Number of Bybit users reaches 30 million, demonstrating Bybit’s status as an industry leader moving towards Web3

Dubai, United Arab Emirates, (MidLand/PRNewswire)- Bybit, the third largest cryptocurrency exchange in the world by trading volume, today celebrated an important milestone: the number of registered users exceeded 30 million worldwide. In addition to these impressive results, Bybit has also experienced extraordinary growth. Bybit thus strengthens its status as a leader in the blockchain sector.

Market share is increasing, user trust is increasing

According to the latest quarterly report from Kaiko Research, Bybit’s market share in the spot trading segment increased from 2% in 2023 to 9.3% in 2024, which is an increase of 400%. The big jump from last year’s 7.3% market share further strengthens Bybit’s status as one of the market-leading cryptocurrency exchanges.

According to Bybit, this growth was achieved thanks to its strong commitment to user security and trust. Bybit prioritizes asset security by regularly publishing backup proof audits. This ensures transparency and accountability of user funds. On the other hand, Bybit has an impeccable track record in terms of security, having suffered no platform crashes or hacking incidents since it was founded in 2018.

This dedication to aspects of security and transparency is increasingly evident from numerous industry awards. Bybit earned a perfect trust score of 10/10 from CoinGecko, as well as an “AA” rating in the recently launched “CCData Crypto Exchange Benchmark Report”.

“The number of registered users reaching 30 million is an exciting achievement. This achievement would not have been possible without the support of the global crypto community,” said Ben Zhou, co-founder and CEO of Bybit. “We truly value the trust of the user community and are always committed to providing the best and most reliable services designed according to local market needs. Bybit actively cooperates with regulatory authorities around the world so that Bybit always complies with regulations and deliver responsible innovation.”

The way forward: Bridging the Web3 gap

Bybit continues to drive Web3 innovation, changing the way users interact with the blockchain ecosystem through a user-first interactive platform. In 2024, Bybit expands its service portfolio by introducing innovative solutions such as Airdrop Arcade, NFT Pro and Inscription Marketplaces.

The platform is carefully designed to reduce user friction and simplify the user experience. On the other hand, the platform must also be able to offer more and more investment opportunities, as well as support various types of potential and popular blue-chip tokens and projects. The new services of Bybit, Solana Fiesta and Bitcoin Economy live streaming introduce many people interested in Web3 with its ecosystem and various opportunities.

Through this step, Bybit users will be able to exploit the most interesting and reliable opportunities in the Web3 sector. Furthermore, this step not only simplifies user participation but also makes it more fun through gamification and advanced data intelligence. This commitment also continues with plans to launch Bybit Web3 DEX Pro, a decentralized exchange platform supported by the revolutionary i-SMART data intelligence technology. Bybit Web3 DEX Pro meets the needs of modern traders and investors.

“Today’s milestones are more than just numbers; they demonstrate our dedication to transforming the cryptocurrency industry,” said Zhou. “Bybit is always committed to changing the future of cryptocurrencies. We will continue to uphold the principle of paying attention to user needs, considering user interests and improving service quality, as well as serving 30 million users with the most professional products. The Principle Protecting customers’ interests is the main element in the design of all Bybit products. We want to provide a Web3 that supports everyone so that financial inclusion is not just a goal, but a reality.”

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About Bybit

Bybit is the third largest cryptocurrency exchange by trading volume. Founded in 2018, Bybit has more than 30 million users. Bybit offers a professional platform for cryptocurrency investors and traders to get a very fast matching engine, 24/7 customer service, and community support in various languages. Bybit is a sponsor of the champion team of Formula One constructors and drivers: Oracle Red Bull Racing.

More information about Bybit is available from Bybit Press.

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