The exchange was founded in 2018 and registered in the British Virgin Islands. The company's founder and owner is Ben Zhou.
It is among the largest exchanges not only for spot trading, but also for derivatives, being among the top 5 exchanges in terms of open positions and futures market trading volumes.
It offers a wide range of products and services: wallet, P2P, staking, NFT, etc. The exchange actively implements modern technologies, offering users copy trading, AI bots, and integrated ChatGPT in June.
ByBit regularly invests resources in technological projects, with the latest investment being the purchase of P2P Validator service (provides non-custodial asset storage services).
In 2021, ByBit operations in the USA were blocked.