Bybit (Futures) market summary
Decentralized (DEX). Country Seychelles. Established 2018. Trust rank 460.
Coverage: 636 active pairs across 557 tradable assets. Liquidity profile: High. Concentration: Diversified. Execution quality: Competitive. Key pairs include ETH/USDT, BTC/USDT, SOL/USDT, AXS/USDT.
How to read the key metrics
Volume mix: USDT is the largest tracked quote currency at about 96.7% of measured flow. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. A broad pair list usually improves routing flexibility, but pricing quality still depends on where volume concentrates. To evaluate fit, use coverage, concentration, spreads, and the leading pairs list together, especially if you rely on fast fills.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy