Coinranking
What Is Bybit?
Bybit is a cryptocurrency centralized exchange (CEX) offering a professional trading platform. Established in March 2018, Bybit serves more than 10 million users and institutions. It provides access to over 100 assets and contracts, including Spot and crypto derivatives like Futures and Options. Bybit is also known for partnerships with entities like Formula One's Oracle Red Bull Racing, esports teams NAVI, Astralis, and football teams Borussia Dortmund and Avispa Fukuoka.
The platform offers the following products: Spot, Derivatives (USDT perpetual, USDC perps, inverse perps, futures, USDC options, leveraged tokens), NFT marketplace, Bybit Earn, Buy Crypto, and Options.
Who Are the Bybit Founders?
Bybit was established by founder and CEO Ben Zhou. After graduating from The University of Pennsylvania, Zhou worked at XM, one of China's largest forex brokerage companies, for seven years. In 2018, he co-founded Bybit.
When Did Bybit Launch?
Bybit was launched in March 2018.
Where Is Bybit Located?
The company is registered in the British Virgin Islands as Bybit Fintech Limited and headquartered in Dubai, UAE, under Bybit Fintech FZE.
Bybit Restricted Countries
Bybit is available to customers worldwide, with the exception of countries with service restrictions such as the U.S, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, Mainland China.
What Coins Are Supported on Bybit?
Bybit supports over 100 crypto tokens and more than 300 spot trading pairs, including major coins like BTC, ETH, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT, and more.
How Much Are Bybit Fees?
Bybit employs a tiered fee structure based on a maker-taker model. Fee tiers include non-VIP, VIP 1, VIP 2, VIP 3, Pro 1, Pro 2, and Pro 3. Non-VIP users face maker and taker fees of 0.10% for spot trading and 0.06% (taker) and 0.01% (maker) for perpetual and futures trading. Pro 3 users enjoy reduced fees, with spot trading fees at 0.02% (taker) and 0% (maker), and derivatives trading fees at 0.03% (taker) and 0% (maker).
Is It Possible To Use Leverage or Margin Trading on Bybit?
Bybit offers trading with up to 100X leverage on crypto derivatives products, including BTC/USD, ETH/USD, XRP/USD, EOS/USD perpetual contracts. Users can choose between isolated margin and cross margin. Bybit's offerings include Inverse perpetuals, crypto futures, crypto options, and leveraged tokens for enhanced trading experiences.
