On July 6, 2023, we had the pleasure of hosting our exhilarating Bybit Next Level livestream keynote event. Led by our esteemed CEO, Ben Zhou, and accompanied by our beloved Bybuddies, this annual gathering offers viewers an exclusive glimpse into our recent milestones, thrilling product updates, and, even more excitingly, what awaits us in the next six months.
In case you missed the livestream, we've provided you with a complete recording of that special occasion. Take a moment to watch the recap video below.
However, if you prefer a textual account over visual content, we've prepared an all-encompassing summary of the key highlights and standout moments from the Bybit Next Level 2023 session.
Bybit has been buzzing with activity and triumphs, despite the currently bumpy crypto landscape. We’ve achieved an impressive array of milestones in the past six months, propelling us to new heights of success.
Our unwavering commitment to compliance helped the company to successfully acquire additional licenses and in-principle approvals that span countries including Kazakhstan and Cyprus, and the custody of fiat-to-crypto licenses with SATOS, forging a fully regulated pathway for Bybit users.
We’ve also received in-principle approval from the United Arab Emirates (UAE). What’s even more exciting is that Bybit is on the verge of obtaining coveted MVP (Minimum Viable Product) status, marking yet another significant milestone in our journey.
But there’s even more in the pipeline. We’re proud to share that Bybit has been launched in Hong Kong, laying the groundwork for license applications in this thriving market. Meanwhile, we’re in the midst of an exciting process with the Monetary Authority of Singapore (MAS) as we apply for a crypto license in the Republic of Singapore.
The future is filled with boundless possibilities.
We understand that fiat integration is crucial for anyone venturing into crypto. That's why we offer an exceptional fiat-to-crypto exchange service. Whether you're converting your U.S. dollars, euros or any other local currency into crypto or stablecoins, Bybit has you covered.
Our flagship product, Bybit P2P, has become a force to be reckoned with, boasting one of the largest P2P networks globally among crypto exchanges. With the trust of over 28,000 vendors worldwide, we provide seamless daily P2P services, supporting more than 570 methods for exchanging fiat to crypto, and vice versa. Bybit supports over 50 local currencies, offering various options to cater to our diverse user base.
Rest assured that our dedicated team has implemented stringent anti-fraud measures, conducting thorough vetting of vendors and ensuring secure payment methodologies. This commitment to safety is reflected in our remarkable 99.9% anti-fraud record.
Here's more exciting news:
Bybit P2P is currently zero-fee. We plan to maintain this structure for the foreseeable future, delivering unparalleled value to our community.
Bybit P2P HotSwap incorporates smart quote features for P2P advertisers and third-party liquidity providers to secure their desired crypto asset conversions at competitive rates.
At Bybit, we’re committed to empowering every individual embarking on their crypto adventure. We strive to simplify and enhance your life through our platform, ensuring that your experience with us is nothing short of extraordinary.
Learn more about Bybit P2P and Bybit HotSwap
The launch of Bybit Card in partnership with MasterCard in April 2023 has rapidly become a major success. The versatility of the Bybit Card knows no bounds. With any cryptocurrency deposited into your Bybit account, you can take advantage of our support for five different pairs — Bitcoin, Ethereum, Ripple, USDT and USDC.
The underlying fiat currencies powering this card are GBP and EUR, as our card is currently only supported in Europe. However, our team is diligently working toward expanding to other regions, such as APAC, Latin America and South America.
Here are some of the highlights of Bybit Debit Card:
Convenience of cash withdrawal with a generous annual limit of up to €250,000 for spending and withdrawing.
Bybit users can integrate Bybit Savings with the Bybit Card, creating an innovative fusion to earn flexible yields as you spend.
Bybit users may anticipate some exciting news — as we expect the integration of Apple Pay and Google Pay with Bybit Card in Q3 2023.
Bybit Demo Trading was recently introduced, allowing users to master their trading skills risk-free before committing to real trading. Bybit’s users can obtain trading credits from their Demo Trading account by following these steps:
Sign up or log into your registered account on the Bybit homepage (without the need for KYC or deposit)
Navigate to Derivatives on the top menu
Select and click on Demo Trading, which will lead you to the Demo Trading page, where you can claim your trading credits
Once claimed, your account will be empowered with over $100,000 in simulated deposit balance and ready for you to engage in simulated trading. You can place market orders, initiate long orders and explore multiple order placements. The Bybit live trading chart, mirroring the real account, allows you to practice various strategies, including dragging, stop loss and take profit.
With the Demo Account, you'll notice a distinct logo indicating its simulated nature on your trading screen. When you feel prepared and confident in your skills, you can effortlessly switch to the Bybit live trade option on the top right, make a deposit and commence trading in the real Bybit environment.
This exceptional feature is particularly beneficial for new users who seek to refine their trading skills, familiarize themselves with the Bybit interface and gain confidence. The Bybit Demo Account is the ideal stepping stone on your journey to success.
Learn all about Bybit Demo Trading
Bybit boasts one of the world's most exceptional copy trading platforms among crypto exchanges. We’re thrilled to share that the average win rate on Bybit Copy Trading has steadily improved — and now stands at an impressive 75%.
We’ve also introduced a game-changing feature — Copy Trading Bonus. Bybit users now have the opportunity to claim a trading bonus from our Rewards Hub and test out Copy Trading without risking their own funds. Simply visit the Master Traders page, delve into comprehensive trading strategy analyses, explore the charts of your favorite master traders and utilize our range of risk management tools to execute multiple copy trades.
But that's not all — we have more exciting updates for Master Traders. We’ve addressed their concerns about using a different interface to place orders and release signals. Master Traders now have the option to switch to Copy Trading Mode within the main interface itself.
In addition, Bybit now supports a range of smart tools and third-party trading tools such as 3Commas, enabling Master Traders to directly connect their APIs and release automated trading strategies.
You can now harness the power of crypto to increase your overall wealth and generate consistent yields gradually. That's why we've recently enhanced Bybit Savings and Bybit Lending to cater to your needs.
You can now stake your ETH directly with Bybit, converting it to Lido or stETH, while earning daily yields distributed to you. With Bybit's recently added Unified Trading Account (UTA), you can even use stETH as a margin to trade directly on Bybit, simultaneously earning yields. Our savings feature has also become more robust, offering a wider range of flexible and fixed-term options that enable you to earn up to 10% per year.
We understand that many of our clients appreciate Liquidity Mining. With the support of different tokens, the annual percentage rate (APR) can reach as high as 19%. Bybit Dual Asset also introduces Options products, offering clients two assets that are similar to traditional banking products.
Another exciting addition to our range of services is Lending. You can earn substantial yields by lending your tokens or assets from a client-to-client (C2C) perspective. Rest assured that this process is risk-free, and Bybit ensures there’s always sufficient collateral on the borrowing side to cover the loans.
Get more help at Bybit Lending
Bybit UTA is another game-changer product of Bybit, offering three different modes: Isolated Margin, Cross Margin and Portfolio Margin.
With Bybit UTA, you have the power to trade Spot, Derivatives and Options simultaneously. What's more, the profits you generate and the floating P&L can be utilized as margin to trade other products.
Bybit Options has introduced Position Builder, a linear, USDC-based Option with Portfolio Margin that seamlessly integrates with our Spot and Derivatives product lines. Position Builder empowers clients to strategically calculate their risk, project their profitability and execute positions with just a single click.
With the innovation of UTA, we’ve also merged all types of loans on Bybit. This includes loans for institutions, OTC loans and C2C loans, whereby users can loan their assets seamlessly. These are all now merged into one extensive loaning pool, accessible to UTA account holders.
Learn more about Bybit UTA and how to use it for risk management
On our Bybit Web3 page, you'll discover the power of the Bybit Web3 Wallet, your passport to exploring the wonders of the web3 decentralized realm. This custodial crypto wallet lets you actively participate in a multitude of exciting activities. For instance, you can effortlessly engage in Initial DEX Offerings (IDO) or directly invest in DeFi projects.
Whether you want to stake your Ethereum and enjoy the staking interest from the Ethereum Shanghai Upgrade or earn yields directly, the Bybit Web3 Wallet simplifies the process. Soon, you'll be able to set take-profit and stop-loss orders, eliminating the need to monitor the screen constantly. Simply define your desired conditions and the Bybit Web3 Wallet will automatically execute your commands when the conditions are met.
Bybit Web3 IDO has launched several projects in which we share that over 130 participants have utilized the Bybit Web3 Wallet to gain participation rights in IDOs and secure tokens. There’s no need for KYC verification, providing you with a seamless and hassle-free experience.
Get ready — because Bybit is about to unveil a wave of exciting new developments!
Here are some of the highly anticipated features that will soon become reality.
You'll have the power to monitor your favorite trading pairs and stay updated with their prices directly on your smartwatch. It's a game-changer for those who lead an active lifestyle and want to stay connected to the crypto market at all times.
Bybit will be introducing a range of structured products designed to provide you with attractive yields while ensuring the safety and security of your funds. Get ready for the launch of Shark Fin, Snowball, Accumulator, Smart Range and many more structured products that will be hitting the market soon. Stay tuned for the official release!
We’re also releasing Bybit Fund Pool, which will enable you to invest in a selection of bundled funds curated by prestigious fund managers from various firms. We've carefully combined their strategies to create a bundled fund pool that offers our clients an exceptional annual yield ranging from 4% to 10%.
Bybit VIP Card is accentuated with a stunning metal design for exclusivity. VIP card holders enjoy higher rewards points, unlocking a world of exceptional benefits and privileges. We'll also be gradually introducing a wide range of beloved merchants who will offer cashback rewards when you use your Bybit VIP Card. Whether it's Amazon, Netflix, Google Play, Uber or countless other popular vendors, get ready to experience the joy of earning cashback on your favorite purchases.
Bybit annually organizes the World Series of Trading (WSOT), the ultimate trading competition that involves countless participants, intense trading and jaw-dropping prizes that make it the talk of the crypto realm.
This year’s long-awaited WSOT is taking place in Q3 — and we’ll be raising the stakes with a massive $8 million prize pool, along with the chance to win a luxury Lamborghini and dazzling Rolex timepieces.
We’re also going to spice things up this year by introducing the Copy Trading Feast. Participate in the trading competition by utilizing the power of Copy Trading and competing against other Copy Trading teams to see who achieves the highest profit during the competition period.
We're offering participation prize pool rewards of up to 80,000 USDT in Buddy Rally for those who refer or invite friends, as well as a range of exciting prize pools and raffles throughout the event. This year's WSOT is going to be monumental — and we can't wait to share all the incredible details with you.
Stay tuned for an epic journey that will challenge, thrill and reward you like never before. Get ready to make history at the WSOT 2023!
Get Started: Join WSOT 2023 to Win from 8,000,000 USDT Prize Pool
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