Источник Bitcoinist.com
Заголовок Push For Dominance: Bybit Surpasses Coinbase To Become Second-Largest Crypto Exchange
Дата 20240626

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============= Обработанный текст:
Push For Dominance: Bybit Surpasses Coinbase To Become Second-Largest Crypto
Exchange

Push For Dominance: Bybit Surpasses Coinbase To Become Second-Largest Crypto
Exchange

by Godspower Owie

2 mins ago

in Crypto News

0

In a remarkable milestone for the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта sector, Bybit , a leading
Singapore-based crypto exchange has surpassed San Fransisco-based crypto
exchange Coinbase in terms of trading volume, securing its position as the
second-largest crypto exchange in the world.

This milestone demonstrates Bybit s quick expansion and growing power in
the global digital asset market as it draws in an ever-widening range of
users. The accomplishment occurs in the midst of a competitive and dynamic
environment for cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchanges, where platforms are always coming up• Музыка » Музыкальные произведения » Музыкальный альбом » Альбомы Suede » Coming Up
with new ideas to gain market dominance.

Bybit s Overall Market Shares Doubles

As of the latest market data, Bybit is now barely behind Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance, the
world s largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange, with its trading volume having
surged past that of Coinbase . The crypto exchange has successfully scaled its
operations and improved its platform to serve both retail and institutional
traders, as this achievement highlights.

Related Reading: Bybit Clarifies Position On Reported UK Exit

According to data from Kaiko, since October 2023, Bybit s market share
has climbed from 8% to 16%, while Coinbase s share has increased by 1%
during the same time frame. Even though Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance reached a settlement with US
regulators in late 2023, which may have reduced its regulatory worries, the
exchange
s dominance has been declining since October, falling from 60%
to 54%.

Kaiko reported that the increase in the platform s trading volume was
driven by various factors such as the new Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Exchange-Traded Funds (ETFs)
offerings and affordable gas fees, which are among the lowest in the sector.
Over time, Bybit has successfully embraced a user-centric strategy by
providing a wide selection of cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта competitive trading fees, and
cutting-edge trading tools.

In February 2023, the platform introduced free trading for USDC, whereas
Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance has been promoting TUSD and FDUSD for the last year. Although the
exchange
s low fees give it a competitive advantage, Kaiko noted that
they are not the main cause of the growth.

Kaiko s analysis of spot trade volumes by asset shows that Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin , whose market shares have increased from 17% to 53% since last year,
have also contributed significantly to the volume surge on Bybit.

Surge In Derivatives Trading Offerings

It is important to note that Bybit has demonstrated initiative in introducing
new services, including derivatives trading and an extensive array of trading
tools, that have found favor with a worldwide audience.

Related Reading: Don’t Get Bitten! France• Франция Cracks Down On Unregistered Crypto
Platform Bybit

According to Kaiko s report, the crypto exchange s fast-growing
derivatives offering has also contributed to its extensive spot market share.
The platform derivative market witnessed a notable surge in 2023, solidifying
its position as the second-largest after Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance.

Bybit saw considerable growth in the first half of 2023, despite the fact that
its market share of open interest has been unchanged since October. This would
suggest that Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance s regulatory issues contributed to the
exchange
s growth. Overall crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap at $2.219 trillion |
Source: TOTAL• Объект бренды » Бренды на t » Total on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

============= Итог: 5,1971 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 5,1971 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum 4,2971 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Binance 1,3320 ; Музыка#Музыкальные произведения#Музыкальный альбом#Альбомы Suede#Coming Up 2,0000 ; Франция

============= Объекты:

============= Географические объекты: 1 46.850000000,2.566666667 Франция

============= Связи: Bitcoin # ассоциации 2014-*** # Ethereum Франция # объект-география # Total


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