Crypto exchange Bybit deploys top-tier infrastructure to support transparent trading

cointelegraph.com:

Cryptocurrency is far from a simple concept, with many terms and technologies being entirely unheard of before the release of Bitcoin (BTC). The lack of knowledge becomes a significant barrier for new investors to adopt and begin using digital currencies. For this reason, cryptocurrency trading platforms occupy a crucial position in the market for their ability to bridge the unknown with a familiar user experience.

The challenge is that the cryptocurrency industry has been continuously growing, changing and evolving along with its users, bringing to light new use cases and more significant opportunities to match traditional finance concepts such as derivatives and spot trading. Consequently, two separate markets have arisen. One is the niche, knowledgeable user seeking the same experience in regular fiat exchanges and frequent additions, and that of the first-time user, making up the wider population seeking an easy entryway into a new market. 

As the world enters the next iteration of cryptocurrency mass adoption, it becomes crucial to deliver experiences that can support the wider population who are just now finding out the technology’s capabilities and grow alongside them with features expected by the more versed user.

Bybit aims to fill this gap as a cryptocurrency exchange, complete with products including spot and derivatives, while also offering solutions asset-specific offerings such as peer-to-peer (P2P) trading and a nonfungible token (NFT) market. The Bybit team has become a proud principal team partner with Oracle Red Bull Racing to reveal a series of crypto-inspired initiatives to demonstrate their industry-forward focus.

The exchange has also deployed various financial incentives to encourage new deposits,