Bybit, one of the world’s fastest rising cryptocurrency exchanges, held its end of year product review and launch session dubbed “Bybit Next Level”, where its CEO Ben Zhou shared new products and services that they will launch in the near future for its global users and highlighted their significant milestones.
He mentioned some of the milestones which include; serving all crypto lovers at all levels by supporting things like the new token launchpad.
Derivatives trading and yield staking services in the ByFi centre will have a launch pool to help users in their crypto trading journey.
Bybit currently supports 13 languages and has users from 150 countries, and recently saw an increase of 77% in its worldwide user base.
Bybit reported that it oversaw more than $1.7trillion in crypto assets transactions in the last financial quarter and has improved its systems to ensure 99.9% uptime throughout the year.
Bybit has also collaborated with leading esports teams like Astralis, NAVI, Virtus and Alliance to tighten the bond between such communities. Bybit has pledged to give $800,000 in Bitcoin to UNICEF to support girls education in the Pacific and East Asia. Bybit contributed over $300 million and has pledged to commit 2.5bps of futures trading volume to BitDAO, one of the largest token governed treasuries that empowers the next generation Web3 organizations.
Some of Bybit’s upcoming Products and Services are; Grid trading that comprises a trading bot within Bybit’s ByFi Cente, enabling users to automate their sell and buy orders.
Unified margin accounts that link all accounts enhancing convenience and flexibility.
It also offers custom-made solutions for institutions, including the Bybit NFTs marketplace, Trader circle loyalty program, Wallet 3.0 that supports 100 different assets, Options trading offering European options and linear options agreements collateralized in USDC. In addition, portfolio margin and USDC perpetual, which use a risk-based model for traders with experience and institutional clients, increase fund utilization formed on underlying volatility and price across options and perpetuals. Ending the session, Zhou said,
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 industry’s evolution. 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”.