CME Overtakes Bybit to Become Second Largest Bitcoin Futures Market
CoinGlass data shows that CME surpassed Bybit to become the second largest Bitcoin futures trading platform on August 17, with open Bitcoin contracts of $2.24 billion.
It is worth noting that CME specifically offers monthly contracts, which is different from the perpetual or inverse swap contracts that are the largest traded products on crypto exchanges. In addition, CME contracts are always settled in cash, while crypto exchanges offer contracts based on stablecoins and BTC. These differences have led to differences in open contracts between CME and crypto exchanges.
ByBit yesterday leaked 12,500 BTC
BitcoinNews stated on X platform (formerly Twitter) that the cryptocurrency exchange ByBit had a withdrawal of 12,500 BTC yesterday, totaling $320 million. This is ByBit's largest withdrawal ever. ByBit exchange still has 21,500 BTC remaining.
Yazan: 16 trillion PEPE flowing out of the PEPE multi-signature wallet has flowed to various exchanges
Cryptocurrency commentator Yazan claimed on social media X (formerly Twitter) that Binance, OKX, Kucoin, and Bybit have received 16 trillion PEPE coins from the multi-signature wallet of PEPE at address 0xa34B091932D9c9ffcFF254c9Aa1B4210C81F2EA0. Among them, 6.7 trillion PEPE coins were transferred to Binance, 8.5 trillion PEPE coins to OKX, 445 billion PEPE coins to ByBit, and 400 billion PEPE coins to Kucoin. Yazan claimed that these PEPE coins were originally intended to provide funds for listing on exchanges, rather than being dumped on the free market.
Bybit Will Reduce the Option Commission Rate on August 24
August 23rd news, cryptocurrency exchange Bybit announced that starting from 4 pm on August 24th Beijing time, it will lower the option trading fee rates for all user levels.
Cryptocurrency exchange Bybit announces support for PayPal's stablecoin PYUSD
Cryptocurrency trading platform Bybit announced that it will soon support PayPal's PYUSD stablecoin on its spot trading platform. Although the official release date has not yet been determined. Bybit's spot trading platform already supports a variety of other stablecoins, including USDT, USDC, TUSD, and PAX.
Singapore High Court Recognizes Crypto as Property in Bybit Case
Singapore's High Court has ruled that cryptocurrency can be held on trust, according to a judgement published on Tuesday. The case involved Seychelles-based exchange Bybit and a contractor who transferred over 4.2 million USDT to addresses owned and controlled by her. The judge acknowledged that crypto assets have an incorporeal right of property, which is enforceable in court. Bybit sought a declaration that the contractor was holding both the USDT and fiat currency on trust for the exchange, and the judge ordered her to transfer the assets back.
Bybit Launches Velocity Series: A Collaboration with Oracle Red Bull Racing and Renowned Digital Artists to Create Unique Digital Collectibles Inspired by F1 Race Team Data and Telemetry
Bybit, the third most visited cryptocurrency exchange in the world, has partnered with Oracle Red Bull Racing and digital artists to launch the Velocity Series. This collaboration will produce unique digital collectibles inspired by race team data and telemetry from the RB19 F1 car.
Three Hugely Profitable Bybit Accounts Have Only Been Opened for 5 Days, and They Only Trade AGLD With Malicious Manipulation
Three Hugely Profitable Bybit Accounts Have Only Been Opened for 5 Days, and They Only Trade AGLD With Malicious Manipulation
Bybit Unveils $8 Million Prize Pool for 2023 World Series of Trading Registration
Bybit, a crypto exchange, has announced the fourth edition of its 'World Series of Trading (WSOT)' event, with registration starting on July 13. The event will offer a prize pool of up to $8 million worth of USDT and a live stream giveaway on August 24, where traders can win Rolex Explorers and Huracan Evo Spyder Lamborghinis.
5 Cryptocurrency Exchanges Trying to Grow in Africa: Bybit, Kraken, Coinbase, Binance, and Gemini
Despite the lack of recognition from most African governments, cryptocurrency traders are still utilizing various exchanges across the continent. These exchanges offer different transaction costs and trading options, allowing customers to track their investments. Among the recommended exchanges are Bybit, Kraken, Coinbase, Binance, and Gemini, with the latter two prioritizing security and offering tools for passive income generation. Gemini is also a qualified custodian under the New York State Department of Financial Services, emphasizing its regulatory compliance.
