# Bybit

> Your crypto journey, simplified

Bybit is a cryptocurrency exchange offering trading and digital asset services for retail and institutional users. It provides spot and derivatives trading along with custody, earn, and other crypto products.

Bybit is a cryptocurrency exchange that provides trading, custody, and related digital asset services to retail and institutional users. The platform supports spot and derivatives trading alongside earn products, payment tools, and a Web3 wallet, giving users a range of ways to buy, hold, and trade digital assets in one account.

The exchange addresses the need for a centralized venue where users can access liquidity across multiple markets without managing several accounts across platforms. It functions through an order book model for spot and derivatives markets, combined with custodial account infrastructure for holding client funds. Regulated entities operate under the Bybit brand in certain jurisdictions, and the exchange publishes information related to its reserves.

Bybit's offering spans a primary trading exchange, a Web3 wallet, and a payments product, serving traders ranging from individual retail users to institutional desks seeking access to digital asset markets. It also maintains developer-facing resources supporting integrations with its trading infrastructure. The exchange has publicly addressed a large-scale security incident affecting one of its systems and has continued operating while reinforcing its security practices.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2018-03-01
- Profile: https://thegrid.id/profiles/Bybit

## Products

- [Bybit SOL Staking](https://thegrid.id/profiles/Bybit): Bybit SOL Staking is a liquid staking service that lets users stake Solana tokens and receive a liquid staking token representing their staked position. Deposited assets are distributed across multiple validators to earn network staking rewards, with reward accrual reflected in the growing value of the liquid token. Holders can redeem the token for the underlying asset at any time, or use it in other decentralized finance applications, including margin borrowing against staked positions. (Liquid Staking, Live)
- [Bybit Exchange](https://thegrid.id/profiles/Bybit): Bybit Exchange operates a multi-asset trading platform supporting spot markets, perpetual and options contracts, and copy trading functionality across multiple cryptocurrency pairs. The platform executes order matching through centralized limit order books, enabling leverage trading with up to 100x on derivatives contracts, automated strategy deployment through trading bots, and position mirroring from professional traders. (Centralised Exchange, Live, Main Product)
- [Bybit Wallet](https://thegrid.id/profiles/Bybit): Bybit Wallet is a self-custody wallet application that combines custodial cloud storage, seed phrase self-custody, and MPC key management within one mobile and browser app. It enables users to store digital assets, sign blockchain transactions, and access decentralized applications through an integrated dApp browser. The wallet supports asset management and connectivity across multiple blockchains. (Wallet, Live)
- [Bybit NFT Marketplace](https://thegrid.id/profiles/Bybit): Bybit NFT Marketplace operates a multi-chain platform for non-fungible token trading, supporting NFT minting, peer-to-peer sales, and auction mechanisms across Ethereum, BNB Chain, Polygon, and Solana networks. The marketplace implements centralized order matching with integrated wallet connectivity, enabling direct NFT purchases through cryptocurrency payments and secondary market trading with royalty distribution. (NFT Marketplace, Live)
- [Bybit Earn](https://thegrid.id/profiles/Bybit): Bybit Earn is a savings and yield product that enables users to deposit crypto assets and earn stated APR returns through flexible or fixed-term accounts managed by Bybit. Flexible terms offer daily accruing yield with no lock-up period, while fixed terms provide higher rates for defined durations. Staking and structured products are also available for additional passive income strategies. (Savings & Yield, Live)
- [Bybit Card](https://thegrid.id/profiles/Bybit): Bybit Card is a payment card that enables real-time cryptocurrency conversion at point-of-sale terminals and online checkouts. Supported crypto assets are automatically liquidated at prevailing exchange rates during transactions, with merchant payments settled in fiat currency. Cardholders earn cashback rewards in cryptocurrency based on spending volume and card tier. (Card, Live)
- [Bybit OTC](https://thegrid.id/profiles/Bybit): Bybit OTC is an over-the-counter trading service that facilitates large-volume cryptocurrency transactions between institutional clients and high-net-worth individuals. Trades are negotiated directly between counterparties rather than matched through a public order book, allowing settlement without market impact or orderbook exposure. (OTC, Live)
- [Bybit Pay](https://thegrid.id/profiles/Bybit): Bybit Pay is a cryptocurrency payment service that lets users spend digital assets at merchants worldwide by scanning QR codes, send peer-to-peer transfers, and purchase gift cards or mobile top-ups. Payments are made from a dedicated funding account and can be topped up with supported fiat or crypto balances. The service connects to websites, mobile apps, and point-of-sale terminals for checkout. (Peer to Peer & Remittance, Live)

## Assets

- [Bybit Staked SOL (BBSOL)](https://thegrid.id/profiles/Bybit): BBSOL is a liquid staking token representing staked SOL on Bybit's platform. It is used to earn staking rewards while maintaining liquidity for trading or use in DeFi applications across both centralized and decentralized platforms. Staking rewards automatically reflect in bbSOL's value, eliminating the need for manual claiming and allowing users to benefit from Solana network security without locking up capital. (Liquid Staking Tokens (LSTs))

## Links

- [Main](https://www.bybit.com)
- [Blog](https://www.bybitglobal.com/en/press)
- [Documentation](https://www.bybitglobal.com/en/help-center)
- [Media Kit/branding](https://www.bybit.com/en/press)
- [Privacy policy](https://www.bybit.com/en/legal/policies-and-rules/privacy-policy)
- [Terms of Service](https://www.bybit.com/en/legal/terms-of-service)
- [Main](https://www.bybit.eu)
- [Twitter / X](https://x.com/Bybit_Official)
- [LinkedIn](https://www.linkedin.com/company/bybitexchange)
- [Discord](https://discord.com/invite/CeGhhS95fQ)
- [Telegram](https://t.me/BybitEnglish)
- [TikTok](https://www.tiktok.com/@bybit_official)
- [Reddit](https://www.reddit.com/r/Bybit)
- [YouTube](https://www.youtube.com/c/Bybit)
- [Instagram](https://www.instagram.com/bybit_official)
- [Facebook](https://www.facebook.com/Bybit)
- [Twitter / X](https://x.com/byreal_io)
- [Telegram](https://t.me/Byreal_Community)
- [YouTube](https://www.youtube.com/@Byreal_io)
- [Twitter / X](https://x.com/Bybit_Web3)

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP