YEREVAN, June 10. /ARKA/. Bybit, one of the three largest crypto exchanges in the world by trading volume, has seen a tremendous growth in bitcoin trading volume.
Bybit has witnessed unprecedented growth since launching its own spot trading platform in 2022. The company’s market share has skyrocketed from 2% in 2023 to an impressive 9.3% in 2024, which is a significant jump from 7.3% in the previous year.
According to Kaiko Research’s latest quarterly report, this growth of nearly 400% has firmly established Bybit as a leader in cryptocurrency trading.
During the same period, Bybit also increased its share of altcoin trading volume – all cryptocurrencies except bitcoin – from 2.9% to 8%, showing a growth of 275%. This was no doubt fuelled by the introduction of Bybit’s Unified Trading Account.
Bybit’s products targeting both new and seasoned investors, along with a 180% growth in institutional clients over the past year, has enabled the company to capitalize on market opportunities arising from changes in the competitive landscape. The Exchange continuously focuses on superior customer service, enhanced security measures and technological improvements..
‘We are very proud that Bybit’s strategy and commitment to user-centric innovation is reflected in our growing market share,’ says Bybit co-founder and CEO Ben Zhou. – This milestone is a testament to our cutting-edge trading products and the loyalty of our users. As the industry continues to evolve, Bybit remains at the forefront and is poised to set new standards in the world of crypto trading.’
As Bybit grows, it is committed to further enhancing its services to meet the dynamic needs of the cryptocurrency community. With a steady trajectory and an unwavering commitment to excellence, Bybit is able to strengthen its market leadership.
