Tag: Bybit
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Bybit Temporarily Halts Services in India Amid Regulatory Pressures
Dubai-based cryptocurrency exchange Bybit, the world’s second-largest centralized exchange by daily trading volume, has announced a temporary suspension of its operations in India. This decision comes in response to tightening regulatory requirements in the region. Effective January 12, 2025, at 8:00 AM UTC, Indian users will no longer be able to trade, place orders, or…
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Bybit Climbs to Second in Global Crypto Exchange Rankings
According to a recent Kaiko report, Bybit Exchange has surged to become the world’s second-largest cryptocurrency exchange by volume. This leap has seen it surpass Coinbase and closely trail behind Binance. Bybit’s Rise in Market Share Bybit’s market share has doubled from 8% to 16% since October. This growth is attributed to increased trading volumes…