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Tag Archives: Bybit

Crypto Trading Volume Declined for Third Consecutive Month in June: CCData

Trading volume on centralized exchanges declined 21.8% in June, marking the third consecutive month of diminishing activity since March. According to a report by CCData released on July 17, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March. Open Interest and CME Declines The report highlighted several key factors contributing to this decline. One major factor was a notable...

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Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report

Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held 48,298 BTC against a user balance of 44,872 BTC as of July 10th. The exchange’s wallets also contain 438,107 ETH and...

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Bybit Enters Switzerland’s Crypto Market via Dual Sponsorship amid MiCA Regulation Implementation

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Bybit is Now the Second-Largest Crypto Exchange: Kaiko

The Singapore-based cryptocurrency exchange Bybit has overtaken its rival, the U.S.-based Coinbase, to become the second-largest digital asset trading platform after Binance. According to a press release citing a report from crypto analytics platform Kaiko, Bybit’s market share has surged from 8% to 16% since October 2023, while Coinbase’s share increased by 1% over the same period. Due to the steady growth, Bybit surpassed Coinbase in March to become the second-largest...

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