Home / Markets News & Opinions / Bybit Unveils New Cryptocurrency Derivatives Exchange

Bybit Unveils New Cryptocurrency Derivatives Exchange

Last Updated April 13, 2023 10:35 AM
Press Release
Last Updated April 13, 2023 10:35 AM
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Cryptocurrencies have recently gained international attention, but the lack of transparent & feature-rich Crypto exchanges have left many looking for a better solution. Bybit is looking to fill the void after launching a new Cryptocurrency Trading Exchange in December of 2018.

Singapore – Jan 8th, 2019, Bybit Fintech has made international headlines in the world of Cryptocurrencies  as they formally announce the launch of their new Perpetual Cryptocurrency Contract Exchange. This exchange, unlike others, includes a feature-rich backend with even better support. Bybit is one of the only Crypto exchanges that support their users with a 24/7 multilingual customer support staff. They have expressed that their intent is to become the most user-friendly & transparent Cryptocurrency exchange worldwide, for both retail and institutional traders.

Bybit Fintech is a Singapore based company and has been involved in Blockchain since its inception. The founding team members have special expertise in Blockchain, Forex, and the financial industry. Their R&D team includes experts from BAT, while their risk control and operations teams consist of specialists coming from world famous companies like Morgan Stanley . Bybit aims to revolutionize today’s cryptocurrency market by combining the best of cryptocurrencies and traditional finance to bring about the industry’s safest, most reliable, fairest, and most user-friendly trading platform.

The newly launched Bybit Cryptocurrency exchange  offers a fixed maintenance margin of .5%, 100x leverage, and their matching engine can handle 100,000 TPS per contract. They are currently offering 10% off of taker fees. Taker fees are .075% while makers receive a rebate of .025%. Withdrawal fees are .0005 BTC, which is about 40% lower than the industry average (.0008 BTC). Other features include top-notch security, a state-of-the-art matching engine, an affiliate program and some of the best transparency tactics in the business.

During a recent press conference, the company spokesperson for Bybit was quoted as saying, “We pride ourselves on our transparency as we provide open access to our API and are currently building a platform to live stream our API so users can see exactly what is going on behind the scenes trading wise.” He went on to say, “We are also one of the few platforms with multilingual 24/7 live customer support; this point was one of the main focuses of our platform because when dealing with financial assets people should be able to speak to a real representative of the company at any time in their chosen language making our platform suitable for both professional traders and retail clients.”


To learn more about the all-new Bybit Cryptocurrency Derivatives Exchange, visit their official website at http://www.bybit.com