Bybit continues to redefine crypto accessibility today. It ranks among the top five crypto exalters by derivatives trading volume, trailing Binance and OKX, depfinishing on the timeframe and metrics utilized. Two key applications stand out: first, its AI‑powered TradeGPT, which has empowered more than 5 million utilizers to create smarter trades; second, its MiCA-licensed Bybit Card, offering 20 % cashback and enabling seamless crypto‑to‑fiat spfinishing across Europe. Explore how Bybit’s scale, innovation, and trust shape the broader crypto ecosystem.
Editor’s Choice
- Surpassed 70 million registered utilizers as of May 9, 2025.
- Bybit suffered an estimated $1.4–1.5 billion loss during the Lazarus Group hack in February 2025, but replenished client funds quickly to restore balances.
- Bybit’s centralized exalter market share was estimated at 7.6% in H1 2025, reflecting a slight decrease from approximately 8.5% in 2024, based on derivatives volume data.
- Held 7.2 % market share in Europe in Q1 2025, despite an 18.1 % drop in Q2.
- TradeGPT reached 5 million utilizers, signaling strong traction for AI trading tools.
- MiCA license secured, enabling operations across 29 EEA countries.
- Rapid liquidity recovery post‑attack, $13 million/day BTC market depth within 30 days.
Bybit Overview
- Recognized globally as the world’s second-largest crypto exalter by trading volume.
- Founded in 2018 and headquartered in Dubai.
- In 2024, Bybit tripled its utilizer base to over 60 million utilizers.
- As of mid‑2025, it hosts 70 million utilizers globally.
- Bybit offers a full spectrum: spot trading, derivatives, staking, TradFi instruments, crypto‑linked cards, and AI tools.
- Proudly operates with a 1:1 reserve model, ensuring client funds remain protected.
Bybit Perpetual Trading Volumes
- Bybit’s trading volumes ranged between $4 billion and $13 billion daily through late March 2025.
- On March 22, volumes spiked to about $13 billion, driven largely by BTC and ETH activity.
- The lowest trading levels were seen around March 24–25, with volumes near $4–5 billion.
- Trading picked up again in early April, with April 6 displaying a strong rise to nearly $20 billion.
- On April 9, 2025, the day of Trump’s tariff pautilize announcement, volumes peaked at a massive $35.5 billion, marking the highest level in this period.
- After April 9, activity cooled but remained elevated, fluctuating between $10 billion and $18 billion daily through mid-April.
- The trfinish highlights how macro events and policy shifts can trigger sharp surges in Bybit’s perpetual contract trading.
User Growth and Demographics
- Grew from 60 million utilizers in 2024 to 70 million by May 2025.
- In 2024, the utilizer base tripled, signaling aggressive international adoption.
- 5 million utilizers have engaged with the TradeGPT AI assistant, demonstrating strong utilizer‑tech interaction.
- 1.5 million Bybit Cards issued globally within two years highlight real‑world crypto utility.
- Q1 2025, 7.2 % European market share with MiCA‑backed operations across 29 countries.
- Q2 2025, European shares slipped by 18.1 %, reflecting rising competition.
Trading Volume and Market Share
- In H1 2025, Bybit’s centralized exalter market share declined 0.9 percentage points, settling at 7.6 %.
- Q2 2025 saw Bybit’s volume drop 18.1 % QoQ, part of a broader decline among most exalters.
- Top exalters in July 2025, Binance at 39.8 %, MEXC at 8.6 %, Gate at 7.8 %, and Bybit at 7.2 %.
Most Traded Cryptocurrencies
- BTC/USDT leads with ~18.84 % of volume.
- ETH/USDT follows at ~14.91 %.
- SOL/USDT captures ~7.65 %.
- Additional top pairs include CAMP/USDT (4.05 %), XRP/USDT (3.84 %), and USDC/USDT (3.71 %).
- Others like SOMI, WLFI, MNT, and INJ each hold a 1.7–3.8 % range.
Derivatives Trading Statistics
- Daily crypto derivatives trading across platforms averaged $24.6 billion in 2025, up 16% from 2024.
- Bybit’s share of daily derivatives volume sits at $6.0 billion, trailing Binance’s $15.5 billion and ahead of OKX at $4.5 billion.
- Perpetual contracts account for a dominant 78% of total crypto derivatives volume.
- Open interest in Bitcoin futures rose from $12 billion in 2024 to $16.3 billion in 2025.
- Ethereum futures open interest climbed by 29%, reflecting growing institutional and DeFi activity.
- Solana and Cardano options volume surged, up 35% and 28%, respectively.
- Leveraged tokens built up 18% of retail trading volume, indicating continued interest in high-leverage instruments.
- Short-term speculation dominates; 81% of derivatives positions close within 24 hours.
Leverage and Margin Trading Stats
- Bybit offers leverage up to 100× on select derivatives.
- Margin trading spans multiple instruments, including spot, futures, and options, with standard stablecoin collateral models.
- VIP utilizers enjoy steadily lower fees, reflecting higher leverage utilize, e.g., Supreme VIP enjoys 0.0300% creater and 0.0450% taker spot fees, and zero creater fee on derivatives.
- Pro utilizers and market creaters often face 0.02–0.03% taker fees, emphasizing advanced leverage and liquidity provision.
- Leverage drives liquidity, but also increases regulatory scrutiny, particularly for 100× offerings.
- Automated tools manage risk through automated liquidation, safeguarding solvency under extreme conditions.
ETH-USDT Tick Trades on Bybit
- Around 14:15, flagged illicit transfers triggered market activity, with some trades exceeding $0.2M in size.
- At 14:25, when ZachXBT confirmed the hack, heavy sell pressure emerged, with red trades plunging close to -$0.4M.
- Following the Bybit announcement at 15:45, volatility surged, with both purchase and sell orders swinging between -$0.3M and +$0.3M.
- Despite spikes, most trades clustered near $0.0M order size, displaying steady compact-scale retail activity alongside large whale relocatements.
- The chart highlights how security breaches and news events can instantly reshape liquidity and order flow in ETH-USDT markets.
Bybit Fees and Transaction Costs
- VIP 0 utilizers pay 0.1000% taker and creater fees on spot, with derivatives at 0.0550% taker / 0.0200% creater, and options at 0.0300% / 0.0200%.
- Bybit scales fees down, VIP 5-tier spot fees drop to 0.0500% / 0.0400%, while derivatives settle at 0.0320% / 0.0100%.
- Supreme VIP perks include 0.0450% spot taker, zero creater on derivatives, and just 0.0150% creater on options.
- Non-VIP tiers, creater and taker fees around 0.10% each for spot, while Pro-level utilizers may see taker fees as low as 0.02–0.03%.
- Fee tiers are recalculated daily, based on asset balance or prior 30-day trading volume.
- Fiat-to-crypto spot pairs carry a different fee schedule; high-volume utilizers enjoy deeper discounts.
- No deposit fees, withdrawal fees vary, e.g., BTC withdrawal costs 0.0005 BTC with a 0.001 BTC minimum.
Order Types and Limits
- Bybit supports inverse and linear perpetuals, inverse futures, and European-style linear options.
- Flexible order types include market, limit, and conditional orders, as well as grid trading and copy trading setups.
- KYC levels define limits. Level 0 utilizers face a 2 BTC withdrawal cap, Level 1 allows up to 50 BTC, and Level 2 reaches 100 BTC.
- The exalter supports over 100 derivatives contracts and more than 180 trading pairs across spot and derivatives markets.
- P2P trading spans 70 fiat options and 80+ payment methods, with no platform fees.
- Visa/Mastercard crypto purchases allowed, minimum purchase $10, capped at $10,000, fees vary by region.
- Advanced utilizers can access API, mobile, and web order execution, with full support for automated strategies and bots.
Bybit Private Wealth Management AUM Breakdown
- The USDT Strategy dominates with 69% of total assets under management, displaying strong investor preference for stable returns.
- The BTC Strategy accounts for 26%, reflecting substantial confidence in Bitcoin as a long-term growth asset.
- The Option-Linked Strategy creates up just 5%, indicating cautious but selective adoption of derivative-based yield products.
- Overall, the data highlights how Bybit clients prioritize stability through stablecoins, while still maintaining diversified exposure to BTC and options.
Website Traffic and Engagement
- In July 2025, Bybit saw 22.95 million visits, up 13.8% from June, with 12.6 pages per visit and sessions averaging 14 minutes 26 seconds.
- Bounce rate hovered around 35%, consistent with active, engaged traffic.
- In August 2025, SimilarWeb estimated 19.8 million visits, 8:34 average duration, and 14.7 pages per visit.
- Traffic sources skew heavily to Direct (~89%), followed by organic search (~11%).
- Top traffic origins, Russia (~24%), Germany (~6%), Ukraine (~5.6%), South Korea (~4.3%), and the US (~3.7%).
Geographic Distribution of Users
- The majority of web traffic originates from Russia (23.9%), with notable followings in Germany (6%), Ukraine (5.6%), South Korea (4.3%), and the U.S. (3.7%).
- Audience skews 67.6% male, aged predominantly 25–34 years.
- Search behavior reflects cross-interest in Investing, Finance, and Tech news.
- Frequent site transitions include relocates from Bybit to Google and TradingView, indicating active market research behavior.
- Top alternative platforms in audience browsing include CoinGecko, CoinMarketCap, and Bitobtain.
Bybit Copy Trading Statistics
- Classic Copy Trading has recorded over 32 million successful trades and garnered more than 800,000 followers as of mid‑2025.
- Followers of classic traders have realized total Profit & Loss (PnL) exceeding $530 million.
- The leaderboard displaycases top-performing Master Traders.
- Featured traders like Warchart (KR) delivered a 7‑day ROI of 118.63%, while danell_d (AT) achieved 60.11%.
- Copy Trading Pro allows investors to purchase into managed strategies created by Pro Masters.
- Across all models, utilizers can mirror trades via real‑time feeds, structured strategy shares, or even TradFi instruments on MT5.
- The platform supports high leverage and robust infrastructure, creating it one of the leading choices for derivatives and active traders.
Market Depth and Liquidity Metrics
- Bybit’s recovery to $13 million per day in BTC market depth within 30 days post‑hack speaks to its backfinish resilience.
- The Proof of Reserves audits also reinforce liquidity transparency, particularly during crises.
Bybit Security and Incident Statistics
- On February 21, 2025, Bybit fell victim to the largest crypto exalter hack ever, losing approximately $1.4–1.5 billion in Ethereum.
- The breach stemmed from a compromised Safe{Wallet} cold wallet transfer, resulting in a flood of withdrawal requests.
- Through emergency borrowing from peers, Bybit replenished reserves within 72 hours, restoring client assets to $14 billion.
- Bybit’s market share dropped from 12% to 8% following the incident.
- Bybit has collaborated with forensic experts and offered a 10% bounty for recovered funds, up to $140 million.
- The FBI and blockchain analysts linked the attack to North Korea’s Lazarus Group.
Proof of Reserves and Asset Holdings
- A Hacken‑verified audit on February 26, 2025, confirmed that Bybit’s reserve ratio exceeded 100%.
- A follow‑up audit on August 14, 2025, reaffirmed that reserves stayed above 100%.
- Bybit maintains a real-time PoR portal, enabling utilizers to indepfinishently verify the backing of their assets.
- These audits highlight Bybit’s systematic approach to transparency and asset accountability.
Recent Developments
- The 2025 World Series of Trading (WSOT) attracted over 350,000 participants, more than quadruple 2024’s turnout, with 1,400 squads.
- Compliance with the EU’s MiCA regulations and the launch of Bybit.eu have expanded Bybit’s legitimacy within the EEA.
Conclusion
Bybit’s story weaves resilience, transparency, and growth. From 32 million successful copy trades, audited reserves above 100%, to a swift $1.4 billion recovery, the platform has navigated adversity with data-backed resolve. Its expanding global presence, from MiCA compliance to record-breaking WSOT engagement, cements its influence. Investors and casual utilizers alike can rely on this robust foundation. Stay curious, the trfinishs, risks, and innovations floor the crypto stage yet to unfold.
Disclaimer: The content published on CoinLaw is intfinished solely for informational and educational purposes. It does not constitute financial, legal, or investment advice, nor does it reflect the views or recommfinishations of CoinLaw regarding the purchaseing, selling, or holding of any assets. All investments carry risk, and you should conduct your own research or consult with a qualified advisor before creating any financial decisions. You utilize the information on this website entirely at your own risk.
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