Bybit

Bybit is a Cryptocurrency exchange, created in March 2018. Bybit is headquartered in Dubai, United Arab Emirates. As of November 2024, Bybit is the 2nd largest Cryptocurrency exchange in the world.
History
In March 2018, Ben Zhou founded Bybit. Initially, Bybit started as a Cryptocurrency derivatives platform offering perpetual contracts on several cryptocurrency pairs. Its operations span worldwide, excluding the United States, mainland China, Singapore, Quebec (Canada), and some other jurisdictions. Today, Bybit provides cryptocurrency trading, passive income products, an NFT marketplace, a token issuance platform, and institutional services.
In November 2019, Bybit organized "BTC Brawl," a Bitcoin trading competition. Since 2020, Bybit has held the annual World Trading Tournament (WSOT), In November 2020, the German soccer team Borussia Dortmund signed a partnership with Bybit.
In May 2021, Bybit launched the ByFi Center (now called Bybit Earn) to provide access to DeFi products. On July 15, 2021, Bybit began spot trading. In August 2021, Bybit signed Esports sponsorships with NAVI, Virtus.pro, Astralis, and Alliance. In September, Bybit partnered with BitDAO (BIT) to launch Bybit Launchpad, aimed at KYC-compliant Bybit users. Bybit also partnered with identity verification provider Sumsub in July 2021 to enhance its identity verification capabilities.
In October 2021, the total number of registered users worldwide exceeded 10 million.

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