how does bybit make money

Bybit generates revenue through a diversified portfolio of streams, including trading fees, liquidity mining, listing fees, derivatives trading, staking rewards, referral programs, ecosystem services, margin trading, and other income sources.

Nov 01, 2024 at 10:44 am

How Does Bybit Make Money?

Bybit, a cryptocurrency exchange founded in 2018, generates revenue through various streams, including:

1. Trading Fees:

Bybit charges a 0.1% maker fee and a 0.1% taker fee on all spot trades.
For perpetual futures, a maker fee of 0.025% and a taker fee of 0.075% apply.
These fees are deducted from the trades executed on the platform.

2. Liquidity Mining:

Bybit offers liquidity mining programs that reward users who provide liquidity to the platform's trading pools.
These programs offer a share of the trading fees generated from the respective pools.

3. Listing Fees:

Bybit charges listing fees to projects that want their tokens to be traded on the exchange.
These fees vary depending on the project and the number of tokens being listed.

4. Derivatives Trading:

Bybit offers perpetual futures contracts that allow traders to speculate on the price of cryptocurrencies without taking physical delivery.
The exchange charges fees on these contracts, including funding fees and liquidation fees.

5. Staking Rewards:

Bybit has partnered with various projects to offer staking services.
Users who stake their crypto assets on the platform earn rewards in the form of additional coins or tokens.

6. Referral Program:

Bybit offers a referral program that rewards users who invite new traders to the platform.
Referrers earn a percentage of the trading fees generated by their referred users.

7. Ecosystem Services:

Bybit has developed its own ecosystem of services, including a non-custodial wallet, a lending platform, and a derivatives exchange.
These services generate revenue through transaction fees, interest payments, and trading fees.

8. Margin Trading:

Bybit allows traders to borrow funds to increase their trading leverage.
The exchange charges interest on these loans, which adds to its revenue.

9. Other Income Sources:

Bybit also generates revenue from occasional promotions, events, and collaborations.
The exchange may also earn income from investments or partnerships.

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