Bybit is one of the fastest growing cryptocurrency exchanges, often proposing staking rates for limited periods at more than 100%.
Why Bybit is safe ?
- Funds are backed 1:1
- Bybit is not collateralized in BIT
- Bybit has no trading desk, all the revenue comes from fees
- Bybit is about to sign a contract with reputable auditors for the PoR
- Bybit has increased its withdrawal capacity to face rising demand, by moving funds from cold/warm to hot wallet
- Bybit has prepared itself for a long-term bear market by selling ETH and BTC into stablecoins to cover operational costs
Just solid safety cushion, cold wallets and transparent over-collateralized loans