Bybit is a leading cryptocurrency derivatives exchange founded in 2018, known for its user-friendly interface, deep perpetual futures liquidity, and rapid growth to become the second-largest crypto exchange by derivatives volume. Founded by Ben Zhou and headquartered in Dubai. Core strengths include perpetual futures trading (Bitcoin, Ethereum, and 200+ altcoin perpetuals), spot trading, copy trading (automatically mirror top traders signals), grid trading bots, and an earn section (flexible and fixed savings). Bybit gained significant market share following FTX collapse in November 2022, absorbing traders seeking reliable alternatives. Fees: 0.1% spot taker, 0.055% futures taker – among the most competitive in the industry. Bybit suffered a major hack in February 2025 – the North Korean Lazarus Group stole approximately $1.5 billion in ETH (the largest crypto exchange hack in history) by compromising a Safe multisig signing interface used by Bybit cold wallet. Bybit covered all losses from reserves and remained solvent, demonstrating financial resilience. Bybit copy trading feature is one of the most polished in the industry, attracting both signal providers and followers.
Example: Example: An aspiring trader discovers Bybit copy trading: they browse top-ranked traders by 90-day ROI and maximum drawdown metrics, then allocate $5,000 to mirror a trader with 85% win rate and controlled risk profile. Every trade the master executes is automatically replicated proportionally in the follower account – passive exposure to professional strategy without requiring trading expertise.
Learn more: Bybit Exchange
