Global #Bybit

Bybit, a major cryptocurrency exchange, has reportedly initiated registration and identity verification procedures for Chinese citizens residing outside China. Users can now sign up and engage in crypto trading on the platform using their Chinese national identification. However, trading cryptocurrencies while based in China appears to remain prohibited.

Following a flawed airdrop that resulted in over $26 million in compensation to users, several executives at the crypto exchange Bybit have changed positions. Reports of these leadership changes emerged on May 31, with a Bybit spokesperson stating that the company regularly updates its business structure.

Bybit, a leading crypto exchange ranked among the top three by trading volume, has observed a notable increase in EUR trading activity subsequent to the introduction of its EUR Zero Fees Fiesta initiative in April 2024.

Recent speculation about the potential insolvency of the cryptocurrency exchange Bybit has caused widespread concern within the crypto community, leading to increased anxiety and conjecture.

Bybit, one of the leading cryptocurrency exchanges worldwide in terms of trading volume, has achieved a significant milestone by exceeding 30 million registered users globally.

According to DeFi^2, a well-ranked trader on Bybit, Worldcoin might become the largest wealth transfer in the next bull cycle.