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 delists NIBI, launches XRPfi 5% APR, Fiat-to-Crypto promo, lists PIPPIN, churns reserves fast.
Links
x.com/bybit_officialDelists NIBI spot trading pair on 2026-04-14 at 08:00 UTC, with withdrawals remaining available.
Launched Fiat-to-Crypto Frenzy promotion with a 97,200 USDT weekly prize pool running from April 13, 2026 to August 14, 2026, offering lucky draw tickets to users who deposit 20 USDT and trade 100 USDT.
Launched XRPfi product in collaboration with Doppler Finance, offering 5% APR on XRP deposits (2.5% base + 2.5% bonus) with 90-day fixed terms and 30,000 XRP in rewards.
Churns reserves 3-5x faster than Coinbase and Binance.
Listed PIPPIN token for spot trading.
Runs a XAUT prize pool incentive program with deposits of $100 per friend increasing the pool up to a maximum of 200,000 XAUT, ending on 2026-04-30.
Received 68.51 million FF tokens ($8.32 million) deposited to the exchange from a BitGo custody wallet on April 11, 2026.
Enabled spot margin trading with up to 10x leverage for CC and RLUSD tokens.
Launched savings product with hourly interest for CC and RLUSD tokens.
Added CC and RLUSD tokens to Bybit Pay Later service.
Offers $100 in welcome rewards and an $NVDAX airdrop to users who complete a "Trade $10" task.
Bought 8,995 BTC worth approximately $420 million in a 30-minute period ending April 9, 2026.
Offers up to 11% APR on XAUT through its Earn product.
Blocked coordinated fake deposit attacks across multiple blockchains, targeting over $1 billion DOT, with no user funds affected.
Generated $186.9B in spot trading volume during Q1 2026, ranking third among centralized exchanges.
Held $5.6B in custody assets at the end of Q1 2026, ranking fifth among centralized exchanges.
Listed ARIA token, which subsequently increased 10x in value during March 2026.
Hosts a Wall Street Showdown trading competition with a 100,000 USDT prize pool for trading Gold, Oil, SP500, and NAS100 on Bybit TradFi, ending on 2026-04-10.
Processed $1.49 trillion derivatives volume Q1 2026 with average open interest $11.0 billion, ranking third among centralized exchanges.
Published 32nd Proof of Reserves report confirming all major assets are backed 1:1, with some reserves exceeding user holdings.
Holds $14.84 billion AUM as of April 5, 2026, down from $16.5 billion in Q1 2026.
Listed XAUT (gold token) for spot trading and supports direct deposits and withdrawals for tokenized RWAs.
Launched RWF (Rwandan Franc) trading pairs on P2P platform on 2026-04-03, rebuked by Rwanda's central bank for lack of authorization.
Suffered theft via supply chain attack on Safe Wallet signing frontend, exploiting a front end dependency vulnerability with malicious JavaScript from a compromised developer machine.
Partnered with Mantle for xStocks tokenized equities, offering spot trading, earning products, and Trading Bot access for assets like TSLA, NVDA. Launched 44 stock CFDs including BlackRock's IBIT, accepting BTC/ETH collateral; relaunched TradFi Copy Trading with 50 USDT protection voucher.
Holds less than $10 billion in stablecoin supply combined with all other exchanges excluding Binance, Coinbase, OKX, and Bitfinex.
A whale address withdrew 25,000 ETH (valued at $53.28 million) from Bybit within the past hour on April 1st, 2026, after previously depositing $52.46 million USDC to Binance, Bybit, and Deribit.
Runs a Wednesday Airdrop program with dual reward pools (Lucky Draw and Shared Rewards) ending on 2026-04-07.
Ranks #3 in weekly spot trading volume among centralized and decentralized exchanges, behind Binance and Solana, ahead of Coinbase and Kraken.
Mantle Vault on Onchain Earn reached $200M TVL, a new all-time high.
Launched AI Skills Hub, a new feature designed to simplify trading needs on the platform.
Partners with Tomorrowland Brasil 2027, hosting Portal Do Amanhã in São Paulo on 2026-05-01 as a one-year countdown. Provides early access and exclusive perks to Bybit Card holders.
Listed EDGE token on Spot, partnering with edgeX exchange and offering an 800,000 EDGE prize pool.
Listed BASED futures trading on the platform.
hosts "Bybit Predicts Ep.2 - The Web 4.0 Dilemma" debate event on March 31, 2026 at 12PM UTC featuring industry participants discussing Web 4.0 and AI trading accountability
Offers a 2,500,000 USDT incentive program with three earning options: BYUSDT at up to 10% APR, Mantle Vault with flexible yield, and XAUT (Tether Gold) at up to 12% APR.
Launched a Launchpool offering 3,000,000 BASED tokens to users who stake BASED or MNT.
Launched a Token Splash event distributing 1,500,000 BASED tokens.
Recorded a single BTC liquidation of $9.8M on the platform.
Listed RIVER token for trading.
Hackers exploited Bybit, holding enough stolen ETH to rank as the 14th largest ETH holder globally.
Runs an 8,000 USDT incentive program in Kenya for users who make deposits, pay with Bybit Pay, or trade as merchants.
Listed CLUSDT perpetual contract with up to 50x leverage on March 27, 2026.
Listed BASED token in spot and futures trading on Bybit Spot, Coinbase, and Binance concurrently at TGE on March 30, 2026.
Launched XAUT Earn, offering up to 555% APR on XAUT for new users, ending 2026-04-02.
Launched Fiat Spring Blossom campaign with a 15,500 USDT prize pool for fiat deposit and trading activities, scheduled to end on 2026-04-20.
Listed new trading pairs including HYPERUSDC on Boros, with maturity date April 26, 2026.
Runs a points-based promotion offering scratch cards with prizes up to 1,000 USDT each, ending on 2026-03-30 at 10:00 UTC.
Provides up to 50% off taker fees for USDC trading across Spot and Futures markets to eligible retail and VIP traders on March 23, 2026, with improved liquidity.
Hosts an X Spaces AMA on 2026-03-25 at 9AM UTC featuring StraitsX and XUSD to discuss stable assets, with 500 USDT in giveaways for participants.
Hacked for $1.5 billion in February 2025 by North Korea's Lazarus Group via compromised UI and fraudulent transactions approved by signers. Circle froze attacker's address; Tether froze funds.
Ranks 2nd in perpetuals open interest at $9.72B as of March 21, 2026.
received WLD tokens as part of a 117 million WLD distribution from a Worldcoin project multisig wallet, with 84.76 million WLD routed through FalconX before being dispersed to Bybit, Binance, and OKX
Integrated with Alpha_Bybit for multi-chain access of Bybit native assets, launching four assets from BlockSt_HQ, SCORProtocol, HeyElsaAI, vooi_io, powered by Fluxion_network and birdeye_so.
Launched liquid staking token (LST) on Solana via Sanctum's Infinity platform, featuring SOL staking with up to 555% APR for new users until 2026-04-09.
Launched XAUUSDT (gold) and XAGUSDT (silver) perpetual contracts with up to 75x leverage, and Tether Gold futures and options contracts.
Launched Angolan Kwanza (AOA) P2P support on 2026-03-25 with a 7,000 USDT trading competition.
Integrated with OpenCryptoNews trading workflow system on Telegram, which connects real-time news, AI filtering, AI summaries, charts, and trading interactions using 6551 OpenNews MCP/WSS protocol.
Holds a PSP license in Georgia.
Launched a localized platform in Georgia.
Listed GPS (GoPlus) token as a secondary listing.
Closed a user's card service.
Listed CFGUSDT perpetual contract with up to 25x leverage on March 17, 2026.
Launched Rewards Hub offering up to 100 USDT for new users and over 10,000 USDT in total rewards. Also launched a Spot Read-to-Earn program with a 10,000 USDT reward pool.
Listed AZTEC (Aztec) token for spot trading.
Listed BPUSDT perpetual contract with up to 5x leverage on March 16, 2026.
Offers up to 27 USDT in rewards for Chilean peso (CLP) users who deposit and trade.
Coinbase in talks for investment or minority stake in Bybit at $25B valuation for US market entry.
Runs P2P referral program from 2026-03-13 to 2026-04-13 with up to 100 USDT rewards, and secured VASP license in Georgia on March 13, 2026.
Integrated Mastercard Crypto Credential into Bybit Pay for username-based crypto transfers linked to email or mobile numbers instead of wallet addresses, with asset and network compatibility checks.
Operates MNT puzzle hunt with 300,000 USDT prize pool ending 2026-03-31, and MNT Alpha version with 150,000 USDT pool ending 2026-03-15; ran MNT DCA Campaign.
Integrated with mETH Protocol to support liquid staking tokens, providing custody and yield rails, with wallets holding 149,615 mETH as of February 28, 2026.
Listed 4 Mantle assets on Bybit Alpha for its 80M+ users.
Runs Golden Month Giveaway with 20 winners, ending 2026-03-23, and a referral campaign offering up to $30 per referral, with guaranteed Lucky Draw wins every 2 referrals and prizes from $10 XAUT to 1 oz Gold, ending 2026-03-25.
Integrates MNT into the platform's fee structure, VIP tiers, and institutional access, allowing MNT holders to reduce trading costs and unlock additional perks.
Offers trading markets for stocks, metals, forex, indices, and commodities, all tradable with USDT.
Runs an educational incentive program with a 20,000 USDT prize pool for users who complete futures trading lessons and quizzes.
Sponsors Paris Blockchain Week 2026 as Title Sponsor on April 15-16, 2026 at the Carrousel du Louvre through its EU arm.
Offers up to $1,720 per successful referral plus up to 30% commission on referred users' trades.
Added 40 new stock trading pairs on TradFi, including BKNG, MS, and UPS; hosts event March 9, 2026 for updates on BYUSDT, TradFi One-Click Trading, and product innovations.
Launches Mantle Vault on Bybit's Onchain Earn, routing CeFi liquidity to onchain yield via Aave and CIAN, offering 8% APR. Holds over $200M TVL as of March 31, 2026, and functions as a USDC bridging option alongside Stargate.
Launched AI Hub, enabling AI assistants to execute trades and manage assets via 253+ API endpoints, supporting copy trading and automated strategies. Also launched xStocks trading on Trading Bot for automated tokenized stock trading, including Apple (AAPL), Tesla (TSLA), and NVIDIA (NVDA).
Spot market data (orderbook, Level1, OHLCV, trades, volume, snapshots) becomes available via the Laevitas API and MCP.
Released 30th Proof of Reserves with March 18, 2026 snapshot, showing user holdings of 53,000 BTC (down 8.98% from Feb 26), 525,000 ETH (up 0.29%), and 6.19 billion USDT (up 1.14%).
Co-CEO Helen Liu steps down April 30, 2026, to launch a new venture.
Added support for PEN (Peruvian Sol) deposits for LATAM users, offering cash rewards, lucky draw entries, and up to 17 USDT for deposits and trading.
Co-Founder and CEO Ben Zhou speaks at the Main Stage at Paris Blockchain Week on April 15-16, 2026, at the Carrousel du Louvre.
Runs a trading campaign with a 50,000 USDT prize pool for trading AED spot pairs or depositing via local bank transfer, ending on 2026-03-31.
Listed over 150 tokens during 2025 according to Coingecko data.
Launched Bybit Card, Georgia's largest crypto card offering, and offers 20% cashback on Stockholm Open tickets until 2026-03-12.
Ranked 4th by perpetuals trading volume with $4.7T, recorded approximately 86% of trading volume from derivatives.
Listed tokens in 2025 achieved a median ROI of 0.23x across all launches on the platform.
Hosts an AMA featuring executives Helen Liu, Mazurka Zeng, and Yoyee Wang discussing platform evolution beyond exchange services, including payments, cards, and real-world assets, scheduled for March 8, 2026 at 8:00 AM UTC.
Offers up to 10% bonus APR for USDT to BYUSDT swaps and up to 11% APR on BYUSDT staking or deposit products.
Launched AED spot trading pairs, supports direct AED funding from banks with zero currency conversions.
Reached 40 million users on the exchange platform.
Offers 3% APY on crypto deposits without requiring lock-up periods.
Experienced capital outflows totaling -$633.46M in February 2026 alongside Gemini and HTX.
Lists an average of 12 tokens per month, ranking 6th among major centralized exchanges by average monthly listings.
Runs a trading promotion with $120,000 in Lucky Draw and Shared Rewards pools, ending 2026-03-10. Also runs a points program with scratch cards offering prizes up to 1,000 USDT for logging in and trading.