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  • Bybit Expands Global Reach, Kazakhstan

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).

    As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.

    “Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”

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    Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.

    This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.

    Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.

    By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.

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  • Bybit Offers: Up to 3,000 USDT in Rewards

    Bybit, the world’s second-largest web3 platform by trading volume, announced the launch of its Block Merchant program, designed to empower users to maximize their earnings while buying or selling cryptocurrencies. Through this exciting initiative, Bybit aims to recognize and reward the valuable contributions of its P2P users.

    By becoming a Bybit Block Merchant, users can unlock a range of exclusive benefits, including:

    • Lucrative USDT Merchant Rewards: Earn substantial rewards for buying or selling crypto.
    • Enhanced Visibility: Enjoy a prominent position on the platform with a special diamond label and higher priority than Bybit Verified Advertisers.
    • Increased Transaction Limits: Process larger transaction volumes with a single order limit raised to 200,000 USDT.
    • Priority Ad Ranking: Achieve top-tier visibility among advertisers under similar conditions.
    • Swift Appeal Resolution: Benefit from expedited customer service support for any issues.

    Bybit is committed to providing its users with exceptional trading experiences and opportunities to thrive in the dynamic cryptocurrency market. The Block Merchant program reflects our commitment, offering users a chance to boost their income while contributing to the growth of the Bybit P2P ecosystem.

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  • Bybit Crypto Games: Cashback When You Spend

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to introduce the Crypto Games Card Cashback. This event, running from Jul. 18, 2024, through Aug. 11, 2024, offers enhanced benefits to users who explore the convenience and power of using their Bybit Card at sporting shops.

    Bybit Crypto Games: Cashback When You Spend on Sports with Bybit Card
    Bybit Crypto Games: Cashback When You Spend on Sports with Bybit Card

    During the event, any Bybit Card transaction made at qualifying sporting merchants will benefit from the standard auto-cashback of up to 10% and an additional 10% cashback. This special offer is capped at $25 USD, ensuring participants enjoy significant savings. Furthermore, new card users are warmly welcomed with an additional $25 USD/EUR bonus when their first transaction is made within the sporting category.

    The Bybit Card, powered by Mastercard and issued by Moorwand, is designed to bridge the gap between cryptocurrency and the fiat world seamlessly. Cardholders can directly debit their crypto balances, converting assets like BTC, ETH, USDT, USDC, and XRP into EUR, USD or ARS to make everyday purchases or withdraw cash from ATMs.

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    Additionally, the Bybit Card integrates smoothly with Google Pay and Apple Pay, enhancing the user experience by providing an easy, secure, and fast method to make payments on the go, right from their smartphones.

    “The Bybit Card makes the key link between crypto and real-world spending,” said Joan Han, director of sales and marketing. “With this card, we are simplifying the off-ramping of cryptocurrencies and enriching our users’ spending options. The Crypto Games Card Cashback event invites users to experience these benefits firsthand.”

    This event is an exciting opportunity for Bybit users to maximize their spending power while enjoying the flexibility and security offered by the Bybit Card. Whether shopping for sporting goods or exploring new merchants, Bybit cardholders can look forward to more benefits and bonuses throughout the promotional period.

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  • Grow Your Ethereum Portfolio Masterclass Livestream – Bybit

    Bybit, the world’s second-largest crypto exchanges by trading volume, is excited to announce its first-ever Ethereum (ETH) Masterclass, a free online event that shows ETH’s capacity to drive the next bull run. This masterclass, designed for seasoned crypto investors and newcomers, will explore the opportunities in decentralized finance and Bybit Web3 to grow your ETH position.

    Bybit Web3 Presents: Grow Your Ethereum Portfolio Masterclass Livestream and YieldNest Giveaway
    Bybit Web3 Presents: Grow Your Ethereum Portfolio Masterclass Livestream and YieldNest Giveaway

    Scheduled to stream on Jun. 28, 2024, at 6AM UTC, the ETH Masterclass will feature experts who will coach viewers on managing their portfolios and finding new ways to grow their ETH holdings. The event promises to be an invaluable resource for anyone looking to deepen their understanding of decentralized finance (DeFi), and the Ethereum ecosystem, and capitalize on its growing potential using Bybit Web3.

    Featured Trainers:

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    • Sam Kazemian, founder of Frax Finance
    • Deo Brands, co-founder of YieldNest
    • Emily Bao, Bybit Web3 evangelist
    • Cryptos Cobra, founder of Cryptos Cobra

    Hosted by Nathan Thompson, lead tech writer at Bybit.

    Participants can also pre-register, take the Ethereum poll, and unlock a share of 36,000,000 PEPE tokens during the event period from Jun. 21, 2024, 8AM UTC to Jul. 5, 2024, 11:59PM UTC.

    YieldNest, a participant in the livestream, will join the giveaway by offering three exclusive YieldNest NFTs, typically only given to users with 5+ restaked ETH at YieldNest. These NFTs provide a +15% boost on YieldNest Seeds.

    Livestream Details:

    Mark Your Calendar: Jun. 28, 2024, 6AM UTC

    Tune In: Watch Live

    Join us for this transformative event and equip yourself with the knowledge to navigate and capitalize on the evolving Ethereum landscape.

    #Bybit / #TheCryptoArk / #BybitWeb3

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  • Bybit: Three Top Crypto Bosses Discuss Web3 Future Forum

    Three teams; Team DeFi, Team Real-World, and Team Chains had a part in this debate.

    Here’s what we learned in a nutshell:

    Team DeFi: Revolutionizing Finance and Culture

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    Jonah Lau and Andrea Baglioni, passionately argued for the mainstream adoption of games, meme coins, and NFTs.
    They said these elements drive community and cultural movements within the crypto space. The team also delved into DeFi’s potential to address significant issues such as climate change and global remittance.

    Team Real-World: Bridging Traditional Finance with Web3

    Philip McMaster and Grover focused on the idea of making blockchain accessible to the average person and tackling significant global issues. They believe real-world assets (RWA) and decentralized physical infrastructure networks (DePIN) can revolutionize digital economies.

    Team Chains: Building the Future of Blockchain Infrastructure

    Jerome Ong and Joaquin Mendes Izard explored the integration of AI into the Web3 space, discussing how these technologies can drive innovation and functionality. They believe a robust and scalable blockchain ecosystem can support the next wave of Web3 applications and services.

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  • Bybit Card now in Australia

    Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to announce the Bybit Card is now available in Australia. Issued by Flywallet and leveraging Mastercard’s global payments network to process transactions securely, this card debits crypto balances on Bybit and converts them seamlessly into fiat money used to pay for card transactions.

    Special Welcome Bonus Offer for New Bybit Card Users

    Bybit is providing a special $10 USD bonus to all users who successfully complete their application, $10USD for the first deposit of at least $100AUD and $5USD after the first transaction. Users will be required to pass Bybit’s KYC process to be eligible.

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    Since its launch in March 2023, the Bybit Card has a multi-asset spending feature that automatically converts five supporting cryptocurrencies (including BTC, ETH, and USDT) into fiat currency for card payments and ATM withdrawals. With rewards like up to 10% cashback on expenditures and an array of redemption options from trading bonuses to exclusive merchandise, the Bybit Card caters to a spectrum of user preferences and its VIP tier offers enhanced benefits for elite customers.

    “The introduction of the Bybit Card in Australia marks a significant milestone in our journey towards integrating digital currency into everyday life,” said Ben Zhou, co-founder and CEO. “We are committed to offering our users innovative solutions that combine the flexibility of cryptocurrency with the convenience of traditional finance.”

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  • Jupiter tokens to be available on Bybit’s spot & derivative trading platforms

    Bybit, the world’s third largest cryptocurrency exchange by trading volume, will introduce JUP, the native token of Jupiter – a pioneering liquidity aggregator on the Solana network. The JUP token, which will debut on spot and derivative trading platforms on January 31, will play a key role in Jupiter’s future decentralized autonomous organization (DAO), billed as a pioneering model of decentralized governance.

    Bybit is among the three largest cryptocurrency exchanges in the world in terms of the volume of spot and derivative transactions, as well as network traffic, so it is ideally suited for the debut of one of the most anticipated tokens in the cryptocurrency industry. The JUP token debuting on the stock exchange will be characterized by one of the highest levels of liquidity on the cryptocurrency market, which will favor the natural formation of its price.

    Its official stock exchange debut is scheduled for January 31, 2024, at 15 UTC time. Payment of JUP will be possible from February 1, 2024, at 10 UTC time. Spot transactions will be launched first. An hour later, perpetual contracts will become effective.

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    “Before every debut on Bybit, we conduct detailed due diligence on the project and the team responsible for it, and that’s what we did with Jupiter,” said Ben Zhou, co-founder and CEO of Bybit. – Jupiter accounts for 65% of the turnover on decentralized exchanges on the Solana network, which is an impressive result proving its enormous potential. Thanks to JUP, our users will gain new opportunities in the dynamic world of decentralized finance.”

    Jupiter, which handles the majority of the trading volume of decentralized exchanges on the Solana Network, has been a key player in the DeFi industry since its inception in October 2021. Jupiter is the first on-chain cryptocurrency exchange aggregator on the Solana Network and has revolutionized DeFi trading by minimizing slippage and ensuring faster execution thanks to routing across various decentralized exchanges.

    The debut of the JUP token and the accompanying airdrop are the next step after a series of successful airdrops in the Solana ecosystem, which contributed to the bull market at the end of 2023.

    The debut of JUP on the Bybit exchange is expected to generate great interest both among current supporters of the Solana network and new investors seeking to diversify their cryptocurrency portfolios.

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  • Bybit Web3 Surpasses 1 Million Wallet Users

    Bybit, the world’s third largest crypto exchange by volume, today announces the launch of its Keyless Wallet, a revolutionary self-custody solution redefining digital asset security and accessibility, as Bybit celebrates reaching 1 million users on our #BybitWeb3 wallet.

    Built upon cutting-edge Multiparty Computation (MPC) technology, Keyless Wallet empowers users with ultimate control over their assets, eliminating the need for vulnerable private keys and third-party trust. Bybit Web3 is also planning for the next upgrade by introducing seed phrase wallet in February 2024, marking another stride in user-centric solutions.

    “At Bybit, we believe Web3 holds immense potential, but complexity and security concerns remain significant barriers to entry,” says Ben Zhou, co-founder and CEO of Bybit. “Keyless Wallet is an important milestone of our Web3 vision to build a simpler, open, and equal ecosystem for everyone, where security isn’t sacrificed for convenience. Today, we are thrilled with the overwhelming support from the Web3 community as our Bybit Web3 wallet reaches 1 million users, marking a celebratory achievement in our journey towards a more inclusive digital landscape.”

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    Bybit’s Crypto Wallet Study Underlines the Importance of Both Security and Ease of Use

    As highlighted in Bybit’s recent crypto wallet study, security and user-friendliness are key factors when choosing a digital asset wallet. Bybit’s Keyless Wallet addresses this critical need by combining cutting-edge security with an intuitive interface.

    Powered by MPC technology, Keyless Wallet eliminates the need for users to memorize or store private keys, mitigating the risk of loss and compromise. Instead, private keys are distributed and processed in secure enclaves, significantly enhancing security without sacrificing convenience.

    MPC Wallets: Fortress for Your Crypto Assets

    1. Keyless Convenience: Users can experience keyless convenience by leveraging MPC technology. The keys are stored in pieces in separate locations and provide top-notch security without the need for traditional mnemonics.
    2. Revolutionizing Security: Users can enjoy unparalleled asset protection via Bybit Keyless Wallet.  The signature process of interacting with the Dapp will not show the complete private key, eliminating the risk of private key exposure and greatly improving the security of the private key and assets.
    3. Self-Custody Empowerment: Bybit Keyless Wallets empower the users with full ownership of assets and control over their private keys, pioneering advanced crypto asset protection.

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  • Crypto: Bybit and Wintermute Leadership Are Optimistic on Options Trading

    Bybit has achieved several important milestones in its 5th anniversary. These include reaching over 20 million users, explaining the web3 vision, and becoming the institutional choice for BTC and ETH. Although the number of crypto exchanges is increasing, the number of experienced liquidity providers is still limited. In the post-FTX era, market leaders such as Wintermute began to play an even more important role.

    Recently, Wintermute made a strategic decision to move to Singapore, further strengthening its position as a liquidity provider giant. Wintermute Asia also demonstrated its commitment to innovation and growth by executing its first option block transaction on CME.

    As FTX’s collapse continues to reverberate across the crypto industry, it represents a turning point for established players to differentiate themselves from the rest as well as navigate this promising but volatile market. Liquidity providers are the lifeline of activity in the crypto market, but their activities have always remained behind closed doors due to the inaccessibility of off-exchange data of these providers.

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    Now we have the opportunity to access first-hand insights from Bybit co-founder and CEO Ben Zhou, Bybit Corporate President Eugene Cheung, and Wintermute co-founder Yoann Turpin as they reflect on the past year and discuss growth strategies moving forward.

    Key points:

    Ben Zhou thinks professional options trading will increase.
Now officially based in Singapore, Yoann Turpin brings his experience as a former TradFi options trader and is optimistic about the future of crypto options trading.
Eugene Cheung announced that Bybit has launched an OTC pilot program.

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  • Bybit Web3 guide for cryptocurrency wallets

    Bybit, the world’s third largest cryptocurrency exchange by trading volume, is proud to present an in-depth study that provides guidance in the complex landscape of cryptocurrency wallets from a user’s perspective.

    The crypto industry is gradually maturing, so our study offers the development cycle, types, future prospects, key selection factors and a personalized guide to choosing the right crypto wallet.

    This step-by-step guide looks at the development cycle of crypto-wallets, breaks down the different types available, explains their future perspectives, and enables users of all levels to make informed decisions about storing digital assets.

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    “We think navigating the world of crypto-wallets shouldn’t be complicated,” says Ben Zhou, co-founder and CEO of Bybit. “Our study aims to bridge the knowledge gap and offer users the resources they need to make informed decisions about their digital assets. We want empowering anyone, regardless of experience, to confidently engage in the exciting world of the web3.”

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