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30 Million Bybit Users: Cryptocurrency Exchange Platform Achieves Staggering Growth

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DUBAI, UAE, June 19, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by trading volume,  today celebrates a monumental milestone: surpassing 30 million registered users globally. This remarkable achievement comes alongside a period of exceptional growth, solidifying Bybit as a frontrunner in the blockchain industry.

Market Share Soars, User Trust Flourishes

Bybit’s market share in spot trading has skyrocketed from 2% in 2023 to a staggering 9.3% in 2024, a nearly 400% surge according to the latest Kaiko Research quarterly report. This significant leap from the previous year’s 7.3% firmly establishes Bybit as a leader in cryptocurrency exchange.

Bybit attributes this growth to its unwavering commitment to user security and trust. The company prioritizes asset safety through the regular publication of proof-of-reserve audits, ensuring transparency and accountability with user funds. Additionally, Bybit boasts an impeccable security record, with no major breakdowns or hacking incidents since its inception in 2018.

This dedication to security and transparency is further validated by industry recognition. Bybit has received a perfect 10/10 Trust Score from CoinGecko and an ‘AA’ rating in the recent CCData Crypto Exchange Benchmark Report.

“Reaching 30 million registered users is a humbling achievement, and it wouldn’t be possible without the unwavering support of our vibrant global crypto community,” said Ben Zhou, Co-founder and CEO of Bybit. “We are incredibly grateful for their trust and remain committed to providing best-in-class, reliable services tailored to local needs. Bybit actively collaborates with regulators worldwide to ensure compliance and responsible innovation.”

Looking Forward: Bridging the Gap to Web3

Bybit has consistently been at the forefront of Web3 innovation, reshaping how users interact with the blockchain ecosystem through user-centric and engaging platforms. In 2024, we have expanded our suite of offerings with breakthrough solutions like the Airdrop Arcade, NFT Pro, and Inscription Marketplaces.

These platforms are meticulously designed not only to lower entry barriers and simplify the user experience but also to enrich it by curating opportunities to invest in and support a diverse range of promising, trending, and blue-chip tokens and projects. Our most recent Solana Fiesta and Bitcoin economy livestream introduced many Web3-curious individuals to the fast-growing ecosystems and their opportunities.

This curation consistently ensures that our users have access to the most rewarding and reliable opportunities in the Web3 space, making participation not only easier but also more enjoyable through gamification and advanced data intelligence. This commitment extends to the upcoming launch of Bybit Web3 DEX Pro, a cutting-edge decentralized exchange platform powered by revolutionary i-SMART data intelligence technology. This represents Bybit’s commitment to innovation that empowers, providing tools that not only meet but exceed the needs of modern traders and investors.

“Today’s milestone signifies more than just numbers; it’s a testament to our ongoing dedication to revolutionizing the crypto landscape,” emphasized Zhou. “Bybit remains committed to shaping the future of crypto. We will continue to uphold the values of listening, caring, and improving, to serve our 30 million users with the most professional products. Protecting the interests of our clients will be ingrained in all product designs. We envision a world where Web3 empowers every individual, where financial inclusivity is not just a goal but a reality.”

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with over 30 million users. Established in 2018, Bybit offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 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.

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China Matters’ Feature: Bridging Cultures at China-CEEC Expo: Central and Eastern European Voices in Ningbo

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NINGBO, China, May 23, 2025 /PRNewswire/ — As the 2025 China-Central and Eastern European Countries Expo opened in Ningbo on May 22, cultural and business exchanges between China and the CEE region were spotlighted. Among the many contributing to this growing partnership are Vladimir Tzanev and Fang Yu, in different professions but with a shared connection to Ningbo.

 

The Bulgarian pianist Vladimir Tzanev has spent the past two decades working across China. But Ningbo, in eastern China’s Zhejiang Province, is where he and his family want to call home. “My children were born here—they’re Ningbo natives now,” he says in a smile. Alongside his wife, a fellow musician from Latin America, Vladimir established a music society in the city that welcomes students from all walks of life. “Music is a language that opens any door,” he says. “And here in Ningbo, we found an audience eager to listen.”

Fang Yu, meanwhile, has a different story related to the city. After years of working in Slovakia, she returned to China in 2015 and dove into trades with CEE countries. Based in Ningbo, she helps connect Chinese companies with partners from CEE countries, especially through platforms like the China-CEEC Expo. “Trades are built on human connection,” she explains. “And Ningbo is a perfect bridge.”

This year, Slovakia is one of the guest-of-honor countries of the Expo, which holds special meaning for Fang. It was during a government delegation visit from Ningbo to Slovakia that she established a connection with the city. Since then, she’s seen firsthand how face-to-face conversations and shared experiences create trust and opportunities. “When we started, few people knew about these countries or their products,” she recalled. “Now, thanks to events like the China-CEEC Expo, more products from the region are stepping into the spotlight.”

From classical music to Slovakian wine, Vladimir and Fang are helping build more than just business ties—they’re weaving personal stories into the fabric of China-CEEC cooperation. And Ningbo, with its open arms and mind, is right at the center of it all.

YouTube Link: https://www.youtube.com/watch?v=VQo35CxFus4

 

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SOURCE China Matters

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eFuse Market worth $737.4 million by 2030 | MarketsandMarkets™

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DELRAY BEACH, Fla., May 23, 2025 /PRNewswire/ — The global eFuse Market is anticipated to grow from estimated USD 557.0 million in 2024 to USD 737.4 million by 2030, at a CAGR of 4.9% during the forecast period. Growth in the eFuse Market is being accelerated by more challenging electronic systems and higher demands for reliable protection in automotive, data center, and consumer devices. Because advanced eFuse technologies are small, accurate in current limitation, and can diagnose themselves, more are being used. It ensures that high-power systems are safe, work efficiently, and maintain proper temperatures. By using WBG semiconductors, companies are able to develop faster and more energy-efficient supply chain solutions. Using technologies makes it easier to prevent the damage caused by circuits. Improved eFuse solutions can be added to the battery management system of electric vehicles (EVs), so overcurrent and overheating are detected and dealt with quickly. Circuit protection has improved in various sectors after the introduction of eFuses. eFuses supports real-time detection of faults and effective handling of electricity because of improved technology. As a result, the system can handle overcurrent, overvoltage, and temperature issues smoothly. This means that eFuses in automotive use can deliver exact current restriction and fast fault finding, which is suitable for electric vehicles. This helps manufacturers ensure safety, reduce moments when things break down, and reduce power consumption in important and reliable systems.

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Thin shrink small outline package, by application

Many electronics use eFuses in TSSOP packages because they are compact. It is an excellent solution for applications in automobiles, telecoms, and personal electronics, given that cooling and dependability are very important. If any issue related to fast faults is found, the system imposes a high current control and it can stop to avoid overheating. Thanks to TSSOP eFuses, the system remains safe even when it is exposed to high currents and voltages. What is more, their function supports quick fault detection, so the system responds immediately if a fault occurs within the circuit, which keeps it working well at all times. TSSOP allows manufacturers to efficiently manage power flow, and therefore, eFuses are chosen for modern, advanced electronic devices due to their ability to solve thermal issues.

Auto retry, by type

Auto Retry, by type, is anticipated to maintain strong growth momentum during the forecast period in the eFuse Market. eFuses are categorized into two types: auto retry and latched. The increasing adoption of auto retry eFuses stems from their ability to automatically reset after a fault is detected, ensuring continuous operation in critical systems. It results in less downtime and better reliability, which is why auto retry eFuses are preferred for use in automotive electronics, industrial systems, and data centers. Due to a focus on keeping systems running and tolerating faults, auto retry eFuse sales are predicted to increase a lot. Many industries are starting to use auto retry eFuse technologies to guarantee effective results and cut down on the work needed for upkeep in crucial electronics.

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Asia Pacific segment is expected to be the fastest-growing region during the forecast period.

During the forecast period, Asia Pacific is expected to be the fastest-growing region in the eFuse Market. There is strong demand for eFuses in Asia, fueled by government action and investments to update power grids to cope with huge electricity use. China, Japan, and India have begun many grid expansion efforts, helping to increase reliability and leading to more eFuses being adopted in the region.

Key Players

Some of the major players in the eFuse Market are Littelfuse, Inc. (US), TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan), Semiconductor Components Industries, LLC (US), and Texas Instruments Incorporated. (US), and Alpha and Omega Semiconductor. (US). The major strategies adopted by these players include acquisitions, product launches, agreements, partnerships, and expansions.

Littelfuse, Inc. (USA)

Littelfuse, Inc. (USA) leads in the eFuse Market by providing advanced circuit protection. Littelfuse’s presence in over 20 countries helps the company deal with the challenges in the semiconductor industry. The company’s main aim is to develop eFuse technology to produce smaller and more efficient solutions for automotive, industrial, and consumer areas. The company spends a lot on research and development to create eFuse chips, including simple Protection ICs designed for 5V through 28V, which safeguard the systems. More than half of the company’s earnings come from the electronics segment, which helps various companies with tools, servers, and telecom infrastructure. Littelfuse secures its number one ranking in the market by acquiring other companies, forming partnerships, and introducing new products, offering reliable circuit protection for electric vehicles and data centers.

Semiconductor Components Industries LLC (USA)

Semiconductor Components Industries LLC (USA) is becoming a prominent name in eFuse by delivering dependable circuit protection. Based in regions across North America, Europe, and Asia, Onsemi works to mitigate the risks in the variable semiconductor industry. The company focuses on inventing new eFuse products that are built to handle tasks in healthcare, IT, and consumer electronics, particularly in servers, hard drives, and industrial-grade relays. The company strives to enhance its eFuse technology through extensive research, enabling features that respond to today’s demands. The Power Solutions Group is a major contribution to Advanced Micro Devices’ overall income, and it provides eFuse solutions for both cars and industrial purposes. To improve its marketplace, Onsemi increases production thanks to government incentives, forms partnerships to meet global chip shortages, and grows by finding new and reliable electronic solutions in this period of change.

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Related Reports:

Automotive Fuse Market

Circuit Protection Market

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PLAYSAFE ID RAISES $1.12M TO MAKE ONLINE GAMING SAFER

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 – Pre-seed round backed by Early Game Ventures, Hartmann Capital, and Overwolf –

LONDON, May 23, 2025 /PRNewswire/ — PlaySafe ID, the platform for gamers that keeps cheaters, hackers, bots, and predators out of games, has raised $1.12M (€1 million) in pre-seed funding to bring trust, fairness, and accountability to gaming communities, without compromising player privacy or freedom.

The round was led by Early Game Ventures, with participation from Hartmann Capital and Overwolf. The raised capital will fuel rapid expansion and strategic platform integrations, as the company gears up for a major go-to-market push and targets 250,000+ users in the coming months.

“This round gives us the firepower to move fast, expand our world-class team, and partner with games that want the most fair and safe environment for players to enjoy,” said Andrew Wailes, CEO of PlaySafe ID. “This is now more important than ever before. With cheating in games as a mass-epidemic that ruins fun for players daily, and the Online Safety Act ushering in long overdue requirements for child protection in gaming, PlaySafe ID’s mission to safeguard gamers isn’t just relevant – it’s now essential for compliance and the future of global gaming.”

Built with a privacy-first mindset, PlaySafe ID issues a verified, anonymised, and game-agnostic digital ID that proves a user is real and hasn’t been caught cheating or being inappropriate to children in games. These are core problems that continue to erode online experiences across games. By offering a single, secure identity layer, the platform empowers both developers and communities to enforce fair play across titles, without sacrificing player anonymity, or the open and creative nature of games.

Early Game Ventures, which led the round, is known for backing early-stage frontier tech. “We believe PlaySafeID is building the trust layer for gaming—and beyond. In a world where AI and anonymity are eroding safety and fairness, PlaySafeID restores balance with identity, transparency, and accountability,” said Cristian Munteanu, Managing Partner at Early Game Ventures. “PlaySafeID builds a network-effects flywheel. Once a gamer is verified through PlaySafeID, that identity becomes portable across games, platforms, and genres. The more developers adopt it, the more valuable it becomes to players—and vice versa. Eventually, the verified identity becomes a default layer of the gaming stack, just like your Steam account or your Xbox Live profile. It’s a winner-takes-all kind of play.”

Hartmann Capital, an investment firm focused on emerging digital ecosystems, also participated in Playsafe ID’s pre-seed round. “Gaming has quickly become the new social center of our world, with over 3 billion active gamers globally. Despite its immense social and economic value, the gaming ecosystem remains largely ungoverned. Accountability is fragmented across platforms, allowing bad actors to evade consequences by simply creating new accounts or migrating between games.” said Felix Hartmann, Managing Partner at Hartmann Capital. “Playsafe introduces a judicial system for the digital world—ensuring accountability, safety, and fairness in online spaces that have grown increasingly toxic and uninhabitable. As a universal authority beyond any single game or even nation, Playsafe establishes a digital rule of law across multiplayer platforms worldwide.”

PlaySafe ID is currently in integration talks with several major gaming platforms, with first partnerships set to launch later this year. 

For further information:
Raptor PR for PlaySafe ID
Emma Weeks
+44(0) 7985 320 179
emma@raptorpr.com

About PlaySafe ID

PlaySafe ID stops cheating, botting, and child abuse in games. The company enables players to enjoy gaming at its fairest by issuing anonymised ‘PlaySafe IDs’ to users who verify themselves. With a single ID issued to each user, penalties can now be issued to users who are caught cheating or being inappropriate to children across all PlaySafe Protected games. The company was founded in response to the cheating and bots prolific in online games, and the growing need to keep children safe from predators and bad-actors.

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SOURCE PlaySafe ID; Hartmann Capital

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