The world's second-largest cryptocurrency exchange Bybit today announced an industry-first initiative to fully disclose all liquidation data on the platform through a comprehensive upgrade of its API. With this bold move, Bybit will significantly enhance market transparency, allowing institutional investors, analysts, and trading users to grasp real-time and in-depth market dynamics, thereby gaining a decisive advantage in the rapidly evolving cryptocurrency space.

To align with the current cryptocurrency community's pursuit of high transparency, Bybit has enhanced its API capabilities through the latest WebSocket topic - "All Liquidations". Unlike the previous limitation of one message per second for each trade, the newly upgraded data stream can now provide real-time liquidation data every 500 milliseconds, ensuring that every liquidation event is recorded and disclosed in real-time, helping to improve the openness of the virtual asset market while strengthening trading reliability with a new standard.

Ben Zhou, co-founder and CEO of Bybit, stated: "The true meaning of cryptocurrency lies in transparency. By fully disclosing all liquidation data, we are actively responding to the cryptocurrency community's demand for high market openness, ensuring that trading users and analysts have access to complete and real-time market data to make informed decisions."

Disclosing Market Conditions

Ben recently emphasized the importance of providing accurate liquidation data to the market and pointed out that the limitations of APIs have prevented the industry from fully reflecting the true scale of market activities in the past. Currently, Bybit's API updates can address this issue and ensure that all liquidation events are comprehensively disclosed in real-time, providing trading users with a more complete and transparent market picture.

The following measures will bring significant benefits to the cryptocurrency investment community:

• Market Transparency: A comprehensive understanding of liquidation events allows users to better grasp the true depth of the market, enabling more precise analysis of market trends and the behavior of other investors, greatly enhancing confidence.

• Risk Management: Real-time data helps investors accurately identify support and resistance levels for assets, allowing for more accurate predictions of volatility peaks and improving risk management frameworks.

• Strategic Advantage: With detailed and unfiltered market data, investors will be able to plan future trading strategies, backtesting, and predictive models ahead of others, which is especially important for institutions aiming to maximize returns in the cryptocurrency market.

This initiative by Bybit will reshape the industry landscape, and the platform's commitment to transparency has already stirred waves in the industry. Currently, the industry-leading cryptocurrency analysis platform CoinGlass has integrated the latest liquidation data provided by Bybit into its interface, allowing a broad user base to analyze various market events accurately in a visual format.

Further Strengthening Institutional Investors

Institutional investors are accelerating their adoption of cryptocurrencies. Bybit's commitment to complete transparency signifies that the market is maturing and is ready for sophisticated capital. Bybit is dedicated to providing a reliable data foundation, greatly increasing the confidence of hedge funds, asset management companies, and trading firms looking for partners.

About Bybit

As the second-largest cryptocurrency exchange by trading volume globally, Bybit serves over 60 million users worldwide. Since its establishment in 2018, Bybit has been committed to creating a simpler, more open, and equitable ecosystem, redefining the openness of the decentralized world. We are deeply engaged in the Web3 space, forming strategic alliances with top blockchain protocols, providing robust infrastructure, and driving on-chain innovation. With secure and reliable asset custody, diverse trading markets, an intuitive user experience, and cutting-edge blockchain tools, Bybit has successfully built a bridge between traditional finance and decentralized finance, empowering developers, creators, and enthusiasts to fully explore the limitless potential of Web3.

Visit Bybit.com to explore the future of decentralized finance.

For more information about Bybit, please visit Bybit Press.

For media inquiries, please contact: media@bybit.com.

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