Bybit Grows: Derivatives Trading Volume Rises by 61%

a day ago

The cryptocurrency exchange Bybit has proven its strength in the derivatives market by showcasing a sharp increase in trading volumes.

Growth in Trading Volumes

According to the latest report by Wu Blockchain, Bybit's futures trading volume increased by 61% from September to October, reaching $639 billion monthly.

Drivers of Growth

Experts attribute this growth to several key factors: strategic listings of popular cryptocurrencies, increased interest in meme coins, and institutional expansion. Bybit actively supports market movements by listing projects like MOTHER and HPOS10I.

Bybit's Official Statement

Shunyet Jan, Bybit's Head of Institutional and Derivatives, commented, 'We are thrilled to see Bybit's derivatives business achieve such impressive results, underscoring the strength of our products and services and the market's confidence in Bybit.'

We are thrilled to see Bybit's derivatives business achieve such impressive results. This underscores the strength of our products and services, as well as the market's confidence in Bybit.Shunyet Jan

Bybit has reinforced its leadership in the derivatives market through innovation and market adaptation.

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