BYBIT SETS NEW TRANSPARENCY STANDARD WITH FULL LIQUIDATION DATA DISCLOSURE

- Bybit, the world's second-largest cryptocurrency exchange by trading volume, brings forward an innovative transparency initiative as it makes all liquidation data freely available via an enhanced API.

- By offering a ‘real-time view of the crypto market’ to institutional investors, traders, and analysts, Bybit positions itself as a leader in crypto transparency.

Key Details:

- Thanks to “All Liquidations,” the new WebSocket topic on Bybit that updates data every 500 milliseconds, all liquidation events are captured instantly.

- The upgrade is more advanced than the previous system, which was limited, as highlighted by the exchange's CEO, Ben Zhao, in response to liquidation data on February 3. He also stressed that previously reported liquidation data from the industry do not fully capture market activity.

- "We have a limitation on how many feeds are pushed out per second. From my observation, other exchanges also practice the same to limit liquidation data. Moving forward, Bybit will start to PUSH all liquidation data. We believe in transparency," Ben's X post read on February 3.

- This update from Bybit ensures a more precise and detailed view of the actual market movement.

- The initiative is designed to help investors refine risk management strategies, analyze market trends more precisely, and enhance predictive modeling for more effective trading decisions

- Crypto analytics platform CoinGlass has already integrated Bybit’s liquidation data into its interface, allowing users to visualize market events more accurately.

- As institutional interest in crypto grows, Bybit’s transparency move is seen as a significant step toward a more mature and trustworthy market, appealing to hedge funds, asset managers, and trading firms seeking reliable data sources.

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