Bybit, one of the world’s top three crypto exchanges by trading volume, has reached a monumental milestone, surpassing 30 million registered users globally, as per the information shared with Finbold on May 21.
This achievement comes during a period of exceptional Web3 growth, solidifying Bybit’s position as a leader in the blockchain industry.
Bybit’s market share surge
Bybit’s market share in spot trading has surged from 2% in 2023 to an impressive 9.3% in 2024, a nearly 400% increase according to the latest Kaiko Research quarterly report.
This leap from the previous year’s 7.3% underscores Bybit’s dominance in the cryptocurrency arena.
The growth can be attributed to a steadfast commitment to user security and trust, exemplified by regular proof-of-reserve audits that ensure transparency and accountability with user funds.
The platform has had no major breakdowns or hacking incidents since its inception in 2018.
30 million users on Bybit
Industry recognition further illustrates Bybit’s dedication to security and transparency.
The exchange has received a perfect 10/10 Trust Score from CoinGecko and an AA rating in the recent CCData Crypto Exchange Benchmark Report.
Ben Zhou, Co-founder and CEO of Bybit, highlighted the importance of the new milestone, emphasizing the role the platform’s global user base played in achieving it:
“Reaching 30 million registered users is a humbling achievement, and it wouldn’t be possible without the unwavering support of our vibrant global crypto community. We are incredibly grateful for their trust and remain committed to providing best-in-class, reliable services tailored to local needs. Bybit actively collaborates with regulators worldwide to ensure compliance and responsible innovation.”
The forefront of Web3 innovation
Bybit has been at the forefront of Web3 innovation, reshaping how users interact with the blockchain ecosystem through user-centric and engaging platforms.
In 2024, Bybit expanded its suite of offerings with breakthrough solutions like the Airdrop Arcade, NFT Pro (a decentralized non-fungible token platform), and Inscription Marketplaces.
These platforms are designed to lower entry barriers, enriching the user experience by curating opportunities to invest in and support a diverse range of tokens and projects.
Bybit’s recent Solana Fiesta and Bitcoin economy livestream also introduced a lot of newcomers to these fast-growing ecosystems and their opportunities.
Democratizing Web3 through gamification and data intelligence
Bybit lowers Web3 entry barriers by making participation easier and more enjoyable through gamification and advanced data intelligence.
Zhou emphasised Bybit’s commitment to revolutionizing the industry, stating:
“Today’s milestone signifies more than just numbers; it’s a testament to our ongoing dedication to revolutionizing the crypto landscape. Bybit remains committed to shaping the future of crypto. We will continue to uphold the values of listening, caring, and improving, to serve our 30 million users with the most professional products. Protecting the interests of our clients will be ingrained in all product designs. We envision a world where Web3 empowers every individual, where financial inclusivity is not just a goal but a reality.”
This commitment extends to the upcoming launch of Bybit Web3 DEX Pro, a cutting-edge decentralized exchange (DEX) platform powered by revolutionary i-SMART data intelligence technology.
Bybit’s innovation empowers users with tools that meet and exceed the needs of modern traders and investors.