Bybit, as of May 29, 2025 has become the second-largest cryptocurrency exchange by trading volume, according to data from CoinMarketCap

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May 29, 2025

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Founded in 2018 by entrepreneur Ben Zhou, Bybit, which has risen to become the second largest exchange by volume according to CoinMarketCap, is based in Dubai having moved its headquarters from Singapore in 2022.

Currently ranked as the second-largest crypto exchange by trading volume, Bybit continues to build its global footprint with a renewed focus on regulatory legitimacy and user-centric services.

Founded in 2018 and now based in Dubai, Bybit ranks as the second-largest crypto exchange by trading volume, according to CoinMarketCap. The company relocated its global headquarters from Singapore to Dubai in 2022.

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Week 22 of 2025