Bybit’s Stress-Test Year: How a $1.4B Hack, Regulation Wins, and Ecosystem Expansion Shaped 2025
The world’s second-largest cryptocurrency exchange by trading volume entered the year riding momentum and exited it having survived one of the biggest security breaches in crypto history, expanded its global regulatory footprint, and quietly built one of the industry’s most diversified trading ecosystems. The result: 80 million registered users, sustained No. 2 market positioning, and a platform increasingly designed to blur the line between crypto, traditional finance, and on-chain activity.
