Bybit Derivatives Volume Hits $321B as Crypto Market Sees Broad Recovery

Bybit's derivatives trading volume surged by 14.9% to $321 billion in August, according to a report from CoinDesk Research.

This marks a significant increase in market share for Bybit, which held a 5.26% spot trading market share for the month and ranked second among major exchanges by trading volume.

The growth comes amid a broader recovery across Centralized Exchanges (CEXs) in August, with combined trading volumes climbing 12.7% to $4.29 trillion.

In spot markets, volumes rose 18.7%, while derivatives volumes increased 11.3% across CEXs overall.