Bybit closed 2025 as a year defined by resilience, scale, and strategic progress, navigating market volatility while strengthening its global footprint. Despite a challenging environment, the exchange grew its registered user base from 50 million to more than 80 million, reinforcing its position as the world’s second-largest centralized crypto exchange by trading volume and laying a stronger foundation for long-term growth.
Financial Technology Insights: Flutterwave Expands Payments With Mono Acquisition
A major theme of the year was regulatory alignment. Bybit achieved full MiCA compliance across applicable EEA countries through its Austria-based authorization, while also securing the UAE’s first SCA Virtual Asset Platform Operator License. This milestone enabled nationwide trading, custody, and fiat services in one of the world’s most active crypto regions. The company also re-entered the UK market after a two-year pause, partnering with FCA-regulated Archax to meet financial promotion requirements and restore spot and P2P trading access for UK users.
Security became a defining test for Bybit in February 2025, when the exchange faced a major cyberattack linked to the Lazarus Group that resulted in the theft of approximately $1.4 billion in ETH. Bybit responded swiftly, maintaining a 1:1 reserve guarantee with no loss of client funds, restoring reserves within 72 hours, and processing hundreds of thousands of withdrawals in the first 12 hours. In the months that followed, liquidity and trading activity rebounded strongly, with ETH trading volumes reaching new all-time highs during the summer rally underscoring continued user trust and operational resilience.
Financial Technology Insights: Cardiff Releases Report Revealing Cost of Delay Exceeds Cost of Capital by 4.3x
The incident also accelerated Bybit’s investment in security infrastructure. Following multiple audits, the exchange implemented more than 50 security upgrades and launched the Lazarus Bounty program, inviting global security experts to help track and combat crypto-related cybercrime. These efforts positioned Bybit not only as a survivor of a major breach, but as a contributor to broader industry security standards.
On the product side, Bybit’s spot trading business stood out for its early-access listing strategy. Throughout the year, the platform identified and listed emerging assets ahead of broader market adoption, generating significant first-day performance for several tokens. Bybit also continued to lead in real-world asset tokenization, expanding offerings such as tokenized gold and on-chain U.S. equities, while distributing tens of millions of dollars in user incentives tied to new projects.
Financial Technology Insights: Libertas Funding Announces Key Leadership Appointments to Propel Next Phase of Growth
Beyond spot trading, Bybit expanded into a hybrid ecosystem that blends on-chain and traditional finance. New offerings included Bybit Alpha for on-chain discovery and liquidity farming, the launch of Byreal its Solana-based decentralized exchange and the expansion of Bybit TradFi, which brought forex, commodities, indices, and stock CFDs into a crypto-native interface. Institutional adoption also accelerated, with asset inflows and wealth management AUM growing sharply toward year-end.
The year concluded with a record-breaking World Series of Trading (WSOT) 2025. The competition set a Guinness World Record for participation and generated nearly $173 billion in trading volume, while also supporting blockchain education initiatives through the Bybit Rising Fund.
Taken together, 2025 marked a year of quiet strength for Bybit. Through regulatory progress, ecosystem expansion, and a decisive response to adversity, the exchange emerged more resilient—closing the year with over 80 million users and a clearer path toward the future of global digital asset markets.
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com
Source : prnewswire