Bybit’s significant growth in 2023 despite crypto market turbulence
Bybit, one of the world’s top three crypto exchanges by volume with over 20 million users, has experienced remarkable growth in 2023 despite the turbulence in the crypto market. Recent data from Kaiko reveals that Bybit recorded the largest increase in spot market share among top exchanges, solidifying its position as a trusted platform for traders. By the end of 2023, Bybit’s market share skyrocketed eightfold to 9.4% from its initial 1.1% in early 2023. This exponential growth demonstrates Bybit’s resilience and popularity during...