Latest news with #Bybit
Yahoo
3 hours ago
- Business
- Yahoo
Thai SEC Consults on Rules Allowing Exchanges to Offer Utility Tokens
Thailand's Securities and Exchange Commission (SEC) opened a consultation on rules for exchanges to issue their own utility tokens. The regulator is proposing allowing crypto exchanges, or a person related to the exchange, to issue utility tokens for blockchain transactions, it said on its website. Exchanges will have to disclose the names of anyone related to token issuers so the SEC can monitor for insider trading. The consultation comes as the regulator looks to strike a balance between allowing innovation while preventing illicit activity. In May it said citizens will be blocked from accessing crypto exchanges including Bybit and OKX from June 28, citing violations of the Digital Asset Business Act. In March it added Tether's USDT stablecoin and Circle's (CRCL) USDC to its list of approved tokens that can be traded on exchanges. Previously, only bitcoin BTC, ether ETH, XRP XRP, stellar XLM and some tokens used in the Bank of Thailand's settlement system were approved by the SEC. Thailands' SEC will be gathering opinions on its rules up until July 21, it said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business
- Business Insider
Best Bybit alternatives 2025: Why BYDFi is the top pick for high-leverage perpetual traders
As the cryptocurrency market matures in 2025, seasoned traders are looking for platforms that combine powerful tools, flexible leverage, strong security, and regulatory credibility. If you're on the hunt for the best Bybit alternative exchange, BYDFi tops the list—especially for those who trade high-leverage perpetual contracts. BYDFi: A Powerhouse Bybit Alternative Built for the Modern Trader Launched in 2020 and rebranded in 2023, BYDFi (short for 'BUIDL Your Dream Finance') has quickly grown into one of the most respected global platforms in the crypto space. With users across 190+ countries and accolades like Forbes' Top 10 Crypto Exchanges (2023), BYDFi is no longer just an up-and-coming name—it's a serious competitor to platforms like Bybit. What makes BYDFi the ideal Bybit alternative exchange? The answer lies in its suite of innovative features: up to 200x leverage on perpetual contracts, intuitive copy trading, a massive selection of tradable assets (700+ coins), and the recent addition of MoonX—its own on-chain trading tool for Web3 markets. Unmatched Leverage, Deep Liquidity, and More with BYDFi Perpetuals BYDFi's edge lies in its perpetual contract offerings. With 200x leverage—outperforming Bybit's typical 100x or 125x—BYDFi allows traders to capitalise on market volatility with greater flexibility. More than 400+ USDT-M and Coin-M perpetual pairs are supported, giving users access to both major tokens and fast-moving altcoins. What's new in 2025? This upgrade makes BYDFi an essential platform for both pro-level traders and ambitious beginners aiming to grow their portfolios through strategic leverage. Not Just Trading—It's a Full Ecosystem for Growth 🌐 Spot & Perpetual Trading for 700+ Cryptos Trade leading coins like BTC, ETH, XRP, DOGE, and emerging 100x gems you won't find elsewhere. Whether you're buying the dip or scalping on leverage, BYDFi covers the full spectrum of trading strategies. 🔄 Industry-Leading Copy Trading Copy the moves of top-performing traders with as little as $10. This feature makes BYDFi extremely accessible, especially for users just starting out or looking to automate profits. ⚙️ Smart Trading Bots and Strategies From grid trading to Martingale, BYDFi offers tools that automate trades based on pre-set logic. These bots help you manage risk, avoid emotional trading, and maintain profitability in volatile markets. 🧪 Risk-Free Demo Trading All users receive 50,000 USDT in a demo account, allowing them to practice real-world trading strategies without the stress of losing capital. Committed to Security and Compliance BYDFi takes regulation seriously. It holds dual MSB licenses in the U.S. and Canada, and in 2024 it joined South Korea's CODE VASP Alliance, reinforcing its focus on responsible crypto innovation. User funds are safeguarded via: Cold wallet storage Multi-party transaction approvals Segregated user accounts Strict withdrawal whitelisting To further strengthen its security infrastructure, BYDFi partnered with Ledger in early 2025 to launch a co-branded hardware wallet, offering unmatched safety for digital assets. BYDFi MoonX: Web3 Trading Made Easy April 2025 saw the launch of MoonX, BYDFi's Web3 trading tool tailored for the Memecoin boom and DEX trading. Supporting both Solana and BNB Chain, MoonX marks a new era where CEX efficiency meets DEX freedom—giving traders the best of both worlds. Simple Onboarding and 8,100 USDT in Welcome Rewards Getting started on BYDFi is fast and beginner-friendly: Create your account and verify email. Enable 2FA for enhanced security. Fund your account via credit/debit card, bank transfer, or crypto wallet. Access spot, futures, and copy trading—backed by strategy bots and live analytics. 🎁 New users can earn up to 8,100 USDT in rewards just by completing simple onboarding tasks. Visit the BYDFi Welfare Center to start collecting bonuses. If you're seeking a trading platform that pairs deep liquidity, 200x leverage, full-featured trading tools, and uncompromising security, BYDFi stands tall as the best Bybit alternative exchange this year.
Business Insider
2 days ago
- Business
- Business Insider
Bybit P2P Summer Draw Turns up the Heat with iPhone 16 Pro Max and Premium Tech Prizes
Dubai, United Arab Emirates, June 19th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the launch of its latest P2P Summer Draw, offering users the opportunity to win premium technology gadgets, trending crypto rewards, and P2P coupons all on Bybit P2P. From now until September 10, 2025, the Bybit exclusive event features an extensive prize pool designed to reward active P2P trading participants throughout the summer months. To participate, eligible users may register for the lucky draw, and complete simple deposit, trading, or referral tasks in exchange for lucky draw tickets. The Summer Draw's prize selection includes high-value technology products headlined by the iPhone 16 Pro Max, Apple Watch Series 10, and AirPods Max. Additionally, lucky winners can win crypto bonuses, exclusive P2P trading coupons, and popular tokens, creating multiple reward categories to appeal to diverse user preferences. The event is exclusive for eligible Bybit's P2P users, reenforcing Bybit's commitment to driving P2P trading adoption and enhancing user experience through engaging and rewarding activities. Bybit P2P facilitates the direct buying and selling of crypto holdings between users, bridging the diverse needs among traders across asset types, while providing a rewarding experience for users. With over 600 payment options and zero fees on crypto transactions, Bybit P2P is a popular marketplace for P2P traders, trusted for its 24/7 customer support, convenience, and escrow system. Rewards are on a first-come, first-served basis. Restrictions apply. For more benefits and rewards, users may explore Bybit P2P. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at For media inquiries, please contact: media@ Contact Bybit
Cision Canada
2 days ago
- Business
- Cision Canada
Bybit Kazakhstan and Bank CenterCredit Launch Direct Fiat Channel to Boost Local Crypto Accessibility
ALMATY, Kazakhstan, June 18, 2025 /CNW/ -- Bybit Kazakhstan, the authorized entity of Bybit, the world's second-largest cryptocurrency exchange by trading volume, has officially launched a fiat deposit and withdrawal channel in partnership with Bank CenterCredit, one of the country's leading financial institutions. This initiative marks a major step in building a secure and regulated crypto-fiat channel tailored for local users. The partnership enables users of Bybit Kazakhstan to deposit and withdraw fiat funds in Kazakhstani tenge (KZT) directly through their bank accounts at Bank CenterCredit, providing a smoother on-ramp and off-ramp to the crypto market via both Bybit Kazakhstan and Bank CenterCredit platforms. The integration was designed to ensure speed, transparency, and full compliance with local regulations. A Partnership Built for Growth This collaboration between Bybit Kazakhstan and Bank CenterCredit (BCC) is founded on a shared commitment to advancing digital finance in Kazakhstan. BCC's track record in fintech innovation and strong position within the local banking ecosystem make it an ideal partner for expanding Bybit's local service offering. Michelle D., Head of Regulated Regions at Bybit, stated: "Our aim is to make digital asset access as straightforward and secure as possible for users in Kazakhstan. Partnering with Bank CenterCredit allows us to bridge the gap between traditional finance and crypto, while operating within a fully regulated framework. This is a meaningful step in supporting Kazakhstan's growing interest in blockchain technology." Regulated, Local, and User-First The new fiat channel further positions Bybit Kazakhstan as a key player in the region's evolving fintech landscape. With AFSA licensing in place and local partnerships strengthening, the platform is focused on delivering products that are not only globally competitive but also tailored to the needs of Kazakhstani users. This launch follows the recent rollout of Bybit Kazakhstan's local platform, signaling the company's long-term commitment to building within the region. The fiat channel is now live, and users can access it through their Bybit Kazakhstan and Bank CenterCredit accounts. Additional local features and payment integrations are in development, with further announcements expected in the near future. To explore the regulated offerings by Bybit Kazakhstan, licensed under the financial regulator Astana Financial Services Authority, users may explore #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at About Bybit Kazakhstan Bybit Kazakhstan is authorised firm by the financial regulator of the AIFC, AFSA, to conduct the Regulated Activity of Operating a Digital Asset Trading Facility, Providing Custody, Dealing in Investments as Principal, Dealing in Investments as Agent and Managing Investments in relation to Digital Assets under Licence Number AFSA-A-LA-2024-0027. Status of the licence and its validity may be verified at the AFSA website ( This financial promotion is offered to all types of clients: retail, accredited and professional investors. Please note that investment in digital assets involves the risk of the possibility of partial and/ or full loss of investment capital.
Crypto Insight
3 days ago
- Business
- Crypto Insight
Gemini, Coinbase expected to secure EU licenses under MiCA — Report
Crypto exchanges Gemini and Coinbase are reportedly set to secure licenses to operate in the European Union, marking a significant step in their expansion under the newly implemented Markets in Crypto-Assets (MiCA) regulations. Gemini is on track to receive approval from Malta, while Coinbase is expected to obtain its license through Luxembourg, Reuters reported Monday, citing unnamed sources familiar with the matter. A Coinbase spokesperson declined to comment on the specific application but told Reuters that Luxembourg is a 'well-respected global financial center.' Gemini and Coinbase would join other major exchanges moving into the EU under the MiCA framework. As previously reported by Cointelegraph, Bybit recently gained regulatory approval to operate in the region via Austria. In January, Binance updated its deposit and withdrawal procedures in Poland to comply with the MiCA framework. Regulations under the MiCA framework took effect in June 2024, with full implementation following in December after the European Securities and Markets Authority (ESMA) issued final guidance for EU member states. MiCA is designed to create regulatory consistency across the region while strengthening investor protection and promoting financial stability. MiCA sparks stablecoin debate While MiCA has been welcomed by some industry observers for bringing greater clarity to the rapidly evolving crypto asset space, not all feedback has been positive. As Chainalysis noted, the rules still leave 'some room for interpretation and uncertainty,' particularly regarding stablecoins. One contentious provision requires stablecoin issuers to hold a 'significant' portion of their reserves in European banks — a key reason why USDt issuer Tether has declined to pursue registration under MiCA. Nevertheless, at least 10 other stablecoins have been approved under the framework, including those issued by Circle, Fiat Republic, Société Générale and others. Early signs suggest that stablecoin adoption under MiCA has been lukewarm, however. In Italy — one of the EU's largest markets — MiCA has not led to significant stablecoin adoption, according to Fabio Panetta, former European Central Bank official and current Governor of the Bank of Italy. Instead, he noted, interest has increasingly shifted toward 'custodial and trading services.' Source:
