Bybit Reports Surge in Trading Volume Amidst USDC Volatility

  • Bybit’s spot market volume for USDC grows by 1,437%
  • Bybit becomes No.2 crypto exchange in MENA

 DUBAI, UNITED ARAB EMIRATES – Media OutReach – 17 March 2023 – Bybit reports a surge in volume for USDC pairs as the world’s third most visited crypto exchange ramps up efforts to meet market demands. Relying on trusted platforms to navigate the recent crypto and banking volatility, customers are turning to Bybit for its rock-solid security and market depth.

Bybit’s spot market volume for USDC grew 1,437%, with USDC contribution to the total spot trading volume rising from 8% to 40%. Bybit’s perpetual market saw the daily trading volume of the USDC/USDT pair exceeding $380 million, and the annualized funding rate reaching as high as 740%.

Bybit’s success is a testament to its rapidly expanding user base, and the trust traders, institutions, and investors put in the platform. Bybit’s battle-tested trading engine, proof of reserves, and sound risk management have seen the crypto exchange grow its market share throughout 2022 despite challenges — a trend that continues in 2023.

To optimize the trading experience and flexibility in portfolio management, Bybit is now offering zero fees on its options contracts and zero fees on all USDC Spot pairs and major stablecoin pairs such as USDC/USDT, BUSD/USDT, DAI/USDT, and WBTC/BTC.

While long-term issues affect the legacy financial system, the crypto exchange has been offering new alternatives from the world of Web3 including Bybit Wallet, which allows users to access decentralized finance apps while keeping their funds safe in custody. The newly launched Bybit Card, a debit card powered by the Mastercard network, allows users to off-ramp crypto into fiat to easily make purchases or take out cash from ATMs. The digital card is already available with preorders for the physical card commencing March 17.

Bybit has also announced the plan for a new headquarters in Dubai in spring 2023. With more than 400 crypto and blockchain businesses operating in the Middle East’s burgeoning digital assets hub, Bybit has taken the No.2 spot among exchanges in the region. In just under a year, Bybit has generated $33.5b in trading volume across the Middle East and North Africa and is on track to double that figure in 2023.

“One thing we do well at Bybit is to Listen, Care and Improve. It is our job to be there for our customers when they need us the most. And we are able to support the surge in volumes in volatile markets because of years of building on platform integrity, fund safety, security, product integrations and risk management. We are determined to empower our customers with next-level products such as AI trading bots, easy fiat conversions, and proof of reserves,” said Ben Zhou, co-founder and CEO of Bybit. “Bybit is the choice of reliability and transparency in times of high volatility, and these are qualities that will steer Bybit towards its goal of becoming the go-to ‘Crypto Ark’ for investors worldwide,” he said.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit: https://www.bybit.com/

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Media contact:
press@bybit.com

crypto.ro Announces ‘The Alliance’, the Most Anticipated Crypto Conference in 2023

Crypto.ro is hosting their first crypto conference since going globally

TIMIŞOARA, ROMANIA / ACCESSWIRE / March 16, 2023 / Crypto.ro, Romania’s leading cryptocurrency and blockchain media company, is hosting “The Alliance” event in Timișoara on September 21, 2023, at prestigious Galla Events.

The event will unite the most innovative minds, game changers, entrepreneurs, investors, and blockchain enthusiasts to discuss the latest developments and opportunities in the crypto space.

“The Alliance” is set to provide a platform for innovators and community builders to connect, share experiences, and work together on fresh new ideas.

“The hosting of The Alliance conference is a significant achievement for crypto.ro. We hope this event will have a great impact in the growth and adoption of cryptocurrencies and blockchain technology both in Europe and globally,” said Alex Numeris, Founder and CEO.

With more than 500 participants expected to attend from around the world, this one-day event is set to be an incredible opportunity for attendees to network, learn, talk about the latest crypto news, and collaborate with some of the most influential voices in the field of cryptocurrency and blockchain technology.

For more information about The Alliance event, please visit the official website at events.crypto.ro.

About crypto.ro

Crypto.ro is a leading crypto media platform that provides up-to-date and accurate information on the latest developments in the world of cryptocurrencies. With an experienced team, the platform offers comprehensive coverage of the crypto industry, including market trends, regulatory updates, and a free cryptocurrency course.

The platform also offers a variety of educational oriented articles meant to help investors identify the best crypto to invest in.

Additionally, investors can benefit from crypto.ro’s reviews, which helps them to make decisions on which are the best crypto exchanges that suit them. The platform’s research covers a range of exchanges, providing investors with detailed insights into what is the best platform they can trust their money with.

With a free cryptocurrency course, detailed market analysis, and comprehensive insights on the best crypto apps and exchanges, crypto.ro is your one-stop-shop for all things crypto.

Follow crypto.ro today to stay connected with the world of cryptocurrencies.

Follow on Twitter
https://twitter.com/cryptoro_global

Join the Telegram Community
https://t.me/s/cryptoro_global

Follow on Instagram
https://www.instagram.com/crypto.ro.global

Contact Information:

Alex Numeris
CEO
alex@crypto.ro

Maya Parker
Public Relations Officer
info@crypto.ro

SOURCE: Crypto.ro

Curia Appoints Philip Macnabb as Chief Executive Officer

Philip Macnabb

Philip Macnabb appointed CEO of Curia

ALBANY, N.Y., March 16, 2023 (GLOBE NEWSWIRE) — Curia, a leading contract research, development and manufacturing organization, today announced that Philip Macnabb has been appointed as chief executive officer, succeeding John Ratliff.

“On behalf of the Board of Directors, we thank John Ratliff for the tremendous progress that Curia made during his tenure,” said Curia board members Sean Cunningham, managing director, GTCR and William McMullan, managing director, Carlyle. “We are delighted to welcome Phil, a seasoned executive who has an impressive track record of focusing companies on their core value proposition, enhancing the customer experience and building organizations with real and sustaining value. Curia is well positioned in the growing CDMO market, and we are excited about its outlook under Phil’s leadership.”

Mr. Macnabb commented: “Curia is a unique company with deep scientific expertise across its end-to-end offering. We have incredible people in the global Curia community, who are highly motivated by our noble purpose of improving patients lives. Going forward, we will focus on creating sustainable value for customers and employees.”

Macnabb joins Curia having spent years in leadership roles at various companies in the healthcare industry. Prior to that, Macnabb held senior positions in technology, distribution, and consumer products segments. He received an MBA from the University of Chicago and a BS in Business Administration from Purdue University.

About Curia

Curia is a leading contract research, development, and manufacturing organization providing products and services from R&D through commercial manufacturing to pharmaceutical and biopharmaceutical customers. Curia’s nearly 4,000 employees at 29 locations across the U.S., Europe, and Asia help its customers advance from curiosity to cure. Learn more at CuriaGlobal.com.

Corporate Contact:
Sue Zaranek
Curia
+1 518 512 2111
corporatecommunications@CuriaGlobal.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1ee2752-5afe-44c8-ab11-33a29f2137f0

GlobeNewswire Distribution ID 8790280

UAE President sends official letter to Georgian PM

TBILISI, 17th March, 2023 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent an official letter to the Prime Minister of Georgia, Irakli Garibashvili. The letter conveyed his regards and highlighted the friendly ties and cooperation enjoyed by the two countries, while seeking ways to further develop them. During his official visit to Tbilisi, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, handed over the letter to Minister of Foreign Affairs of Georgia, Ilia Darchiashvili. Dr. Al Zeoudi is leading a UAE delegation comprising a number of top government and local officials and representatives of the private sector, as well as those of the business community in the country to Georgia. During the meeting, Dr. Al Zeyoudi and Darchiashvili discussed bilateral relations between the UAE and Georgia and ways to promote cooperation in all fields between the two countries. The two ministers also exchanged views regarding issues of mutual concern. It is noteworthy that UAE-Georgia ties are witnessing increasing momentum, especially with the two countries announcing their successful completion of the comprehensive economic partnership agreement talks between them, which would launch a new era of trade and investment partnership and provide several promising opportunities for the business communities in the two countries in many sectors. Hazem Hussein/ Tariq Al Fahaam

Source: Emirates News Agency

Romania’s President arrives in UAE

ABU DHABI,17th March, 2023 (WAM) — President of Romania, Klaus Iohannis, today arrived in the UAE in an official visit. He was accompanied by his wife the first lady, Carmen Iohannis. Upon his arrival at the Presidential Flight in Abu Dhabi, Iohannis was received by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment and a number of officials. Hazem Hussein/ Tariq Al Fahaam

Source: Emirates News Agency

Banks provide AED83.3 bn in financial facilities to SMEs by end of 2022: CBUAE

ABU DHABI, 17th March, 2023 (WAM) Accumulated balance of financial facilities and loans extended by banks operating in the UAE to Small and medium-sized enterprises (SMEs) reached AED 83.3 billion by the end of 2022, according to the latest data released by the Central Bank of the UAE (CBUAE). Loans to SMEs accounted for 10.4 percent of the total accumulated balance of financial facilities for the trade and industrial sector which stood at AED 799.1 billion by the end of December 2022. ccording to Ministry of Economy, the SMEs sector represents more than 95 percent of the total number of companies operating in the country and provide jobs for more than 85 percent of the private sector’s workforce. Tariq Al Fahaam/ Hazem Hussein

Source: Emirates News Agency