Bybit status

Founded in 2018, Bybit has quickly emerged as one of the world's leading cryptocurrency derivatives exchanges, specializing in perpetual contracts with up to 100x leverage. Known for its robust trading engine that handles high volumes without downtime, Bybit caters primarily to professional traders while maintaining an intuitive interface for beginners. The platform stands out for its innovative products like USDC Options and Unified Trading Account, alongside copy trading and a $100 million insurance fund to protect users. Its native token, BIT, offers fee discounts and ecosystem rewards. Headquartered in Dubai with over 10 million users, Bybit navigates global regulations while expanding into spot trading, NFTs, and Web3 services. Despite competition from Binance and OKX, its focus on derivatives, reliability during market volatility, and partnerships (like with Red Bull Racing) fuel its growth as a crypto powerhouse.