KEY TAKEAWAYS
- Bybit achieved the highest spot trading market share on December 22, 2025, with over $9.2 billion in 24-hour spot trading volume.
- The NIGHT/USDT trading pair was the most active, contributing significantly to Bybit’s trading volume dominance.
- Bybit’s comprehensive trading services and robust infrastructure have positioned it as a leading platform in the crypto trading landscape.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has achieved a significant milestone by capturing the highest spot trading market share on December 22, 2025. The exchange reported over $9.2 billion in 24-hour spot trading volume, surpassing its industry peers.
The surge in trading volume was largely driven by the NIGHT/USDT trading pair, which became the most active on the platform. Bybit commanded more than 77% of NIGHT’s network-wide trading activity, amounting to $7.6 billion out of the total $9.2 billion in market liquidity for NIGHT within 24 hours.
Data from CoinMarketCap and CoinGecko corroborates Bybit’s performance, highlighting its dominance in the NIGHT trading frenzy. The exchange’s 24-hour spot trading volume increased by 97.6%, with the NIGHT/USDT pair accounting for over 80% of Bybit’s spot trading volume during this period.
Bybit’s Infrastructure and Market Position
Bybit offers a comprehensive suite of trading services, including spot, derivatives, TradFi products, tokenized equities, payment and settlement, wealth management services, P2P, and on-chain yield products. This diverse offering has positioned Bybit as a central hub for traders seeking a consolidated platform for their trading needs.
Emily Bao, Head of Spot at Bybit, commented on the achievement, stating, “This achievement reflects both Bybit’s capacity to handle significant trading volumes and our commitment to help traders capture high-potential opportunities in the crypto space.” She emphasized Bybit’s role in providing liquidity and dependable infrastructure for emerging assets like NIGHT.
The exchange’s robust liquidity infrastructure and capacity to handle high-volume trading activity without disruptions underscore its competitive standing in the global cryptocurrency trading landscape. Bybit’s focus on scaling its infrastructure to meet growing demand while maintaining security and reliability remains a priority as market dynamics continue to evolve.
For more information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has achieved a significant milestone by capturing the highest spot trading market share, driven by the NIGHT/USDT trading pair.
A Fortune report highlights the rise of decentralized trading as a major trend, with platforms like Hyperliquid gaining traction. This aligns with Bybit’s surge in trading volume, showcasing the dynamic shifts in trading patterns within the cryptocurrency market.
A CoinDesk article notes that traditional financial institutions are entering the spot trading space, which could increase competition for exchanges like Bybit. This supports the significance of Bybit’s recent achievement, highlighting its competitive edge in a rapidly evolving market landscape.
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