Vladislav Sopov Bybit, world’s third most visited cryptocurrency exchange, launches new unified trading account (UTA) to allow users trade across various markets Contents Bybit investors can now...
Tag: Bybit
Bybit launches Unified Trading Account
Bybit exchange has announced the launch of its Unified Trading Account. The UTA will enable investors to diversify trades across several markets, all in one account on the exchange. Bybit UTA could s...
Discovering Bybit: what is it and how does it work?
Bybit is one of the most revolutionary exchanges in recent years, it has features that set it apart from typical exchange platforms: let’s see in detail how it works. Bybit’s strengths allow it to ent...
Bybit CEO clarifies company’s exposure to Genesis
On January 20, 2019, renowned cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy in the aftermath of the collapse of FTX. Genesis Global Trading filed for protec...
Bybit CEO offers clarity on exposure to Genesis, but community demands more
Genesis Global Trading, a prominent crypto lender, filed for Chapter 11 bankruptcy protection in New York on Jan. 20, becoming the latest company to declare bankruptcy in the wake of FTX’s collapse. H...
ByBit CEO’s Genesis Exposure Explanation Sparks Controversy in Crypto Community
Genesis Global Capital, the cryptocurrency lending platform owned and operated by DCG, filed for bankruptcy. According to the court document, the company has around 100,000 creditors. Bybit is one of ...
Bybit CEO Confirms Exposure of $150M to Bankruptcy Filed Genesis
9 hours ago | 2 mins read Exchange News The CEO confirmed that the company’s investment arm, Mirana, did have $150M in exposure. Mirana had already liquidated around $120 million in collateralized hol...
ByBit CEO clarifies Mirana exposure to bankrupt Genesis
ByBit CEO Ben Zhou said his exchange’s exposure to bankrupt crypto lender Genesis was restricted to its investment arm Mirana. Genesis Global’s chapter 11 filing showed that Mirana was one of its top ...
Bybit Founder Addresses Concerns Over Firm’s $151M Exposure to Bankrupt Genesis
Ben Zhao, the founder of crypto exchange Bybit, took it to Twitter to address concerns raised over the company’s exposure to the now-bankrupt crypto lender Genesis Global Capital. According to court f...
Bybit CEO uncovers clues on exposure to Genesis, but community wants more answers – Cryptopolitan
Following the demise of FTX, Genesis Global took a similar route and filed for Chapter 11 bankruptcy protection in New York on January 19th. This sudden news caused an uproar among the crypto communit...
Crypto.com to Axe 20% of Jobs Following Coinbase and Bybit Cuts
Cryptocurrency exchange Crypto.com will slash 20% of its staff, the Singapore-based platform said on Jan. 13. This comes amid a recent wave of job cuts affecting crypto companies and exchanges. Crypto...
Bybit partners with Copper to offer institutions robust crypto custodial services
Bybit crypto exchange has signed a strategic partnership deal with Copper, to enable the former to offer its institutional investors and high-net-worth individuals secure crypto custodial services via...
Bybit Launches Revamped Broker Program with 100% Rebates
DUBAI, United Arab Emirates, Jan 10, 2023 — Bybit, the world’s third most visited crypto exchange, has revamped its broker rebate program to create the best rewards in the industry. The increased rewa...
Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address
Ben Zhou, co-founder and CEO of Bybit, the third most visited cryptocurrency exchange in the world, shared Bybit’s journey in becoming a Crypto Ark and a gateway to empower users to level up to Web3 ...
LAST CHANCE to Benefit from ByBit 200,000 USDT Prize, Here’s How!
Bybit has a new promotion that allows users to grab a stake in a pool of 200,000 USDT. Not many crypto exchanges give out that much in rewards, especially in a bear market. How to benefit from ByBit’s...
Crypto Exchange Bybit Provides Merkle Tree-based Proof of Reserves
Exchange News Bybit’s users will be able to independently check the exchange’s holdings. It has also promised to make public the whole contents of its Bitcoin and Ether wallets. Bybit, another major c...
Bybit Launches Merkle Tree-Verified Proof of Reserves
The Dubai-based platform announced the launch of a Merkle Tree-based proof-of-reserve system to enable users to verify their assets deposited into the exchange as well as Bybit’s holdings. The verific...
Bybit bets on transparency with cryptographic proof-of-reserves
Cryptocurrency exchange Bybit released a Merkle tree proof-of-reserves (PoR), in a joint bid by centralized crypto service providers to regain the community’s trust lost after the fall of FTX. In a De...
Bybit crypto exchange says customers can verify its crypto reserves
Bybit has rolled out a system that will allow its customers to verify the crypto assets that the crypto exchange platform holds in its reserves, the company announced last week. The Bybit proof ...
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits – Exchanges Bitcoin News
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin ...
Bybit joins trend, releases Merkle Tree-verified proof of reserves
The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe. On Dec. 12, it announced that it has launched a Merkle Tree-based pro...
Bybit becomes latest crypto exchange to announce proof-of-reserves
A Singapore-based crypto trading platform Bybit has announced it has made available a proof-of-reserves (PoR) page to reassure its customers that it’s a trustworthy company. The proof-of-reserves is v...
Bybit unveils stricter limits for users without KYC
Bybit, ranked as the 10th largest centralized crypto exchange in the world, announced stricter KYC policies and new limits for users who trade without passing it. In a recent press release, Bybit Fint...
ByBit to apply new KYC rules and withdrawal limits on Dec. 20
Crypto exchange ByBit announced that it would imply new Know Your Customer (KYC) rules and withdrawal limits on Dec. 20. The announcement updates the different withdrawal limits based on different KYC...
Bybit Reveals Decentralized Exchange ApeX Pro Integration
48 seconds ago | 2 mins read Exchange News Bybit integration will offer transparency, self-custody, and privacy of decentralized platforms. To access Apex Pro integration Bybit users must need to tran...
Bybit introduces new KYC requirements for P2P trading, fiat deposits and NFT trades
Crypto exchange Bybit will require updated Know-Your-Customer (KYC) verification checks for various products from Dec. 15. Bybit’s one-click buys, fiat deposits and peer-to-peer trading wi...
Crypto Exchange Bybit To Let Go of 30% of Workforce As Bear Market Drags On: Report
Dubai-based crypto exchange Bybit is kicking off a round of layoffs equalling more than a quarter of their total workforce amid the current market woes. Bybit co-founder and CEO Ben Zhao announced the...
Bybit joins leading crypto companies to offload 30% of staff, CEO makes alarming revelations ⋆ ZyCrypto
Advertisement     As the broader fintech market continues to cut down on its staff, cryptocurrency firms have followed suit. In an announcement yesterday, the CEO of t...
Bybit is Cutting its Workforce by 30% to Reorganize Business
Bybit, a Dubai-based crypto derivatives exchange, seems like it is following the footsteps of leading U.S. firms like Kraken, Lemon Cash, Coinbase, Amazon, Meta, and Twitter. Reportedly the crypto exc...
Bybit, Swyftx join layoff spree following FTX collapse
Crypto exchanges Bybit and Swyftx have moved to execute their second round of layoffs in preparation for a worsening bear market, fueled by the FTX collapse. Bybit CEO Ben Zhou said the staff cuts wil...
Bybit To Cut Workforce Amidst Fears Bear Market Is Here…
Bybit has announced that it will be laying off nearly 30% of its global workforce, becoming the latest cryptocurrency exchange to do so. The move comes as fears grow that the bear market is here to s...
Bybit to axe 30% of workforce as crypto winter bites
Ben Zhou, co-founder and CEO of Bybit, revealed a reorganization plan that includes a drastic reduction in the company’s workforce in response to the ongoing bear market. Bybit announces new round of ...