The Dubai exchange attributes this increase in volume to its new cryptocurrency listings, which included both popular new coins and trending meme coins. Bybit noted on Tuesday that recent additions, such as GOAT, MOODENG, and GRASS, have expanded the platform’s appeal to a diverse set of retail traders.
The company claims that embracing the meme coin trend—an ongoing fixation within the crypto sector—has enhanced its standing in the market. Bybit stated that listings of coins like MOTHER, NEIROCTO, and SPX attracted considerable trading activity from meme coin communities, contributing to the platform’s retail engagement.
Bybit also asserts growth in its institutional client base, reportedly driven by its focus on security and regulatory compliance. The Tuesday statement claims that institutional investors, including hedge funds and asset managers, increasingly view Bybit’s tools and risk management features as beneficial.
According to Shunyet Jan, Bybit’s head of institutional and derivatives, the reported increase in volume reportedly highlights the strength of Bybit’s derivatives offerings and indicates sustained confidence in the platform. Bybit said it continues to invest in its trading features as it aims to secure a strong position within the highly competitive digital asset sector.
“We are thrilled to see Bybit’s derivatives business achieve such impressive results,” the Bybit executive told Bitcoin.com News. “This underscores the strength of our products and services, as well as the market’s confidence in Bybit. We will continue to invest in our platform and provide an exceptional trading experience for our users, solidifying our position as an industry leader.”