Cryptocurrency exchange Bybit has published its first half 2025 report, outlining its performance amid challenging market conditions. The report highlights how the company navigated challenges and implemented innovative solutions.
Key Takeaways from the Report
As of May 9, 2025, Bybit had registered over 70 million users, reaffirming its position as the second-largest cryptocurrency exchange in the world by trading volume. The report highlights that the exchange did not incur client losses due to a 1:1 reserve guarantee, ensuring all user assets remained intact.
Other key achievements include:
- $73.36M frozen and $29.7M recovered via LazarusBounty. - BTC market depth rebounding to $13M/day within 30 days. - Over 5 million users on TradeGPT. - 2 million+ Bybit Card users.
Response to Cyberattacks
The first half of 2025 was marked by a coordinated cyberattack on a Bybit vendor by the Lazarus Group. Nevertheless, the exchange demonstrated resilience and promptly responded to the incident. Bybit implemented over 50 security upgrades following nine audits and achieved full Proof-of-Reserves.
Future of Bybit and the Crypto Industry
The second half of 2025 is poised to be a pivotal era for Bybit and the entire crypto industry. The company aims to expand its services to over 450 million Europeans after obtaining the MiCAR license in Austria, focusing on broader market outreach and increased responsibility in the crypto space. According to Bybit co-founder and CEO Ben Zhou, continuing investments in security and navigating market volatility will be a priority.
The Bybit H1 2025 report illustrates how leading companies in the crypto industry can discover innovations and enhance their reliability, even amid a crisis. Future plans involve active participation in shaping new security standards and integrating technologies into everyday life.
