
Bybit secures position as second-largest crypto exchange, reaching 70M users globally while bridging traditional finance with digital assets through institutional solutions.

Drivetech Partners
The cryptocurrency landscape has experienced dramatic transformation in 2025, with Bybit's achievement of 70 million registered users globally positioning it as the second-largest crypto exchange by trading volume. This milestone reflects not only Bybit's strategic expansion but also highlights the growing convergence between traditional financial institutions and digital asset platforms, creating a more mature ecosystem that serves both individual traders and major financial players.
Key Takeaways
Bybit has reached 70 million registered users globally, making it the second-largest crypto exchange by trading volume behind Binance
The exchange has successfully integrated with institutional-grade services like Zodia Custody, showing the growing convergence of traditional finance and crypto
Despite regulatory constraints in major markets, Bybit operates in 195 countries while actively engaging with regulators worldwide
Bybit demonstrated exceptional crisis management by quickly recovering from the largest hack in crypto history in early 2025
The platform now offers Web3 innovations including Bybit Card for real-world spending and AI-powered trading tools
Bybit's Remarkable Growth: Reaching 70 Million Users
Bybit has achieved an extraordinary milestone by reaching 70 million registered users globally in May 2025. This positions the platform firmly as the world's second-largest crypto exchange by trading volume, trailing only Binance. The rapid growth reflects the accelerating global appetite for digital assets across both retail and institutional markets.
The impressive user numbers stand out even more when considered in the broader industry context. With analysts estimating around 220 million monthly active crypto addresses in 2025, and between 30-60 million "real" monthly users globally, Bybit's user base represents a substantial portion of the active crypto market. This achievement didn't happen overnight but resulted from strategic expansion, product innovation, and an evolving approach to both retail and institutional clients.
Institutional Finance Meets Crypto: The Convergence Revolution
A significant driver behind Bybit's growth has been its success in attracting institutional clients who demand sophisticated trading infrastructure. These institutional players are drawn to Bybit's high-performance trading systems, advanced risk control mechanisms, and professional-grade tools that meet their complex needs.
The strategic integration with Zodia Custody represents a pivotal development in Bybit's institutional strategy. This partnership provides institutional-grade custody and off-venue settlement solutions that traditional financial institutions require before committing significant capital to digital asset markets.
Bybit now offers trading across more than 650 cryptocurrencies with features specifically designed for institutional users, including:
Advanced order types and execution algorithms
Deep liquidity pools
Institutional-grade security protocols
API connectivity for algorithmic trading
Professional reporting and compliance tools
This institutional focus reflects a broader industry shift where traditional finance (TradFi) and Web3 technologies are rapidly converging. Financial institutions that once viewed cryptocurrencies with skepticism are now seeking exposure, while crypto platforms are developing the infrastructure and compliance frameworks needed to accommodate these institutional players.
Global Regulatory Strategy: Building Bridges with Regulators
Bybit has adopted a proactive approach to global compliance by actively engaging with financial regulators worldwide. The exchange is reinforcing its global compliance framework through strategic discussions with Vietnam's Ministry of Finance, supporting regulatory sandbox initiatives that aim to develop sustainable crypto regulations.
In the UAE, Bybit has secured initial approval for its virtual asset platform and is approaching full operational license status. This achievement marks an important milestone in the company's regulatory strategy and provides a strong foundation for operations in the Middle East.
The exchange is also implementing compliance adaptations to meet evolving regulations like the European Union's Markets in Crypto-Assets (MiCA) rules. Bybit maintains comprehensive anti-money laundering (AML) and counter-terrorism financing (CFT) controls across multiple jurisdictions, demonstrating its commitment to responsible operations.
Market Expansion Despite Regulatory Constraints
Bybit's global reach is impressive, with operations in over 195 countries worldwide. However, the exchange faces regulatory restrictions in several major markets, including:
United States
Mainland China
Hong Kong
Singapore
Canada
France
United Kingdom
Despite these geographic limitations, Bybit's widespread global adoption demonstrates the platform's strong appeal. The company is expanding its compliance framework with the strategic goal of eventually accessing these restricted markets as regulatory environments evolve and mature.
This balanced approach to global expansion while respecting local regulations positions Bybit for sustainable long-term growth in the evolving digital asset landscape.
Resilience Through Crisis: Surviving Crypto's Largest Hack
Early 2025 tested Bybit's operational resilience when the exchange suffered what was termed the largest hack in crypto history, losing nearly $1.5 billion in Ethereum. What distinguished Bybit's response was its ability to maintain platform stability, quickly replenish reserves, and continue operations without interruption.
The exchange's enhanced security architecture now includes:
Advanced cold storage solutions
Multifactor authentication for all accounts
AI-powered risk detection engines
Real-time transaction monitoring
Enhanced withdrawal security protocols
Bybit's crisis response actually improved its reputation for transparency and resilience within the industry. By communicating clearly with users, working with security experts, and making affected customers whole again, Bybit demonstrated a level of institutional maturity that strengthened trust in the platform.
Web3 Innovation: Beyond Basic Trading
Bybit has moved well beyond being just a cryptocurrency exchange by developing a comprehensive Web3 ecosystem that bridges digital assets with everyday use. The Bybit Card, now issued to nearly 2 million users, enables real-world crypto spending at millions of merchants worldwide, making digital assets practical for daily use.
Bybit Pay represents another innovation, facilitating seamless transactions both on-chain and off-chain for individuals and merchants. This service reduces friction in the crypto payment process, making digital assets more accessible for everyday commerce.
The exchange has also embraced AI technology with several innovative tools:
CryptoLens for comprehensive token analytics and research
TradeGPT for AI-powered market analysis and trading suggestions
AI support agents that streamline user experience and customer service
Advanced trading features including copy trading, options, and automation bots attract sophisticated users looking for tools beyond basic spot trading. These innovations collectively position Bybit at the forefront of crypto's evolution from speculative asset class to functional financial ecosystem.
The Future of Finance: Digital Asset Adoption Trends
The year 2025 marks a turning point for institutional participation in cryptocurrency markets. Increased regulatory clarity through ETF launches and sandbox initiatives has fostered mainstream legitimacy for digital assets, creating an environment where both individual users and major financial institutions can participate with greater confidence.
Bybit's commanding market share positions it at the center of this transformation. The growing convergence between traditional finance and digital assets creates new opportunities for exchanges that can effectively serve both markets while maintaining regulatory compliance.
Key trends shaping the future of digital asset adoption include:
Institutional capital flowing into regulated crypto products
Integration of blockchain technology with traditional financial services
Real-world asset tokenization gaining mainstream traction
Increasing focus on compliance and security across the industry
Competitive Landscape: How Bybit Compares to Major Exchanges
In the increasingly competitive cryptocurrency exchange market, Bybit has secured its position as the second largest exchange by trading volume globally, trailing only Binance. This achievement is particularly notable given the crowded field of established exchanges competing for market share.
Bybit differentiates itself through a combination of institutional services, advanced security architecture, and a comprehensive Web3 product suite. The exchange has demonstrated a faster growth trajectory compared to many established exchanges, suggesting its approach is resonating with both new and experienced crypto users.
By successfully balancing retail accessibility with institutional-grade services, Bybit has created an ecosystem that serves the needs of diverse user groups. This balanced approach has allowed the exchange to capture substantial market share while building a foundation for sustainable long-term growth.
As the cryptocurrency industry continues to mature and evolve, Bybit's combination of user growth, institutional focus, and regulatory engagement positions it as a key player in shaping the future of digital asset markets.