What is Bybit & how does it work?

Bybit is a cryptocurrency exchange and trading platform headquartered in the British Virgin Islands, specializing in derivatives products. Through derivatives, users have the right to buy or sell supported cryptocurrencies for specific prices in the future.

What is a bit in Computer Science?

The bit is the most basic unit of information in computing and digital communications. The name is a portmanteau of binary digit. The bit represents a logical state with one of two possible values.

How many collections does Bybit support?

The platform currently supports five collections: Monster Galaxy, Mobland, ONBD, Tap Fantasy, and 3space Art. Where Is Bybit Located? Although Bybit was initially founded in Singapore in March 2018, the company has set up its headquarters in the British Virgin Islands. It is registered as Bybit Fintech Limited.

Where is Bybit trading?

The headquarters is in Singapore. The team of the founders consists of blockchain, forex and investment professionals. There are spot trading, inverse and USDT futures accessible to ByBit users. But trading perpetual derivative contracts for cryptocurrencies is the main ByBit specialization.