A look at Bybit's key milestones
The crypto space is constantly evolving and rapidly growing. At Bybit, we're excited to be at the forefront of this remarkable journey. Recently, we celebrated a monumental achievement: surpassing 78 million registered users globally. This incredible milestone is a testament to the trust and support of our community.
This article takes a look back at Bybit's journey, highlighting seven major milestones that have shaped our path from a budding derivatives exchange to becoming the second-largest crypto trading platform globally.
Key Takeaways:
Bybit recently surpassed 78 million registered users, reinforcing its strong global growth and user trust.
The platform records over $23 billion in daily average trading volume and serves users across 241 countries and regions, supported by 24/7 customer assistance.
Key milestones include the launch of WSOT, Spot trading, the Bybit Card, the incubation of Mantle Network, and MiCAR-aligned expansion in Europe.
Bybit's journey reflects a commitment to innovation, user-centric products, and the creation of a truly comprehensive crypto ecosystem.
Bybit hits 78M users
Bybit is proud to announce that our platform now serves over 78 million registered users worldwide. As of October 2025, our community spans 241 countries and regions, reflecting remarkable global growth and trust in our platform.
This expansion is mirrored in our trading activity. Bybit now records an average daily trading volume exceeding $23 billion across Spot, Derivatives, and Earn products. These milestones highlight not only the scale of Bybit’s operations, but also the strength and engagement of the vibrant community that continues to choose Bybit as their trusted crypto ark.
7 major milestones in Bybit's journey
Bybit's path has been marked by consistent innovation and user-focused development. Let's explore some of the key moments that have defined our growth and our commitment to the crypto community.
1. March 2018: Bybit launches
Bybit was founded and officially launched in March 2018, when one Bitcoin traded at around $6,000. From the very beginning, Bybit set out to offer a professional, intuitive, and reliable trading experience for both retail and institutional users worldwide.
Its early focus on crypto derivatives distinguished it from the crowded centralized exchange (CEX) landscape, laying the foundation for what would become one of the industry’s most trusted and innovative trading platforms.
2. July 2020: Bybit launches the World Series of Trading
In July 2020, Bybit launched the World Series of Trading (WSOT), its flagship global trading competition designed to celebrate skill, teamwork, and innovation in crypto trading. The debut event featured a 200 BTC prize pool, attracting thousands of traders and quickly evolving into a premier annual global competition with record-breaking rewards and charitable contributions through Bybit Games.
That same year, Bybit enhanced accessibility with the launch of the Bybit App, offering a seamless mobile trading experience that allows users to trade anytime, anywhere.
Bybit also introduced P2P (peer-to-peer) trading, empowering users to buy and sell crypto directly with zero fees, reinforcing its commitment to convenience and inclusivity for traders worldwide.
3. July 2021: Bybit launches Spot trading and supports BitDAO
In July 2021, Bybit expanded beyond Derivatives with the launch of Spot trading, introducing key pairs such as BTC/USDT, ETH/USDT, XRP/USDT, and EOS/USDT to provide direct crypto-to-crypto market access.
That same year, Bybit contributed over $3 million to BitDAO, one of the world’s largest token-governed treasuries, pledging 2.5 basis points of futures trading volume to help fund its long-term growth and ecosystem development.
4. February 2022: Bybit seals $150M Red Bull Racing deal and launches USDC Options
In February 2022, Bybit announced a landmark $150 million partnership with the Oracle Red Bull Racing Formula 1 team, marking one of the largest sponsorships between crypto and mainstream sports. The multi-year collaboration boosted global brand visibility and deepened Bybit’s connection with the F1 community.
That same year, Bybit launched the first USDC Options trading and settlement, allowing traders to buy and sell BTC, ETH, and SOL options directly using USDC. Amid the crypto winter, Bybit remained resilient, relocating its headquarters to Dubai, expanding into Turkey, and making its first entry into the EU.
The introduction of Copy Trading and Trading Bots further strengthened Bybit’s ecosystem, offering smarter, automated strategies for both beginners and professionals.
5. 2023: Bybit incubates Mantle, a next-generation Ethereum Layer 2 scaling solution
In 2023, Bybit played a key role in incubating Mantle Network, a next-generation Ethereum Layer 2 scaling solution designed to enhance speed, security, and efficiency across decentralized applications (DApps). Mantle Network’s Testnet went live in January 2023, and with the community’s approval of BIP-21 in May, BitDAO was rebranded as Mantle, uniting governance and product under one ecosystem. The launch of MNT, Mantle’s native token, introduced a unified framework for gas and governance, marking a major step forward in decentralized infrastructure development.
6. 2024: Bybit surpasses Coinbase to become the second-largest crypto exchange globally
According to a report by blockchain analytics platform Kaiko, Bybit's market share surged significantly by June 2024 to surpass that of Coinbase and become the world's second-largest cryptocurrency exchange by trading volume, trailing only Binance. This achievement highlighted Bybit's rapid growth and competitive fee structures.
7. 2025: Bybit Card milestone, MiCA approval and record-breaking WSOT
By January 2025, the Bybit Card surpassed 1 million cardholders, showcasing growing demand for seamless crypto spending through the Mastercard network. The card’s success highlighted Bybit’s commitment to bridging digital assets with real-world utility.
Throughout 2025, Bybit further strengthened its global footprint, securing in-principle approval for a virtual asset platform in the UAE and obtaining a MiCA license from Austria’s Financial Market Authority (FMA), a key step in aligning with Europe’s evolving crypto regulations.
As of October 2025, Bybit’s global user base has surpassed 78 million, reflecting its expanding reach, strong community trust, and continued growth across markets. And earlier in the year, WSOT 2025 made history by earning a GUINNESS WORLD RECORDS™ title for the most participants in an online trading competition within 24 hours, cementing Bybit’s leadership in global crypto engagement.
A journey of growth and innovation
From our launch in 2018 to serving over 78 million users today, Bybit's journey has been one of relentless growth, innovation, and commitment to our community. Each milestone — from the launch of WSOT and Spot trading to the incubation of Mantle and the expansion of our product suite with the Bybit Card — reflects our dedication to building a trusted and accessible crypto ark.
We’re immensely grateful to our users for being part of this incredible journey.
Ready to join a leading global crypto exchange? Create your Bybit account today and explore a world of trading opportunities!
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