Bybit News: BYDFi Celebrates 5th Anniversary with Remarkable Growth and Diversification

In the ever-evolving world of cryptocurrency exchanges, BYDFi has emerged as a standout player, marking its 5th anniversary with a remarkable journey of growth and diversification. From its humble beginnings as a platform focused on lightweight contract trading, BYDFi has transformed into a comprehensive ecosystem offering a wide range of trading options.

From CEX to DEX: BYDFi Celebrates 5 Years of Remarkable Growth

April 1, 2025 marks the 5th anniversary of BYDFi, a globally renowned crypto trading platform. Over the past five years, BYDFi has evolved from a platform focusing on “lightweight contract trading” to a diversified ecosystem offering spot, perpetual contract, strategic trading, and on-chain Memecoin assets. The platform has completed a remarkable transformation, from inception to exponential growth. Key milestone events include its official launch in April 2020, marking BYDFi’s entry into the cryptocurrency trading market. Now, BYDFi celebrates this important milestone with a grand anniversary celebration, reflecting on a journey marked by innovation, resilience, and growth.

Bybit Partners with Zodia Custody to Enhance Asset Security

Following a $1.45 billion hack six weeks ago, Bybit has collaborated with Zodia Custody to bolster security for institutional clients. Zodia, backed by traditional finance giants like Standard Chartered, offers segregated custody and off-venue settlement. This partnership allows Bybit users to trade while their assets remain in Zodia’s custody, minimizing on-exchange risks and preventing fund co-mingling. The February attack on Bybit remains the largest crypto exchange hack in dollar terms, highlighting the need for robust custody services to support institutional adoption of digital assets.