Leading crypto exchange Bybit recently held its year-end product launch and review session dubbed “Bybit Next Level” where the platform’s CEO Ben Zhou recounted numerous milestones achieved throughout 2021 and the new suite of products and services the exchange will soon launch for its users around the world.
A Significant 2021 for Bybit
One of the largest digital assets exchanges in the world by reported trading volume Bybit had nothing short of a spectacular 2021.
Bybit supports spot trading, derivatives trading, and offers a robust token launchpad to cater to investors from all walks of life. In addition, the exchange allows users to stake and earn yields via ByFi Center to ensure the platform’s users get the most out of it.
In 2021, Bybit witnessed its global user base grow by 77% and is currently serving global communities from over 150 countries and supports 13 languages. Notably, more than $1.7 trillion worth of crypto asset transactions took place just in the last quarter on Bybit.
Bybit ensured that its users never face any issues during turbulent times in the market which is evident from its 99.9% uptime throughout 2021.
In addition, Bybit inked numerous partnerships all year round with leading esports teams such as NAVI, Astralis, Alliance, and Virtus.Pro to bridge the distance between the two highly-cohesive communities.
Further, Bybit added new partnerships on top of its existing sponsorship with the leading German professional sports club Borussia Dortmund (BVB). Some of the partnerships inked by Bybit are becoming the global sponsor of the Argentine Football Association and a sponsor of Avispa Fukuoka, a Japan-based professional football club.
Bybit Gives Back to the Community
While commercially 2021 was unlike any other year for Bybit and other crypto exchanges, Bybit ensured it did its fair bit in giving back to the community.
Accordingly, Bybit committed more than $800,000 in bitcoin (BTC) to UNICEF to aid girls’ education efforts in East Asia and the Pacific.
Additionally, Bybit contributed over $300 million and pledged to donate 2.5bps of futures trading volume to BitDAO. For the uninitiated, BitDAO is one of the world’s largest token governed treasuries that is leading the next generation of Web3 organizations.
What’s in the Pipeline?
While Bybit had a spectacular 2021, the next year is expected to be even more eventful for the leading crypto exchange.
For instance, Bybit is mulling introducing options trading such as support for European options and linear options contracts collateralized in USDC.
Further, there are also plans to introduce USDC perpetuals and portfolio margin which follows a risk-based model for trading veterans such as market makers and institutional clients.
The exchange will introduce unified margin accounts that combine different types of accounts to offer users unparalleled flexibility to achieve their financial goals.
Bybit is also primed to introduce the grid trading feature that features a trading bot within Bybit’s ByFi Center to help users automate their buy and sell orders placed at predetermined intervals by adjusting the leverage amount according to their appetite for risk.
Finally, Bybit is eyeing to launch institutional-grade services, enable support for Web3.0-based wallets to store DeFi assets, NFTs, and other emerging asset types, launch a loyalty program called “Trader Circle”, and launch the Bybit NFT marketplace.
Towards the end of the session, Bybit CEO, Zhou added:
“2021 has been a rollercoaster year for crypto. To our supporters, thank you for making history and being at the forefront with us to witness the evolution of the industry. We will continue to bring our A game and take the industry further by bringing Next Level Trading to you and elevate your overall experience.”
You can catch the full broadcast of the session at the following links:
Facebook Live: https://fb.watch/9NqZB52TWj/
RU YouTube Stream Link: https://youtu.be/eOnaG6FaqHE
ES YouTube Stream Link: https://youtu.be/xEuVPTL9Gk8