Bybit exchange ranking: Top Crypto Exchanges Compared via Volume, Trust, and More


Bybit is a cryptocurrency exchange that began in March 2018. It’s headquartered in the British Virgin Islands, and Ben Zhou, one of its co-founders and CEO, has been vital to its growth.

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They are known for working closely with the crypto community. In 2019, they organized a Bitcoin trading competition called the “BTC Brawl.” In 2020 and 2021, they hosted the “World Series of Trading.” They also made sponsorship deals with Red Bull Racing in February 2021 and worked with esports teams like NAVI,, Astralis, and Alliance in August 2021.

In 2022, Bybit moved its headquarters to Dubai while still operating under Bybit Fintech Limited in the British Virgin Islands. The company’s strength comes from its team of professionals who know about blockchain technology and finance, including folks from big institutions like Morgan Stanley and Tencent. Bybit offers an easy-to-use website with advanced charts from TradingView.

They also have a mobile app for traders who are on the go. Bybit is well-known for its primary offering of “perpetual futures products,” which means traders can use leverage up to 100 times. This makes them a strong competitor against exchanges like BitMEX and Deribit.

People can use Bybit globally, as the platform is available in many languages. However, because of regulations, they can’t provide services to some places, like the USA, Syria, and Quebec in Canada. Bybit has earned a good reputation in the cryptocurrency exchange world.

People like it because it’s focused on safe trading, is easy to use, and has new features. Traders appreciate Bybit’s focus on leverage trading, strong security, and reliable customer support.

bybit exchange

How to Trade on Bybit

  1. Options trading on Bybit
    Options trading on Bybit is unlike the usual buying and selling of cryptocurrencies. It’s more like making agreements for the future. You’re not buying right away. Bybit offers two options: call options, which let you buy at a set price, and put options, which let you sell at a fixed price. These options are used to predict prices or protect yourself from losses.
    Options have an end date. You must use them before that date, or they won’t work. Bybit charges fees for option trading, depending on the deal and how much you trade. Bybit’s platform is designed to be easy to use for options. But be aware that option trading has risks, so it’s essential to understand how it works.
  2. Spot trading on Bybit
    Spot trading on Bybit is like buying and selling digital money right now. It’s not about predicting the future; it’s about owning it instantly. Bybit usually has famous digital coins like Bitcoin and Ethereum for spot trading.
    You can buy or sell at the current price or set your price with limited orders. Bybit is super serious about keeping your money safe, using strong security methods like cold storage. There might be some fees, but Bybit is easy to use, with useful tools. The ability to trade easily depends on the digital coin. The big ones like Bitcoin are usually easier to trade.
    When you buy, you own the digital coins. You can keep them in your wallet or on Bybit.
  3. Futures trading on Bybit
    Bybit allows users to trade cryptocurrency futures contracts. Futures are agreements to buy or sell a specific cryptocurrency at a predetermined price on a future date. Bybit offers a range of cryptocurrencies for futures trading, and traders can go long (buy) if they expect the price to rise or go short (sell) if they anticipate a price decline.
    Bybit’s futures trading features include leverage options, advanced trading tools, and the ability to profit from rising and falling markets. It’s important to note that futures trading involves a higher level of risk due to the potential for leverage, and traders should be well-informed about the market and risk management strategies.

Bybit Exchange Features

1. Bybit’s Leverage
Bybit exchange makes trading easy with its leverage options, boosting traders’ positions. You can choose a leverage ratio from 1x to a powerful 100x, depending on your trading pair. This flexibility caters to both cautious and high-risk traders.
2. Advanced Tools
At Bybit exchange, traders enjoy access to a variety of advanced trading tools. These include market, limit, and conditional orders, making managing your positions easy. These tools empower you to trade with precision and control.
3. Staking
Bybit’s staking program lets users earn rewards by staking specific cryptocurrencies on the platform, adding an extra income stream.
4. Security
Bybit prioritizes security, using cold storage, two-factor authentication (2FA), and robust security measures to safeguard your funds.
5. Customer Support
Contact Bybit through live chat and email for quick help with inquiries and issues.

Bybit Exchange Ranking

1. CoinMarketCap Ranks: By Trading Volume, Liquidity Score, Weekly Score, and Markets & Coin size

Bybit has a trading volume of $1,759,477,825. This big number tells us that many traders trust Bybit to do their business. Bybit’s average liquidity score 649 is important because you can trade without big price swings. Lots of people visit Bybit every week, about 3,669,936 to be exact. This shows that traders like using the platform for spot trading, option trading, and futures trading.

Coinmarketcap Bybit

Bybit offers 676 markets to choose from and lets you trade 456 coins. This variety is great for traders with different interests in the crypto world. Bybit also supports various types of money, like USD, EUR, GBP, and more. This makes it easy for people from different places to start trading.

2. Coingecko Ranks: By Trust Score and Monthly Visits

Bybit’s ranking on Coingecko reflects a highly trustworthy platform with a perfect trust score of 10. This score suggests that Bybit is reliable in cryptocurrency trading.
Monthly visits to the platform are substantial, reaching 15.1 million. This high level of engagement underscores the platform’s appeal to a significant and growing number of users. Bybit’s user-friendly approach and various trading options likely contribute to this extensive user base.

3. Coinranking Ranks: By Exchange Rank and Market Share

Bybit holds the sixth position in the exchange rank. This ranking reflects its popularity and the trust it has garnered within the crypto community. Additionally, Bybit has a market share of 0.78%.

4. Similarweb Ranks: By Global Position

Bybit on Similarweb’s global platform rankings demonstrates its online presence: Globally, Bybit ranks #3,108, indicating a significant digital footprint and visibility on the internet. Within Similarweb’s Finance > Investing category, Bybit reaches a notable #6 rank. This positioning highlights its significance in the financial sector.

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Bybit’s good rankings on these platforms show that people in the cryptocurrency world like Bybit. It’s known for being safe, having enough money for trading, and offering many different ways to trade. This makes it a reliable pick for traders and investors in cryptocurrencies.
Bybit’s positive rankings on these platforms prove it’s tough and always works hard in digital finance. It’s a good sign that Bybit is a strong and trustworthy option for anyone in the cryptocurrency community.


1: Is Bybit a safe place for cryptocurrency trading?
Yes, Bybit is very focused on keeping your cryptocurrency safe. They use strong security techniques to protect your money and information. This includes storing cryptocurrencies safely, using two-factor authentication (2FA) for your account, and regularly checking for security problems.

2: Can people from anywhere use Bybit for trading?
Bybit is open to traders from many different countries. But, there are some places where it can’t provide its services because of rules and laws. For example, because of regulations, it can’t be used by people in the United States, Syria, and Iran. Before you start using Bybit, you should check if it’s available in your area and ensure you follow local rules about trading with cryptocurrencies.