Bybit the crypto exchange
Bybit has overtaken Coinbase to become the world’s second-largest cryptocurrency exchange after Binance, according to a report from crypto research firm Kaiko.
The launch of spot Bitcoin exchange-traded funds (ETFs) in the US contributed to the exchange market share doubling to 16% in March, up from 8% in October 2023.
In contrast, Coinbase saw a modest increase of just 1% over the same period, as per Kaiko’s data.
Bybit’s growth was also fueled by low trading fees and an expanding array of derivatives. Additionally, the exchange benefited following a US Commodity Futures Trading Commission lawsuit against Binance in March 2023.
Binance’s market share dropped to 54% in March from 60% in October, Kaiko reported.
Founded in Singapore, The exchange market has relocated its headquarters to Dubai, where local officials are actively seeking to attract more cryptocurrency companies.
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
Thank you so much for your appriciation. We are keep trying to post valuable informatoin on our website, stay connected.
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
Thank you Layne Jacobs for your valuable feedback.It is motivating us for better content
I do not even understand how I ended up here, but I assumed this publish used to be great
Thank you so much for your appreciation.
This was beautiful Admin. Thank you for your reflections.
It’s nice to see your comment. Thanks alot.
very informative articles or reviews at this time.
Pretty! This has been a really wonderful post. Many thanks for providing these details.
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
I appreciate you sharing this blog post. Thanks Again. Cool.
Nice post. I learn something totally new and challenging on websites
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!