what's bybit?
Bybit is a global cryptocurrency exchange platform founded in 2018, headquartered in Dubai, specializing in derivatives trading including perpetual contracts, futures, and options with up to 100x leverage. It also supports spot trading, NFT marketplace access, and earn products like staking and savings for various cryptocurrencies. The platform emphasizes user-friendly interfaces, high liquidity, and advanced trading tools such as copy trading and trading bots. Bybit serves over 20 million users worldwide and has expanded into Web3 services, including wallet integrations and blockchain ecosystem support. It promotes partnerships with projects like Mantle ($MNT) for trading incentives, though $MNT is not its native token. Recent activities include liquidity provisions during market events and regulatory compliance efforts amid allegations of market manipulation.
Bybit's PoR shows mixed holdings; listed US equities, launched VIP program, facing insolvency rumors.
Links
x.com/bybit_officialCollaborated with Aave to enable Aave's deployment on Mantle.
Lists AZTEC token for spot trading.
Launched ESP/USDT Pre-Market Perpetual trading on February 10, 2026, at 10:10 AM UTC.
Experienced a hack where the attacker compromised Safe's front-end.
Offers a savings product with up to 11% APY on gold deposits with no lockup period and flexible withdrawals.
Enabled NIGHT token deposits on BNB Smart Chain Network, with withdrawals to open once liquidity requirements are met.
Runs XAUUSD+ price prediction contest from February 9-15, 2026, offering 30 prizes of 10 USDT each for predicting the closing price on February 16, 2026.
Mentioned as a supported exchange for withdrawing XRP and RLUSD to external wallets in a guide about Doppler Finance yield vaults.
Released 28th Proof of Reserves report with snapshot date January 27, 2026, showing user BTC holdings at approximately 60,500 BTC (down 4.25% from December 17), user ETH holdings at approximately 470,000 ETH (down 12.44%), and user USDT holdings at approximately 6.226 billion USDT (up 2.88%).
Sold 7,800 BTC in a 30-minute period on February 5, 2026.
Listed three U.S. equities (MU, COHR, LITE) on Bybit TradFi, powered by Infra Capital (Mauritius FSC licensed).
Rumors circulate alleging insolvency, prompting warnings to withdraw funds from the exchange.
Launched a VIP reactivation program offering up to 3% extra APR on new net deposits and access to a 2,000,000 USDT trading rewards pool for former VIP users.
Presented at India Digital Summit 2026 in Bengaluru on February 3, 2026, with Senior Director of Policy sharing insights on AI's role in finance security, compliance, and customer experiences.
Partnered with AltCryptoGems and AltCryptoCast.
Hosts a HotSpot campaign offering 25,000 ZETA tokens as rewards for completing tasks, running until February 9, 2026, 9:59 AM UTC.
Listed TRIA token on Bybit Spot trading.
Listing PENGUIN token on the Bybit spot trading platform, with deposit and trading functionality enabled.
Listed INX perpetual contract (INXUSDT) on pre-market platform starting January 29, 2026, at 9:30 AM UTC.
Enabled deposits for 0G token on Zero Gravity Network, with withdrawals to open once liquidity requirements are met.
Referenced as a potential takeover target in 2026 market speculation, with hypothetical HYPE token price targets above $60 if Hyperliquid captures Bybit's market share.
Optimized Mark Price mechanism and introduced a new insurance pool to reduce the frequency of Auto-Deleveraging (ADL) following October 11 market volatility review.
Plans to launch "MyBank" accounts offering USD and other fiat holdings with IBANs for transfers across 18 currencies, in partnership with banks, with rollout expected in February 2026 pending approvals.
Offers full deposit and withdrawal support for MNT on Solana.
Mentioned as a supported withdrawal destination for Hurupay's stablecoin neobank platform alongside Binance and Coinbase.
A newly created wallet withdrew 800 XAUT (worth $4.22M) from Bybit on 2026-01-28 at approximately 02:48 UTC.
Launched a trading and deposit promotion with a 4,000,000 BIRB prize pool for users trading or depositing BIRB.
Listed BIRB token for spot trading on Bybit, Alpha, and Byreal platforms.
Enabled direct AED deposits from UAE bank accounts, offering over AED 300 in rewards for depositing AED 400. Launched AED trading pairs on the platform.
Lists USA₮ (USAT), a new federally regulated dollar-backed stablecoin issued by Anchorage Digital Bank under the GENIUS Act framework.
Bybit recorded 3.3 million weekly visits, ranking 7th among major crypto exchanges by this metric.
Offers a $100 XAUT-USDT Trial Fund incentive program for users who deposit $100 and trade $500.
Recorded over $250 million in newly minted mETH on the platform within a 30-day period.
Listed PYBOBO token on Bybit Spot trading.
Running a creator rewards program for crypto-experienced content creators from January 26, 2026 until February 22, 2026.
Received a deposit of 200,000 SOL (approximately $25.44M) from Galaxy Digital on 2026-01-25.
A Pendle investor or team address transferred 1.8 million PENDLE tokens (worth $3.83 million) to Bybit on January 22, 2026, after holding them for three years since unlocking from the vesting contract between April 2022 and April 2023.
Powers cash prizes for Fantasy Crypto League (FCL), a prediction-style crypto fantasy game created by CastilloTrading, offering thousands in official prizes and community league rewards.
Running a 200,000 SKR giveaway campaign in partnership with Solana Mobile for users trading SKR via Spot or Convert, ending on 2026-01-28 at 10:00 UTC.
Supports deposits and withdrawals for XAUT0 on the Monad network.
Lists Seeker (SKR) token on spot trading.
Enables access to XAUT (Tether Gold) on Mantle Network with lower fees and faster transfers.
Listed SPORTFUN futures trading.
Listed IMU (Immunefi token) for spot trading, scheduled for 2026-01-22 at 14:00 UTC.
Hosting a live keynote event with CEO on January 29, 2026 at 8AM UTC, featuring a 10,000 USDT giveaway and presenting the company's vision for 2026.
Sold 3,339 BTC within one hour as part of a coordinated market-wide distribution event on January 19, 2026.
Announced token listing for HeyElsaAI.
Relocated headquarters to Dubai, UAE, operating within Dubai's regulatory sandbox through VARA, establishing risk control standards replicated in European, African, and Latin American markets.
Integrated with Replicate to enable copy trading strategies, with traders able to launch and followers able to copy strategies on the platform.
Listed FOGO token for spot trading with pairs launching on 2026-01-15 at 14:00 UTC.
Recorded the highest liquidations among exchanges in the past 24 hours ending January 12, 2026, with total liquidations across Binance, Hyperliquid, and Bybit reaching $135M and affecting 73.9k traders.
Offers up to 10% crypto cashback on eSIM purchases made through Bybit Pay.
Bitcoin taker buy/sell ratio reached 30.33, indicating strong buy-side aggression and market buy pressure.
Ranked third in spot trading volume among mainstream centralized exchanges in December 2025, behind Binance and ahead of Kucoin.
bbSOL ranked No.1 on Arkham Intelligence exchange netflows with $1.08M in inflows over 24 hours, representing a 166% day-over-day increase.
Listed ZAMA token on pre-market trading.
Mantle Vault on Bybit reached $100M in assets under management (AUM).
A wallet associated with RookieXBT transferred 16.6M PENGU (valued at approximately $210,909) to a new wallet that previously deposited SOL into Bybit.
Bybit PWM's top fund achieved 20.30% APR in 2025 through diversified USDT and BTC strategies.
Listed WHITEWHALE perpetual contract with USDT settlement.
Lists WHITEWHALE token on Spot market as the first listing of 2026.
Added silver trading on Bybit TradFi platform.
Listed BREV token for spot trading.
Accumulated 1,982 BTC on January 3, 2026.
Surpassed by Solana onchain spot volume in total trading volume during 2025, with Solana reaching $1.6 trillion while Bybit was exceeded.
Captured an estimated 1.59 trillion Korean won (~$1.12 billion) in trading fees from South Korean users in 2025, as part of offshore exchanges collectively earning 4.77 trillion won from Korean traders.
Runs a trading competition with $1,000 MNT in rewards distributed to 10 winners, ending on 2026-01-08.
Helen Liu serves as Co-CEO and Group Partner.
Runs a promotion until February 10, 2026 offering users who deposit USD via StraitsX (SWIFT) for 1:1 USD to XUSD conversion a share of 50,000 XUSD plus winter merchandise.
Conducted an airdrop through post-to-earn activities on Kaito platform in 2025.
Combined perpetual futures open interest across Bybit, Binance, and OKX was surpassed by regulated BTC, ETH, SOL, and XRP ETF options open interest for the first time.
Captured 11% market share of the crypto derivatives market in 2025, with total derivatives market volume reaching approximately $85.7 trillion for the year.
Released 29th Proof of Reserves report with snapshot date December 17, 2025, showing user BTC holdings at approximately 63,000 BTC (down 5.49% from November 19), user ETH holdings at approximately 537,000 ETH (down 6.67%), and user USDT holdings at approximately 6.05 billion USDT (up 8.13%).
Flagged by the Philippine Securities and Exchange Commission as an unlicensed exchange operating in the country.
Suffered the largest single exchange theft in history in February 2025, losing $1.5 billion with over 400,000 ETH stolen.
Introduces a new insurance fund mechanism for USDT perpetual contracts with a dedicated insurance fund of at least $8 million per new contract, transitioning to a shared composite fund based on risk and liquidity, raising average loss-absorption capacity per trading pair by over 200% compared to the previous single-pair model.
Will gradually exit the Japanese market starting in 2026, with accounts held by Japanese residents facing phased restrictions, following regulatory disputes with Japan's Financial Services Agency over unlicensed operations since 2021.
Offers xStocks tokenized shares of 60+ major U.S. companies and ETFs including Apple, Tesla, NVIDIA, and Amazon, enabling round-the-clock access to equities via crypto rails.
Reached 70 million users.
Launched an earn product offering 8-9% APR that runs the Aavethena strategy for users on the exchange.
Achieved a Guinness World Record during WSOT 2025.
Dragonfly Capital deposited 6,000,000 MNT tokens (approximately $6.95M USD) to Bybit over a 7-day period ending December 21, 2025.
Launched a VIP campaign offering tiered benefits for deposits of at least $80,000 (VIP2) or $100,000 (VIP3), with VIP status activated within 3 days of deposit and valid for 30 days, running for 50 days total.
Relaunched in the UK via Archax with spot and P2P trading, complying with FCA financial promotion rules after exiting in 2023.
Obtained MiCA license in Austria.
Running a Christmas card design promotion with a 50,000 USDT prize pool.
Bybit multi-signature Safe interface was affected by a malicious code injection attack that altered transaction logic, resulting in funds being drained before detection.
Listed VOOI token on Bybit Spot trading with a 7 million VOOI prize pool for trading and deposits.
Hosts a livestream on December 18, 2025 at 8AM UTC focused on $BYUSDT trading benefits and insights for VIP users.
Supports Scroll (SCR) v5.10.0 network upgrade Phase II.
Bought 3,431 BTC on 2025-12-17.
Lists ZKP token for spot trading on the Bybit platform.
Listed SCOR token on Bybit Spot trading with a 25,000,000 SCOR prize pool for trading and deposit activities.
Reward pool of 858,670 USDT available for participants who mint, hold, and trade tokens.
Integration with Volmex Finance completed, bringing their Bitcoin volatility index (BVIV) to the platform.
The CryptoArk mining campaign closes on December 22, with participants able to claim their share of a 300,000 USDT reward pool.
ZIG token lists on the exchange with ZIG Chain deposits enabled.
Bybit celebrates its 7th anniversary with a Mantle-themed segment during Mantle's State of Mind livestream on December 18, 2025, at 7PM UTC+8.
Platform introduces Traders' House, consolidating trading, learning, earning and competition features in one location.
Bybit adds futures trading for $US token from Talus_Labs.