Business Daily Media
Times Affiliate Marketing


.

Bybit Reports Surge in Trading Volume Amidst USDC Volatility

  • Bybit's spot market volume for USDC grows by 1,437%
  • Bybit becomes No.2 crypto exchange in MENA

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 17 March 2023 - Bybit reports a surge in volume for USDC pairs as the world's third most visited crypto exchange ramps up efforts to meet market demands. Relying on trusted platforms to navigate the recent crypto and banking volatility, customers are turning to Bybit for its rock-solid security and market depth.

Bybit's spot market volume for USDC grew 1,437%, with USDC contribution to the total spot trading volume rising from 8% to 40%. Bybit's perpetual market saw the daily trading volume of the USDC/USDT pair exceeding $380 million, and the annualized funding rate reaching as high as 740%.

Bybit's success is a testament to its rapidly expanding user base, and the trust traders, institutions, and investors put in the platform. Bybit's battle-tested trading engine, proof of reserves, and sound risk management have seen the crypto exchange grow its market share throughout 2022 despite challenges — a trend that continues in 2023.

To optimize the trading experience and flexibility in portfolio management, Bybit is now offering zero fees on its options contracts and zero fees on all USDC Spot pairs and major stablecoin pairs such as USDC/USDT, BUSD/USDT, DAI/USDT, and WBTC/BTC.

While long-term issues affect the legacy financial system, the crypto exchange has been offering new alternatives from the world of Web3 including Bybit Wallet, which allows users to access decentralized finance apps while keeping their funds safe in custody. The newly launched Bybit Card, a debit card powered by the Mastercard network, allows users to off-ramp crypto into fiat to easily make purchases or take out cash from ATMs. The digital card is already available with preorders for the physical card commencing March 17.

Bybit has also announced the plan for a new headquarters in Dubai in spring 2023. With more than 400 crypto and blockchain businesses operating in the Middle East's burgeoning digital assets hub, Bybit has taken the No.2 spot among exchanges in the region. In just under a year, Bybit has generated $33.5b in trading volume across the Middle East and North Africa and is on track to double that figure in 2023.

"One thing we do well at Bybit is to Listen, Care and Improve. It is our job to be there for our customers when they need us the most. And we are able to support the surge in volumes in volatile markets because of years of building on platform integrity, fund safety, security, product integrations and risk management. We are determined to empower our customers with next-level products such as AI trading bots, easy fiat conversions, and proof of reserves," said Ben Zhou, co-founder and CEO of Bybit. "Bybit is the choice of reliability and transparency in times of high volatility, and these are qualities that will steer Bybit towards its goal of becoming the go-to 'Crypto Ark' for investors worldwide," he said.

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit:

For updates, please follow:










News from Asia

Choosing a University: SIM Highlights Why Accessibility Support Should Be Considered Before Enrolment

SINGAPORE - Media OutReach Newswire - 26 October 2026 - Programme choice, fees, university recognition and career prospects are often among the first considerations when students compare higher ed...

Philippines’ Day One Champions Shine at ACES Awards 2026

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 26 October 2026 – The Philippines shone on the opening day of the ACES Awards 2026, celebrating leaders and organisations whose achievements brou...

Philippine Excellence Takes Centre Stage on Day One of ACES Awards 2026

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 26 October 2026 – Philippine honourees brought stories of people, purpose and possibility to the opening day of the ACES Awards 2026, showing how...

Philippines’ Day Two Honourees Champion Possibility at ACES Awards 2026

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 26 October 2026 - Philippine entrepreneurs, executives and institutions brought ambition and purpose to the second day of the ACES Awards 2026, c...

BloodCounts! will develop frontier AI models for routine blood tests to improve healthcare

Mathematicians and clinicians will use AI for healthcare to detect diseases earlier in the human body by revealing new patterns in the full (or complete) blood count test SINGAPORE – Media Out...

Beyond the Trophy: ACES Awards Asks What It Really Takes to Build Excellence

Behind every champion is someone who believed first, a message that resonated beyond the ballroom at this year’s ACES Awards.KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 26 October 2026 – Am...

Tsinghua University Reports Highlight an Emerging Trend in City Hotlines in both China and the World: From Public Service Portals to Urban Governance Hubs

BEIJING, CHINA – Media OutReach Newswire – 26 October 2026 – Tsinghua University has released two major evaluation reports examining the development of city hotline services in China and around th...

Exotic Food Showcases Its Position as a Leading Global Sriracha Producer and Exporter at SIAL Paris 2026

With products sold in more than 80 countries, Thailand’s leading Sriracha producer highlights its global distribution strength, product innovation and ambition to grow Thai Sriracha on the world s...

AOT Engages Over 50 Airlines and Airport at Routes World 2026 to Boost Thailand’s Global Connectivity

BANGKOK, THAILAND – Media OutReach Newswire – 26 October 2026 – Miss Paweena Jariyathitipong, President of Airports of Thailand Public Company Limited (AOT), and Mr. Sirote Duangratana, Senior Exe...

AEON Bank Debuts ‘Financial Purr-Sona’, A New AI-Powered Interactive Feature of Neko Sensei

A new interactive feature in the AEON Bank app offers dynamic financial persona, Neko Sensei’s Ringgit savvy coaching and exclusive rewards through Neko MissionsKUALA LUMPUR, MALAYSIA - Media Out...

Australian workers spend almost an hour a day administering email

Research finds email filing, searching and rework consuming an estimated 58 minutes a day and potentially exposing organisations to millionsAustralian...

Customer Service Is Becoming Part of the Small Business Sales and Marketing Engine

For Customer Service Week, 5-9 October, Thryv is urging small businesses to look beyond generating  enquiries and examine what happens after a custome...

Gift Cards as the gateway to agentic payments

Prepaid and stored value gives consumers the trust and control to try AI shopping agents By Blackhawk Network VP Head of ANZ Kieran Nolan For deca...

Why Data Accumulation Without Governance Undermines Sustainability Goals

In July 2026, Group 2 entities, the second cohort of Australian businesses, began their first reporting period under the mandatory climate disclosur...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...