Bybit to Exit Canadian Market Due to Regulatory Developments
Bybit has announced its exit from the Canadian market by May 31 due to recent regulatory developments, following other exchanges that have also pulled out. The exchange stated that it aims to operate in compliance with all relevant regulations in Canada, but has made the difficult decision to pause its products and services. Existing customers will have until July 31 to make new deposits and enter into new contracts, but no new account openings will be available from May 31. Bybit's departure from Canada is due to the country's new guidance for crypto companies, which requires approval by the Canadian Securities Administrators.
Crypto Signals Launches Copy Trading Feature on Bybit to Boost Trading Success
Crypto Signals, a trading intelligence platform, has launched a new copy trading feature on Bybit, allowing investors to mirror the strategies of experienced traders. The feature aims to widen access to successful trading strategies and increase profitability for retail investors. However, the number of available copy trading slots is limited to 400 at this early stage, so investors must act quickly. The feature offers a headline return on investment of 400% and a success rate of 90%.
Bybit Receives "In-Principle" Approval to Operate as Digital Asset Trading Facility and Custody Services Provider in Kazakhstan
Bybit has received an "in-principle" approval from the Astana Financial Services Authority (AFSA) to operate as a digital asset trading facility and custody services provider in Kazakhstan. CEO Ben Zhou sees potential for the crypto industry in the Commonwealth of Independent States (CIS) region. Bybit has been expanding its services, including offering crypto lending and partnering with Mastercard for a new debit card. Kazakhstan is also making progress in the crypto space, with new regulations requiring 75% of crypto mining revenue to be sold through an exchange and the country collecting around $7 million in crypto taxes this year.
Bybit Wins iF Design Award 2023 for User Experience in Cryptocurrency Trading
Bybit, the third most popular cryptocurrency exchange in the world, has been recognized for its exceptional user experience (UX) in cryptocurrency trading at the International Forum (iF) Design Award 2023. Bybit was awarded the iF Gold Trophy by a jury of 88 international design experts. Two Bybit UX features and products in the UX category have received recognition: Copy Trading and Crypto Strategy Creation. Bybit's dedication to enhancing user journeys through simple and straightforward design has been recognized by the prestigious iF Design Awards. Bybit's corporate motto is "Listen, Care, Improve," emphasizing its commitment to ongoing investment in user experience and customer assistance.
Bybit Announces Official Sponsorship of Safehouse Racegraph Lamborghini Team for Super Trofeo in Asia
Bybit, the third most visited crypto exchange in the world, has announced its official sponsorship of the Safehouse Racegraph Lamborghini team for Super Trofeo in Asia. This partnership will see Bybit supporting Safehouse Racegraph's quest for victory at the Super Trofeo series, which consists of six races across five countries in Asia and Australia.
Bybit Announces $20K USDT Giveaway for Shiba Inu Traders and Meme Coin Enthusiasts
Bybit, a leading cryptocurrency exchange, has announced a giveaway of $20K USDT for users who trade Shiba Inu tokens. The giveaway campaign will end on May 18, 2023, at 11:30 AM (UTC). Users will be ranked based on their trading volume on the SHIB/USDT pair throughout the giveaway event.
Crypto Signals Announces Partnership with Bybit to Offer Copy Trading for VIP Members
Crypto trading is constantly evolving, and copy trading has become a popular tool for traders to replicate the trades of experienced traders in real-time. Crypto Signals has partnered with Bybit, a leading cryptocurrency derivatives exchange, to offer copy trading for all VIP members. This feature allows VIP members to trade passively using Crypto Signals' signals, potentially maximizing profits without the need for manual trading. Bybit is a trusted and secure platform for cryptocurrency trading, offering a range of features such as leveraged trading and advanced order types. Join Crypto Signals today to access their copy trading feature and benefit from their team of experienced analysts delivering timely signals through channels such as Telegram and Discord.
ByBit Launches In-House Cryptocurrency Lending Service for Users
Dubai-based cryptocurrency exchange ByBit has launched an in-house cryptocurrency lending service for users that delivers interest payouts to those depositing cryptocurrency through the platform. The service offers hourly interest payments from lending pools, while lenders can deposit and redeem loaned cryptocurrency tokens without lock-up periods.
Jump Trading Deposits $26.6 Million in BTC to Exchanges, Including Binance, OKX, and Bybit
April 27 (Cointime) - Blockchain analytics firm Arkham Intelligence revealed that global trading firm Jump Trading has deposited a total of $26.6 million worth of Bitcoin (BTC) to several exchange deposit addresses within the past hour.
Jump Trading Deposits $26.6M in Bitcoin Across Multiple Exchanges: Arkham Intelligence
The majority of the deposit, $23.7 million, was sent to Binance, while $2.18 million was sent to OKX and $720,000 to Bybit.
