes AI to Pursue Unfair Crypto Trading: Offenders Face Severe Penalties
Key Takeaways South Korea is intensifying its use of AI to crack down on unfair cryptocurrency trading practices.…

Average Bitcoin ETF Investor Turns Underwater After Major Outflows
Key Takeaways: U.S. spot Bitcoin ETFs hold approximately $113 billion in assets, equivalent to around 1.28 million BTC.…

Japan’s Biggest Wealth Manager Adjusts Crypto Strategy After Q3 Setbacks
Key Takeaways Nomura Holdings, Japan’s leading wealth management firm, scales back its crypto involvement following significant third-quarter losses.…

CFTC Regulatory Shift Could Unlock New Opportunities for Coinbase Prediction Markets
Key Takeaways: The U.S. Commodity Futures Trading Commission (CFTC) is focusing on clearer regulations for crypto-linked prediction markets,…

Hong Kong Set to Approve First Stablecoin Licenses in March — Who’s In?
Key Takeaways Hong Kong’s financial regulator, the Hong Kong Monetary Authority (HKMA), is on the verge of approving…

BitRiver Founder and CEO Igor Runets Detained Over Tax Evasion Charges
Key Takeaways: Russian authorities have detained Igor Runets, CEO of BitRiver, on allegations of tax evasion. Runets is…

Crypto Investment Products Struggle with $1.7B Outflows Amid Market Turmoil
Key Takeaways: The recent $1.7 billion outflow in the crypto investment sector represents a second consecutive week of…

Why Is Crypto Down Today? – February 2, 2026
Key Takeaways: The crypto market has seen a downturn today, with a significant decrease of 2.9% in the…

Nevada Court Temporarily Bars Polymarket From Offering Contracts in the State
Key Takeaways A Nevada state court has temporarily restrained Polymarket from offering event contracts in the state, citing…

Bitcoin Falls Below $80K As Warsh Named Fed Chair, Triggers $2.5B Liquidation
Key Takeaways Bitcoin’s price tumbled below the crucial $80,000 mark following the announcement of Kevin Warsh as the…

Strategy’s Bitcoin Holdings Face $900M in Losses as BTC Slips Below $76K
Key Takeaways Strategy Inc., led by Michael Saylor, faces over $900 million in unrealized losses as Bitcoin price…

Trump-Linked Crypto Company Secures $500M UAE Investment, Sparking Conflict Concerns
Key Takeaways A Trump-affiliated crypto company, World Liberty Financial, has garnered $500 million from UAE investors, igniting conflict…

Billionaire Michael Saylor’s Strategy Buys $75M of More Bitcoin – Bullish Signal?
Key Takeaways Michael Saylor’s firm, Strategy, has significantly increased its Bitcoin holdings by acquiring an additional 855 BTC…
Russia’s Largest Bitcoin Miner BitRiver Faces Bankruptcy Crisis – What Went Wrong?
Key Takeaways BitRiver, the largest Bitcoin mining operator in Russia, faces a bankruptcy crisis due to unresolved debts…
Polymarket Predicts Over 70% Chance Bitcoin Will Drop Below $65K
Key Takeaways Polymarket bettors forecast a 71% chance for Bitcoin to fall below $65,000 by 2026. Strong bearish…
BitMine Reports 4.285M ETH Holdings, Expands Staked Position With Massive Reward Outlook
Key Takeaways BitMine Immersion Technologies holds 4,285,125 ETH, which is approximately 3.55% of Ethereum’s total supply. The company…
US Liquidity Crisis Sparked $250B Crash, Not a ‘Broken’ Crypto Market: Analyst
Key Takeaways: A massive $250 billion crash shook the cryptocurrency markets, attributed largely to liquidity issues in the…
Vitalik Advocates for Anonymous Voting in Ethereum’s Governance — A Solution to Attacks?
Key Takeaways Vitalik Buterin proposes a two-layer governance framework utilizing anonymous voting to address collusion and capture attacks,…
South Korea Utilizes AI to Pursue Unfair Crypto Trading: Offenders Face Severe Penalties
Key Takeaways South Korea is intensifying its use of AI to crack down on unfair cryptocurrency trading practices.…