Dear Bybit Users,
During this festive time we, as a company, would like to thank all of our clients and supporters for your continuous support as well as reflect back on the challenges and what Bybit has achieved so far. I don’t expect the ride to get any less challenging in 2020 but I know that as long as we stick to our client-first core belief, we will pull through together with the hard work of the team.
2019 has been a remarkable year for Bybit. Surpassing the 1 and 2 billion USD 24-hour trading volume mark over consecutive days in Q2 of 2019 and subsequently surpassing the 4 billion USD 24-hour mark. Bybit now serves more than 300,000 clients from 117 countries.
Our servers have remained reliable and stable throughout our one year of operation. Bybit has enjoyed an unprecedented 100x growth rate from March last year till the present. We are humbled by the rate of growth, and all this has been possible thanks to our loyal fans and customers. We have also encountered several levels of challenges as we try to keep up with the incredible growth, particularly in our IT and customer support departments. With a headcount of over 150 people and counting, our team continues to grow.
As the industry continues to evolve constantly, Bybit’s focus in 2020 is to first extend the Bybit derivatives product lines. We’ll be releasing our Linear Contract settled in USDT in Q1! The linear contract will come with some exciting features such as portfolio margin as well as being able to hold both long and short positions concurrently. In Q3, we will release our quarterly, half-year and one-year expiration contract. Our mobile App is also nearing to mass rollout on iOS and Google Play.
Besides our derivatives products, Bybit plans to move into crypto-education and R&D. We plan to implement comprehensive programs for derivatives traders across all levels to allow everybody to learn and grow at their own pace. R&D is another area that we want to develop as we intend to analyze how blockchain technology can be applied to the derivatives market. We want our platform to have a profound impact on our traders’ development whilst supercharging their trading experience. Bybit will continue to add value for our clients beyond conventional trading. Our goal is to create and build a community that actively engages and educates one another. This is just part of several very exciting plans lined up for 2020 so be sure to keep a lookout for announcements on social media.
Bybit has been trailblazing the crypto derivatives industry since our inception and our meteoric rise is due to our loyal fans who helped propel us to where we are now. As always, we remain committed to always placing our clients first and becoming the most esteemed and transparent exchange that always listens, cares and improves. I would personally like to express my heartfelt appreciation to all our respected clients, supporters, and affiliates for their unwavering support and loyalty – we won’t be where we are without the tremendous level of support from each of you. I would also like to thank my family Bybit for all their hard work, passion and devotion to ensure our partners keep getting the best from us.
Here’s to wishing everybody a joyous holiday season and a happy, healthy and prosperous 2020.