Crypto exchange Bybit makes liquidation data accessible to the public, setting new transparency standards amid rising industry concerns.
A New Era of Transparency at Bybit
Bybit is the first exchange to make liquidation data fully public. This move distinguishes Bybit from other crypto exchanges in terms of transparency and may signal a new trend in the industry.
Enhanced API and Its Importance for Users
Bybit’s new API adds the 'All Liquidations' topic, allowing users to receive real-time data every 500 milliseconds. This provides immediate access to crucial information, significantly enhancing user trust in the platform.
Market Impact and Future Prospects
Public access to liquidation data helps investors find precise support and resistance levels, improve risk management strategies, and develop advanced trading strategies and analytical tools. This could attract institutional investors to partner with Bybit.
Bybit's initiative to make liquidation data public is setting a new standard in the crypto industry, fostering both user trust and a more reliable trading environment.
