Push For Dominance: Bybit Surpasses Coinbase To Become Second-Largest Crypto Exchange
Summary
Bybit, a Singapore-based crypto exchange, has surpassed Coinbase in trading volume, becoming the world's second-largest exchange. Its market share doubled to 16%, while Coinbase's increased by 1%. Bybit's growth is attributed to factors like new Bitcoin ETFs, low gas fees, and a user-centric approach. The platform's derivatives trading offerings have also contributed to its market share, solidifying its position as the second-largest after Binance. Despite Binance's regulatory issues, Bybit's growth has been significant.
