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Bybit is a relatively new P2P cryptocurrency derivatives exchange that was launched early 2018 by founder Ben Zhou. They’ve grown rapidly in popularity with leverage traders and claim an impressive daily volume of around $1B. Bybit is headquartered in Singapore, however their trading operations are run through the British Virgin Islands.
Bybit’s quick rise to the top is in part due to their lax KYC requirements as a crypto-to-crypto derivatives exchange. Traders can make virtually unlimited withdrawals, store assets in Bybit’s cold wallet storage, and leverage up-to 100x. Bybit maintains institutional grade trading API with liquid order books that compliment the use of automated trading strategies executed by your Bybit trading bots.
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