# Bybit

By [The best](https://paragraph.com/@the-best) · 2023-06-09

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Bybit is a cryptocurrency exchange\[1\] founded in 2018.\[2\] Bybit is headquartered in Dubai, United Arab Emirates.

The company was founded in March 2018, with Ben Zhou as one of the co-founders.\[3\] As of 2021, the Bybit exchange was blocked from operating in the United States,\[4\] and in 2021 Bybit received warnings from the regulators in Japan and Canada.\[5\]

In November 2019, the company organized a Bitcoin trading competition called "BTC Brawl".\[6\] In 2020 and 2021, Bybit ran a trading competition called "World Series of Trading".\[7\] In February 2021, the company sponsored Red Bull Racing.\[8\]

Bybit started spot trading on July 15, 2021.\[9\] In August 2021, Bybit announced sponsorship deals with esports organisations NAVI,\[10\] [Virtus.pro](http://Virtus.pro),\[11\] Astralis and Alliance.

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*Originally published on [The best](https://paragraph.com/@the-best/bybit)*