Bybit posts $1.5T in 2025 volume and 8.1% market share, reclaims second place while accelerating push into retail banking and institutional custody

first published 2026-01-30T02:59:30Z

CoinGecko reports Bybit recorded $1.5 trillion in trading volume in 2025 (8.1% market share), the second-highest exchange volume despite suffering a $1.5 billion cold-wallet hack in February attributed to North Korean attackers. Bybit kept withdrawals open, honored user transactions and CEO Ben Zhou publicly said the exchange had sufficient funds and would secure liquidity. CoinGecko also noted six of the top 10 exchanges grew volumes in 2025 (MEXC rose 91% to $1.5T) while Binance led with $7.3T but saw a 0.5% year-on-year decline.

AI Analysis

Bybit’s $1.5T 2025 volume and 8.1% market share despite a $1.5B cold-wallet hack, combined with the exchange keeping withdrawals open and CEO assurances of sufficient funds, supports a mildly positive view of Bybit’s operational resilience; the report also provides concrete volume figures across exchanges (MEXC +91% to $1.5T, Binance $7.3T, -0.5% YoY) that inform market share context. These are factual operational and volume datapoints rather than direct price-moving events, so impact is limited.

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