bybit05

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.

Snapshot

Bybit's PoR shows mixed holdings; listed US equities, launched VIP program, facing insolvency rumors.

13H ago
PARTNERSHIP

Partnered with Emirates Red Crescent (ERC) to operate a dedicated Ramadan Tent in Madinat Zayed, Abu Dhabi, providing 200 iftar meals daily throughout Ramadan 2026.

17H ago
RISK ALERT

Intercepted $300 million in impersonation scams and fraudulent withdrawals in Q4 2025.

19H ago
FINANCIAL EVENT

Launched a promotion for TradFi product trading requiring users to sign up, claim a task in Rewards Hub, and trade TradFi products (metals, stocks, indices, forex, commodities) within 14 days ending approximately 2026-03-13 to qualify for rewards.

20H ago
TECH EVENT

Launched UTA Fixed-Rate Borrowing feature offering users fixed rates, terms, and quotas with up to 10× leverage.

1D ago
FINANCIAL EVENT

Runs a referral program offering up to $30 per qualified referral and a lucky draw with prizes up to 1 oz of Gold, ending on 2026-03-25.

FINANCIAL EVENT

Offers an 800,000 USDC prize pool in a trading incentive program ending on 2026-03-06.

ONCHAIN METRICS

Achieved median trading volume of $584M per listing from day one to month three based on 2025 data.

FINANCIAL EVENT

Launched incentive program offering 7,500,000 ROBO prize pool in partnership with OpenMind AGI.

MARKET ACTIVITY

Listed Fabric Protocol (ROBO) on spot trading platform February 27, 2026, with deposits via Ethereum, Base, and BSC chains.

2D ago
MARKET ACTIVITY

Added Congolese Franc (CDF) as a fiat currency option on P2P trading, with a market launch booster campaign offering rewards for first successful CDF buy orders.

ONCHAIN METRICS

Experienced approximately 100% mETH balance growth from December 2025 to January 2026.

3D ago
FINANCIAL EVENT

Runs a meme competition with a 500 USDT prize pool ending on March 11, 2026 at 23:59 UTC.

ONCHAIN METRICS

Reached a BTC taker buy/sell ratio of 13.15 on February 24, 2026.

4D ago
FINANCIAL EVENT

Runs a new user promotion called "7UP" offering a share of 2,000 USDT in rewards for sign-ups with entry numbers that are 7 or multiples of 7, ending on 2026-02-28.

VISIBILITY EVENT

Runs a social media giveaway with a 2000 USDT prize pool for 20 winners from February 4 to February 28, 2026.

PARTNERSHIP

Enabled low-cost stablecoin settlement between Bybit and DeFi via USDT0, built direct liquidity bridge with Mantle.

FINANCIAL EVENT

Launched a Read-to-Earn program with a 1 XAUT prize pool for users who complete educational tasks on Gold hedging and TradFi products, plus a 0.001 XAUT airdrop for new users.

1W ago
VISIBILITY EVENT

Launched Dual Account Modes (Zero-Fee and Tight-Spread) for TradFi product. Hosts educational session February 24, 2026 at 3PM UTC with Chief Market Analyst Han and Product Expert Brandon.

VISIBILITY EVENT

Partnered with Mantle for RWA distribution, with Mantle serving as infrastructure for issuers and focusing on institutional and non-US capital.

PARTNERSHIP

Partnered with Crypto Fund Trader (CFT), providing traders access to virtual capital ranging from $5K to $300K with profit-sharing.

VISIBILITY EVENT

CEO Ben delivered a year-end keynote reviewing 2025 developments and presenting 2026 roadmap, including strategic transition from crypto exchange to comprehensive financial platform.

VISIBILITY EVENT

Became title sponsor of the Stockholm Open tennis tournament, gaining center court and global stage visibility.

WHALE ACTIVITY

Arthur Hayes deposited 1,000 ETH (valued at $1.99M) on February 17, 2026.

MARKET ACTIVITY

Experienced a funding rate of -35000% annualized (100% per day) on RPL shorts, representing an extreme market condition.

FINANCIAL EVENT

Runs a promotional campaign with 1,000 XAUT in rewards for users participating in Easy Earn stablecoin activities, ending on 2026-02-28.

FINANCIAL EVENT

Launched a promotional scratch card campaign with a daily draw pool of 1,000,000 cards offering prizes up to 1,000 USDT.

ONCHAIN METRICS

Achieved $1.5T trading volume in 2025, representing 8.1% market share as the second-largest centralized exchange, down 13.7% year-over-year following recovery from a February hack.

FINANCIAL EVENT

Hosts a $150K MNT Puzzle Hunt incentive program in partnership with Mantle, running until February 23, 2026, rewarding users for staking, trading, and collecting activities.

2W ago
PARTNERSHIP

Partnered with Nasdaq and Solidus Labs to enhance surveillance against coordinated market attacks.

FINANCIAL EVENT

Runs a Valentine's Day promotion offering 600 USDT in prizes for completing tasks, ending on 2026-02-19.

OPINION SPECULATION

CEO Ben stated that Bybit will not build prediction market products in-house due to global regulatory compliance challenges, but is exploring partnerships to offer a compliant solution.

VISIBILITY EVENT

Listed among CEXs and DeFi protocols whose positions can be utilized as margin in Spark Prime's institutional DeFi product for hedge funds.

FINANCIAL EVENT

Offers 2x cashback points on Bybit Card transactions at restaurants, luxury hotels, and beauty & wellness merchants from February 21, 2026 until March 12, 2026, stacking on standard tiered cashback, with a limited-edition heart-inspired card design.

PARTNERSHIP

Integrated with Bybit, including Bybit Onchain Earn for Mantle vault yields. Participated in SuperMantle Content Arena with Solana, byreal, and Alpha, ending 2026-03-03.

ONCHAIN METRICS

Mantle Vaults crossed $150M, powered by CIAN protocol, with DeFi TVL on Mantle increasing from $258M to $585M.

FINANCIAL EVENT

Launches a $150,000 airdrop campaign with Valentine's Day referral bonuses and exclusive prizes.

WHALE ACTIVITY

A single trader was liquidated for $10 million on Bybit as part of $261 million in total liquidations across the platform in the past 24 hours, with 106,000 traders liquidated.

MARKET ACTIVITY

Enabled SOSO deposits on ValueChain, with withdrawals to open once liquidity requirements are met.

MARKET ACTIVITY

Experienced a 16% decrease in spot trading volume in January 2026 compared to December 2025.

REGULATORY

Released its 30th Proof of Reserves report, confirming all major assets are backed 1:1 with some reserves exceeding user holdings.

TEAM UPDATE

Appointed Yoyee Wang as Head of Business-to-Business.

WHALE ACTIVITY

Sold 2,160 BTC in a coordinated market dump occurring over 20 minutes alongside multiple exchanges.

PARTNERSHIP

Integrated Aave V3 on Mantle through Earn product, routing CeFi liquidity into RWAs, staking, and onchain yield products. Aave V3 achieved over $700M total market size within two weeks of launch.

MARKET ACTIVITY

Lists AZTEC token for spot trading.

MARKET ACTIVITY

Launched ESP/USDT Pre-Market Perpetual trading on February 10, 2026, at 10:10 AM UTC.

RISK ALERT

Suffered $1.5 billion hack on February 21, 2025, the largest crypto hack ever, via social engineering, device compromise, AWS S3 breach, and Safe{Wallet} hijacking, impacting trading volume performance throughout the year.

TOKEN ECONOMICS

Offers up to 11% APY on XAUT through Flexible Earn product with flexible withdrawals.

MARKET ACTIVITY

Enabled NIGHT token deposits on BNB Smart Chain Network, with withdrawals to open once liquidity requirements are met.

VISIBILITY EVENT

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.

VISIBILITY EVENT

Mentioned as a supported exchange for withdrawing XRP and RLUSD to external wallets in a guide about Doppler Finance yield vaults.

3W ago
ONCHAIN METRICS

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%).

WHALE ACTIVITY

Sold 7,800 BTC in a 30-minute period on February 5, 2026.

MARKET ACTIVITY

Listed three U.S. equities (MU, COHR, LITE) on Bybit TradFi, powered by Infra Capital (Mauritius FSC licensed).

OPINION SPECULATION

Rumors circulate alleging insolvency, prompting warnings to withdraw funds from the exchange.

FINANCIAL EVENT

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.

VISIBILITY EVENT

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.

PARTNERSHIP

Partnered with AltCryptoGems and AltCryptoCast.

FINANCIAL EVENT

Hosts a HotSpot campaign offering 25,000 ZETA tokens as rewards for completing tasks, running until February 9, 2026, 9:59 AM UTC.

MARKET ACTIVITY

Listed TRIA token on Bybit Spot trading.

MARKET ACTIVITY

Listing PENGUIN token on the Bybit spot trading platform, with deposit and trading functionality enabled.

1M ago
MARKET ACTIVITY

Listed INX perpetual contract (INXUSDT) on pre-market platform starting January 29, 2026, at 9:30 AM UTC.

MARKET ACTIVITY

Enabled deposits for 0G token on Zero Gravity Network, with withdrawals to open once liquidity requirements are met.

VISIBILITY EVENT

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.

TECH EVENT

Optimized Mark Price mechanism to filter pricing anomalies after the October 11, 2025 market crash, adding a new insurance pool.

FINANCIAL EVENT

Offers retail bank accounts with personal IBANs for USD and 18 other fiat currencies, with rollout February 2026.

MARKET ACTIVITY

Offers full deposit and withdrawal support for MNT on Solana.

VISIBILITY EVENT

Mentioned as a supported withdrawal destination for Hurupay's stablecoin neobank platform alongside Binance and Coinbase.

WHALE ACTIVITY

A newly created wallet withdrew 800 XAUT (worth $4.22M) from Bybit on 2026-01-28 at approximately 02:48 UTC.

FINANCIAL EVENT

Launched a trading and deposit promotion with a 4,000,000 BIRB prize pool for users trading or depositing BIRB.

MARKET ACTIVITY

Listed BIRB token for spot trading on Bybit, Alpha, and Byreal platforms.

MARKET ACTIVITY

Enabled direct AED deposits from UAE bank accounts, offering over AED 300 in rewards for depositing AED 400. Launched AED trading pairs.

MARKET ACTIVITY

Lists USA₮ (USAT), a new federally regulated dollar-backed stablecoin issued by Anchorage Digital Bank under the GENIUS Act framework.

ONCHAIN METRICS

Bybit recorded 3.3 million weekly visits, ranking 7th among major crypto exchanges by this metric.

FINANCIAL EVENT

Offers a $100 XAUT-USDT Trial Fund incentive program for users who deposit $100 and trade $500.

ONCHAIN METRICS

Recorded over $250 million in newly minted mETH on the platform within a 30-day period.

MARKET ACTIVITY

Listed PYBOBO token on Bybit Spot trading.

FINANCIAL EVENT

Running a creator rewards program for crypto-experienced content creators from January 26, 2026 until February 22, 2026.

WHALE ACTIVITY

Received a deposit of 200,000 SOL (approximately $25.44M) from Galaxy Digital on 2026-01-25.

WHALE ACTIVITY

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.

PARTNERSHIP

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.

MARKET ACTIVITY

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.

MARKET ACTIVITY

Supports deposits and withdrawals for XAUT0 on the Monad network.

MARKET ACTIVITY

Lists Seeker (SKR) token on spot trading.

MARKET ACTIVITY

Enables access to XAUT (Tether Gold) on Mantle Network with lower fees and faster transfers.

MARKET ACTIVITY

Listed SPORTFUN futures trading.

MARKET ACTIVITY

Listed IMU (Immunefi token) for spot trading, scheduled for 2026-01-22 at 14:00 UTC.

VISIBILITY EVENT

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.

WHALE ACTIVITY

Sold 3,339 BTC within one hour as part of a coordinated market-wide distribution event on January 19, 2026.

MARKET ACTIVITY

Announced token listing for HeyElsaAI.

TEAM UPDATE

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.

PARTNERSHIP

Integrated with Replicate to enable copy trading strategies, with traders able to launch and followers able to copy strategies on the platform.

MARKET ACTIVITY

Listed FOGO token for spot trading with pairs launching on 2026-01-15 at 14:00 UTC.

MARKET ACTIVITY

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.

FINANCIAL EVENT

Offers up to 10% crypto cashback on eSIM purchases made through Bybit Pay.

ONCHAIN METRICS

Bitcoin taker buy/sell ratio reached 30.33, indicating strong buy-side aggression and market buy pressure.

ONCHAIN METRICS

Ranked third in spot trading volume among mainstream centralized exchanges in December 2025, behind Binance and ahead of Kucoin.

ONCHAIN METRICS

bbSOL ranked No.1 on Arkham Intelligence exchange netflows with $1.08M in inflows over 24 hours, representing a 166% day-over-day increase.

MARKET ACTIVITY

Listed ZAMA token on pre-market trading.

ONCHAIN METRICS

Mantle Vault on Bybit reached $100M in assets under management (AUM).

WHALE ACTIVITY

A wallet associated with RookieXBT transferred 16.6M PENGU (valued at approximately $210,909) to a new wallet that previously deposited SOL into Bybit.