Bybit, one of the world's leading crypto exchanges, has achieved a monumental milestone, surpassing $100 billion in daily trading volume earlier this week, according to the company's Wednesday press release.
The new achievement represents a fourfold increase compared to the platform's daily average of 25 billion, cementing its position as the world’s second-largest crypto exchange, said Bybit.
The platform's trading system also boasts high performance, with a Trading Per Second (TPS) capacity of 800,000, up from the previous 500,000, Bybit stated.
The surge in trading volume was driven by strong activity across various products, including perpetuals, futures, spot, and options, the company noted. According to Bybit, its robust platform infrastructure contributed significantly to this growth as well as its commitment to providing clients with an excellent trading experience.
With support for over 20 languages, Bybit serves a global user base of more than 39 million registered users. This growth highlights the platform's global appeal.
“This record-breaking trading volume is a testament to Bybit's dedication to providing a world-class trading platform that meets the evolving needs of our users and growing community, said Joan Han, Sales & Marketing Director at Bybit. "We are committed to maintaining our position as a leading cryptocurrency exchange by continuously enhancing our offerings and prioritizing user satisfaction.”
