What is Bybit?
Bybit is a cryptocurrency derivatives trading platform that launched in 2018. It focuses on perpetual contracts, which are derivative products that have no expiration date and allow traders to long or short cryptocurrencies like Bitcoin and Ethereum with leverage.
Some key features of Bybit include:
- Competitive trading fees starting from 0.075% for maker/taker
- High liquidity across BTC/USD, ETH/USD and other major trading pairs
- Fast trade matching engine capable of up to 100,000 TPS
- Supports up to 100x leverage
- Sophisticated risk management tools like Take Profit/Stop Loss
- 24/7 live chat support
- Mobile trading apps for Android and iOS devices
Bybit has quickly become one of the most popular margin trading platforms in the crypto space. It's known for its reliability, rapid order execution, and range of advanced trading features suited for both new and professional traders. The exchange is registered in the British Virgin Islands and serves customers globally.