The Currency analytics
By Sakamoto Nashi
Bybit just became crypto's second-biggest exchange. The platform handled $1.5 trillion in trading volume during 2025, even after getting hammered by one of the industry's worst…
The Singapore-based exchange lost $1.5 billion to hackers earlier this year, sparking massive concerns about whether it could survive. But Bybit didn't fold.
Trading volume surged throughout the second half of 2025 as confidence returned. Bybit's recovery caught many analysts off guard, especially since similar hacks have killed other…
MEXC also climbed the rankings this year, grabbing market share from established players. Competition among crypto exchanges got pretty intense as traders looked for platforms…
Security became everything after the hack.
On January 15, 2026, Bybit announced a partnership with a major blockchain analytics firm to beef up its monitoring systems.
Bybit's expansion plans didn't stop despite the setback. The exchange wants to enter new Asian and European markets this year, betting that demand for crypto trading will keep…
Zhou's team scheduled a virtual town hall for February 2, 2026, to address lingering user concerns about the hack.
Regulatory pressure keeps building across the crypto space. Exchanges now face stricter compliance requirements in most major markets, forcing them to hire legal teams and…
The hack response became a case study for the industry. When hackers breached Bybit's systems, the exchange immediately froze withdrawals and started investigating.
Recovery took months, not weeks. Bybit had to rebuild its entire security infrastructure while keeping the platform operational for existing users.
Trading volumes tell the real story of Bybit's comeback. Monthly volume dropped to $80 billion immediately after the hack but climbed back to pre-incident levels by November 2025.
The crypto exchange landscape shifted dramatically in 2025. Several smaller platforms shut down after regulatory crackdowns, while others merged to stay competitive.
Cybersecurity spending across the industry jumped 400% after Bybit's hack. Other exchanges realized they were vulnerable to similar attacks and started upgrading their defenses.
Zhou won't discuss specific security measures publicly, saying that would help potential attackers.