Coin

<a href="https://www.bybit.com/en/press" target="_blank" rel="noopener noreferrer nofollow">Bybit</a>, the second-biggest cryptocurrency exchange globally in terms of trading volume, has solidified its position as a significant force in the derivatives market. Between September and October, Bybit’s futures trading volume saw a phenomenal 61% increase. According to a recent <a href="https://www.wublock123.com/index.php?m=content&amp;c=index&amp;a=show&amp;catid=6&amp;id=33572" target="_blank" rel="noopener noreferrer nofollow">report</a>&nbsp;from Wu Blockchain, the monthly trading volume of this top centralized exchange has increased to an astonishing 639 billion, making it one of the largest rises among them.
Several important elements are responsible for this remarkable growth:
<ul class="wp-block-list">
 <li>Strategic Listings: Bybit has significantly increased its attractiveness to a wide spectrum of traders by taking the initiative to list both new and well-known cryptocurrencies. Trading volume has significantly increased as a result of recent listings including GOAT, MOODENG, GRASS, and X. As a major predictor of market movements, the market keeps a careful eye on Bybit’s ongoing listing.</li>
 <li>Meme Coin Frenzy: Derivatives trading activity has significantly increased as a result of meme coins’ continued popularity. initiatives like MOTHER, NEIROCTO, SPX, HPOS10I, and several more community initiatives have been listed by Bybit, which maintains tight relationships with meme coin communities. Bybit has drawn a large and growing number of retail traders due to its quick reaction to this trend, sophisticated trading tools, and affordable costs.</li>
 <li>Institutional Expansion: As a result of Bybit’s dedication to serving institutional customers, the platform is increasingly being used by hedge funds, asset managers, and other financial institutions. The exchange has drawn institutional investors thanks in large part to its strong security protocols, regulatory compliance, and cutting-edge risk management capabilities.</li>
</ul>
Shunyet Jan, Bybit’s Head of Institutional and Derivatives, commented:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “We are thrilled to see Bybit’s derivatives business achieve such impressive results. This underscores the strength of our products and services, as well as the market’s confidence in Bybit. We will continue to invest in our platform and provide an exceptional trading experience for our users, solidifying our position as an industry leader.”
</blockquote>

Bybit Sees 61% Surge in Monthly Futures Trading Volume, Reaches $639B

TheNewsCrypto

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