Common problems
What does centralized exchange mean?
A centralized exchange generally refers to a custodial asset trading place controlled and managed by a company or operating entity. Users need to deposit their assets on the platform to start trading. In traditional finance, stock exchanges such as NYSE, Nasdaq, etc. are all centralized exchanges. Binance, Coinbase, and Kraken are centralized exchanges in the crypto industry. Their operations are similar to Nasdaq, using a central order book model to match transactions and determine asset prices.
What fiat currencies does Bybit support?
Bybit currently supports 6 types, including USD, EUR, GBP, AUD, CAD, AED.
What is the market capitalization of Bybit?
The current market value of Bybit is 1068.