Bybit
| Bybit | |
| |
| Founded | 2018 |
|---|---|
| Headquarters | Dubai, United Arab Emirates |
| Key People | Ben Zhou (CEO) |
| Employees | Approximately 2,400 (as of July 2025) |
| Products | Cryptocurrency derivatives trading, spot trading, staking, lending, NFT marketplace, copy-trading, Web3 services |
| @Bybit_Official | |
| Profile | |
| Page | |
| Website | www.bybit.com |
| Releases | Company News |
Bybit is a Dubai-based cryptocurrency exchange, founded in 2018 by Ben Zhou. It is known as one of the largest cryptocurrency exchanges in the world, specializing in derivatives, spot trading, staking, and a variety of other crypto and Web3 products.
History[edit]
Bybit launched in March 2018, established by Ben Zhou, who had previous experience in the forex industry. The company originally operated out of Singapore but moved its headquarters to Dubai in 2022. Bybit's development focused on building infrastructure for the trading of cryptocurrency derivatives and later expanded to include spot trading, as well as other digital asset-related functions such as non-fungible token (NFT) transfers and basic Web3 integrations.[1]
Products and Services[edit]
Bybit provides:
- Cryptocurrency derivatives trading (perpetual and futures contracts)
- Spot trading for a range of cryptocurrencies
- Staking and lending services
- A basic marketplace for NFTs
- Copy-trading, enabling users to duplicate trades of selected participants
- Transactions through fiat and cryptocurrencies
- Access to Web3 protocols and decentralized applications
Other features include a customer support service and application programming interface (API) tools for order management.[2]
Key People[edit]
- Ben Zhou, Chief Executive Officer
Risk Management[edit]
Bybit has been involved in several notable incidents:
In February 2025, the platform experienced a security breach with the loss of approximately $1.5billion in Ethereum. The incident resulted from vulnerabilities in a third-party wallet system and was attributed to the Lazarus Group.
In 2023, Bybit’s investment division, Mirana, was named in a U.S. bankruptcy proceeding for actions related to the collapse of the FTX exchange and reached a financial settlement in October 2024.[3]
References[edit]
- ↑ Bybit history - RUE.EE. RUE.EE.
- ↑ Bybit Review 2025: Safe, Regulated & Legit !!. Social Capital Markets.
- ↑ Bybit - Wikipedia. Wikipedia.