Reported about 1 year ago
Bybit Fintech Ltd.'s crypto exchange has risen to the second spot globally by trading volume, attracting former FTX platform clients as well as users in Europe and Russia. Bybit's growth was fueled by offering digital tokens as collateral for margin trading and filling the gap left by FTX's collapse. With a 16% share of trading volume since October, Bybit surpassed Coinbase to rank second, following Binance. Bybit's largest market is Europe followed by the Commonwealth of Independent States, with plans for expansion into new markets like Brazil and Turkey.
Source: YAHOO