Bybit market summary
Centralized (CEX). Country British Virgin Islands. Established 2018. Trust rank 5. Reported 24h volume 55401.05 BTC.
Coverage: 645 active pairs across 483 tradable assets. Liquidity profile: High. Concentration: Moderately concentrated. Execution quality: Tight. Top ten pairs share 82.1%. Key pairs include BTC/USDT, ETH/USDT, USDC/USDT, SOL/USDT. Leading pair BTC/USDT. Median spread on leading markets 0.02%.
Understanding activity and pricing
Volume mix: USDT is the largest tracked quote currency at about 92.6% of measured flow. Data scope: 100 tickers observed, with spread readings on 100 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. With a large set of active pairs, execution can vary across markets, so check whether activity is spread beyond the leaders. Tight spreads on the leaders generally support cleaner fills, especially when depth remains stable. When comparing venues, weigh breadth, concentration, s.
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