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.

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Media contact: Announces ‘The Alliance’, the Most Anticipated Crypto Conference in 2023 is hosting their first crypto conference since going globally

TIMIŞOARA, ROMANIA / ACCESSWIRE / March 16, 2023 /, 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 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

About 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’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, is your one-stop-shop for all things crypto.

Follow today to stay connected with the world of cryptocurrencies.

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Contact Information:

Alex Numeris

Maya Parker
Public Relations Officer


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

Corporate Contact:
Sue Zaranek
+1 518 512 2111

A photo accompanying this announcement is available at

GlobeNewswire Distribution ID 8790280

In the centenary of the Iraqi museum.. Al-Sudani: The development of museums is the title of our effort

Prime Minister Muhammad Shia’a Al-Sudani affirmed that the development of museums is the title of our effort.

He said in a tweet on the centenary of the Iraqi Museum: We adhere to our cultural wealth and archaeological identity inherited from our ancestors through thousands of years of Mesopotamian civilization. Antiquities, caring for them and restoring what was lost from them is a task for us that we will never be late for.

He stressed: The development of museums is the title of our effort for the sake of the brilliance of Iraq’s civilization in the eyes of all generations.

Source: National Iraqi News Agency

A gang stealing the contents of graves arrested in Karbala

The Karbala Crime Prevention Detachments arrested a gang that was stealing the contents of the Wadi Al-Salam cemetery.

A police statement stated that after appeals were received by citizens that the contents of their graves had been stolen, the police chief of the Holy Karbala Governorate, Major General Ahmed Ali Zwaini, directed the formation of a work team headed by the Director of the Crime Control Department and a group of officers and associates to arrest the thieves and bring them to justice, and after collecting information, investigating and setting up an ambush, two people were arrested red-handed while attempting to rob a tomb in Wadi Al-Salam cemetery, and after writing down their statements, they explicitly admitted that they had stolen alabaster, audio speakers, water tanks, doors and windows.

Source: National Iraqi News Agency

A terrorist cell arrested in Diyala

A security team dismantled a terrorist sleeper cell involved in supporting the terrorist organization ISIS with information in Diyala Governorate.

A security source told the correspondent of the National Iraqi News Agency (NINA) that a joint security team managed to dismantle a sleeper cell and arrest 3 of its members, northeast of Baquba.

He added that the operation was carried out based on intelligence information. Pointing out that the cell is involved in providing information support to the terrorist ISIS in some areas of Diyala.

Source: National Iraqi News Agency

A woman from Wasit, has been detained in Saudi Arabia for more than a month, released

Member of Parliament for Wasit Governorate, Ahmed Salal Al-Badri, announced the success of efforts to release a woman from Wasit after she was detained in Saudi Arabia for a period of (35) days while she was performing Umrah ceremonies.

He told the National Iraqi News Agency (NINA) that two days ago, we received an appeal from the woman’s family that one of its women detained in Saudi lands for 35 days, as a result of her entering into a dispute with Saudi security personnel. Indicating that the Saudi diplomacy has been contacted in order to release her, and this has already happened with the approval of the Saudi authorities to release her today, and she will arrive in Iraq within two days.

He added that our fellow MPs from the western region help to make contacts with the Saudi side, and they made great efforts in this matter.

Source: National Iraqi News Agency

MP warns of adopting the current price of a barrel of oil in the budget law

Member of Parliament, Ali Faisal Al-Fayyad, warned against adopting the price of a barrel of crude oil in the budget law at 70 dollars per barrel.

Al-Fayyad pointed out in a statement: The danger of keeping the price of a barrel of crude oil at $70 in the budget, as it represents a great danger to the operating budget, which is the largest in the current draft law.

He said: The global oil prices are subject to a continuous decline or collapse, depending on international factors, as happened in the past years.

Al-Fayyad stressed: the necessity of taking a firm and clear stance towards the fluctuations of the oil market and setting a vision commensurate with the country’s needs from the general budget in a way that serves the public interest.

Source: National Iraqi News Agency