What is Bybit in the context of cryptocurrency?

Bybit is a cryptocurrency derivatives exchange that has gained significant prominence in the digital asset trading space. It provides users with a platform to trade various cryptocurrency products, including perpetual contracts and futures with high leverage options. Bybit is known for its user-friendly interface, advanced trading features, and robust security measures, making it attractive to both novice traders and professional investors. The exchange offers contracts that track the price of major cryptocurrencies like Bitcoin and Ethereum against the US dollar and allows for the use of leverage to amplify trading results. With its headquarters originally in Singapore but later moved to British Virgin Islands due to regulatory considerations, Bybit has established itself as a competitive player among crypto derivative trading platforms and continues to grow its user base worldwide.