Bybit has announced a significant change in its trading practice by moving its options and futures contracts to Tether (USDT), effectively ceasing the issuance of new USDC contracts starting February 26. This decision aims to enhance liquidity on the platform, particularly relevant as the cryptocurrency ecosystem increasingly gravitates towards USDC. However, Bybit’s focus on USDT reflects a unique strategy, especially considering that a substantial portion of its user base originates from the Russian Federation.
The liquidity of USDT remains notable, with a supply amounting to $145.2 billion, making it the leading stablecoin in the market. In contrast, USDC stands at a supply of $54.9 billion, positioning it as the second most significant stablecoin. Bybit has reported impressive trading figures, achieving $22.2 billion in daily trading volume, largely buoyed by the current bull run in 2024. Notably, Bitcoin (BTC) and Ethereum (ETH) continue to dominate as the most actively traded derivatives pairs on the platform.
This shift will specifically impact the SOLUSC and ETHUSDC futures, yet Bybit is committed to managing expiries of USDC and USDT contracts on different dates to prevent liquidity fragmentation.
Bybit’s Aspirations in Europe: A Bright Future Ahead
Despite facing restrictions in regions such as Canada, France, China, the USA, and the UK due to regulatory challenges, Bybit remains optimistic about establishing a strong presence in Europe. Recently, the exchange was removed from the French AMF blacklist after two years of diligent engagement with regulatory authorities. CEO Ben Zhou has confirmed that the platform is actively pursuing a MiCA license, signaling a robust commitment to compliance and growth within the European market.
As the regulatory landscape becomes more accommodating for cryptocurrencies, it paves the way for a surge in new investors eager to capitalize on the impending bull run.
For those exploring the best crypto to invest in, consider the advantages of joining the ecosystem of the most popular crypto wallet, Best Wallet, by acquiring Best Wallet Token ($BEST).
Introducing Best Wallet Token ($BEST)
$BEST is the proprietary altcoin of the Best Wallet App, renowned as the best crypto wallet available on the market. With access to over 60 crypto chains, the wallet allows users to manage their entire portfolio seamlessly.
Best Wallet prides itself on being non-custodial and decentralized, requiring no lengthy KYC processes—making it user-friendly and accessible for beginners. Since its launch in November 2024, the wallet has garnered over 500,000 total users, with 250,000 daily active participants, further underscoring its value and usability.
To learn more, check out our comprehensive Best Wallet review.
Owning $BEST enhances the functionality of the Best Wallet App, unlocking exclusive benefits. Token holders gain early access to the best crypto presales before they reach the public, providing opportunities to identify potential 100x meme coins and altcoins before they appreciate significantly. Furthermore, $BEST holders can purchase these cryptocurrencies directly in the Best Wallet App at a reduced fee compared to other wallets.
Security is a priority; every token will be thoroughly vetted by the in-house $BEST team, ensuring protection against fraudulent crypto projects.
Why Invest in $BEST?
To appreciate $BEST’s growth potential, it’s essential to explore the ambitions of Best Wallet.
- Firstly, the non-custodial wallet market is valued at a substantial $11 billion, and Best Wallet aims to capture 40% of this market by 2026.
- Secondly, upcoming plans include the launch of a Best card and a Best DEX (a native decentralized exchange).
As the Best Wallet App expands its reach and establishes itself as the preferred platform for global crypto investors, the $BEST token is positioned for substantial rewards.
Moreover, $BEST is committed to fostering a robust community of crypto investors equipped with valuable learning resources. Token holders can engage in daily or weekly quests for airdrop rewards.
Recently, the airdrop initiative has attracted a community of over 7,000 users, completing more than 75,000 quests. Join the 48.8K-strong X community or keep up with updates via Discord and Telegram channels.
Analysts project a monumental 13,000% growth in the value of $BEST by the end of 2025, potentially propelling its price to $3.25. This upward momentum is predicted to extend into 2026, with an anticipated valuation hitting $6.47.
Currently, the Best Wallet presale is live, having already raised over $10 million, where you can purchase $BEST at a low price of $0.024. Act fast, as the next price increase is scheduled within 12 hours, making this a unique opportunity to acquire $BEST before it rises.
However, it’s crucial to conduct your own research prior to investing in cryptocurrencies, as the market can exhibit high volatility. This article does not constitute financial advice; always consider consulting with a financial professional before making investment decisions.
