In line with CoinGecko, Bybit had the second-highest buying and selling quantity amongst crypto exchanges final 12 months and has made a “gradual however regular comeback” after struggling a $1.5 billion hack in February 2025.
CoinGecko analysis analyst Sean Paul Lee stated in a report on Thursday that Bybit’s buying and selling quantity will attain a complete of $1.5 trillion in 2025, and its market share will attain 8.1% yearly.
“Bybit returned to the highest regardless of struggling a large hack in February,” it stated, including that it “slowly regained its dominance all through 2025.”
The Bybit assault was the biggest crypto hack in historical past, with North Korean attackers stealing $1.5 billion price of Ether (ETH) by exploiting vulnerabilities within the alternate’s chilly pockets infrastructure.
Bybit’s recorded buying and selling quantity was $1.5 trillion all through 2025. supply: CoinGecko
Immunefi CEO Mitchell Amador informed Cointelegraph earlier this month that just about 80% of hacked tasks by no means absolutely get better on account of ongoing operations and a breakdown in belief.
Bybit has chosen measures resembling protecting withdrawals open and honoring all customers’ transactions. CEO Ben Zhou additionally appeared on digital camera to deal with issues, assuring customers that the alternate has sufficient funds to cowl all funds and plans to safe instant liquidity via exterior help.
Most exchanges will improve buying and selling quantity in 2025
In line with a report by CoinGecko, six of the highest 10 exchanges by market share will improve their buying and selling quantity in 2025, with buying and selling quantity growing by a mean of seven.6% yearly, leading to $1.3 trillion in further trades.
4 of the ten exchanges recorded double-digit development in buying and selling quantity, with MEXC turning into the quickest rising alternate this 12 months with buying and selling quantity growing 91% to $1.5 trillion from $766.7 billion in 2024.
“MEXC continued its aggressive zero-fee coverage throughout all spot buying and selling pairs, attracting high-frequency merchants and particular person customers, and growing buying and selling volumes,” Lee stated.
Regardless of the year-end delay, 2025 was a bumper 12 months for crypto costs, with Bitcoin (BTC) and different cash hitting a number of all-time highs.
Binance maintains its high place
Binance stays the market chief amongst crypto exchanges, and CoinGecko estimates that Binance’s buying and selling quantity has reached $7.3 trillion.
Nevertheless, there was no improve in annual buying and selling quantity in comparison with 2024, and buying and selling quantity decreased by 0.5% year-on-year.
“The low buying and selling quantity will be attributed to the general bearish sentiment within the crypto market following the historic liquidation occasion on October tenth,” stated Sean Paul Lee.
In an open letter final December, Richard Teng and Yi He, co-CEOs of each exchanges, introduced that Binance’s consumer base exceeded 300 million folks, and the full buying and selling quantity throughout all merchandise reached $34 trillion that 12 months.
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