Bybit, the second largest crypto exchange by spot volumes, announced on Wednesday that it has achieved a major milestone of 30 million registered users worldwide. The company also unveiled Copy Trading Pro, a new platform that enables investors to mirror the strategies of more experienced traders to potentially earn passive income with more consistent returns.
Bybit Surpasses 30 Million Users, Reaches 12% Market Share
The Dubai-based exchange has seen strong growth in last twelve months, with its market share in spot trading surging from 2% in 2023 to more than 12% in 2024, according to Finance Magnates Intelligence.
"Reaching 30 million registered users is a humbling achievement, and it wouldn't be possible without the unwavering support of our vibrant global crypto community," said Ben Zhou, Co-founder and CEO of Bybit. "We are incredibly grateful for their trust and remain committed to providing best-in-class, reliable services tailored to local needs."
Interestingly, the company had already celebrated reaching the same milestone last month, having added 10 million new users in just six months. However, this time Bybit has also announced the launch of a new copy trading product in current lineup.
Bybit Unveils Copy Trading Pro for Passive Crypto Investing
Although copy trading has long been a cornerstone of Bybit's offerings, the platform has now introduced a new service called Copy Trading Pro. This allows investors to automatically replicate the trades of carefully selected "Pro Masters" across both spot and derivatives markets.
These expert traders can employ diverse strategies to maximize returns and earn up to 30% of profits generated. Investors' funds are locked in for 180 days, with weekly redemptions available, providing Pro Masters a stable capital base to execute longer-term plays.
"With Copy Trading Pro, we are revolutionizing the way traders and investors participate in the crypto market, creating a safer and more mutually beneficial environment for both sides," said Joan Han, Sales and Marketing Director at Bybit.
For investors, Copy Trading Pro offers the ability to align with top traders while retaining platform safeguards like 10x leverage limits and robust risk management tools. Investments seamlessly mirror Pro Masters' positions, eliminating slippage and missed trades.
The launch of the new copy trading platform comes as Bybit continues to push into the Web3 space. Recent initiatives like the Airdrop Arcade, NFT Pro, and Inscription Marketplaces aim to simplify access to blockchain projects and ecosystems. The upcoming Bybit Web3 DEX Pro will in addition provide a decentralized exchange experience.
In the most recent move, the crypto exchange has integrated Apple Pay into its offering, enhancing purchases of digital assets.
This article was written by Damian Chmiel at www.financemagnates.com.
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