Trading volumes of Bitcoin on the Bybit cryptocurrency exchange have significantly increased, rising from 2% in 2023 to 9.3% in the first quarter of 2024. This was reported by representatives of the platform to Incrypted.

According to the team's statements, Bybit is now among the top three cryptocurrency exchanges by spot trading volume. Since its establishment in 2022, the exchange has seen steady growth.

Information from the research company Kaiko shows that spot trading volume of Bitcoin on Bybit increased by almost 400% in the first quarter of 2024.

The press release also notes the market share growth of altcoins on the platform, which rose from 2.9% in 2023 to 8% in the current year, representing a 275% increase.

The increase in trading volumes was facilitated by the introduction of the Unified Bybit Trading Account, allowing the platform to leverage new market opportunities driven by changes in competitive conditions.

In addition, Bybit continues to focus on improving customer service, strengthening security measures, and technological development, according to information from the press release.

Bybit emphasizes that the exchange is focused on continuously improving its services to meet the rapidly changing needs of its community. The press release mentions that with a deliberate strategy and a constant pursuit of excellence, the company is able to strengthen its position as a market leader in cryptocurrencies.