Bybit fully discloses liquidation data, setting a new industry standard

By: blockbeats|2025/02/21 10:45:02
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Source: Bybit


Bybit, the world's second-largest cryptocurrency exchange, announced today a groundbreaking initiative to provide comprehensive transparency by fully disclosing all liquidation data on the platform through an upgraded API. Thanks to this bold move, Bybit will be able to significantly enhance market transparency, allowing institutional investors, analysts, and traders to have real-time and in-depth insights into market dynamics, gaining a competitive edge in the rapidly evolving cryptocurrency space.

To align with the current demand for high transparency in the cryptocurrency community, Bybit has enhanced its API functionality through the latest WebSocket topic, "All Liquidations." Unlike the previous restriction of one message per trade per second, the newly upgraded data stream now provides real-time liquidation data every 500 milliseconds, ensuring that every liquidation event is promptly recorded and disclosed to the public. This enhancement helps increase market openness in the digital asset space and reinforces trading reliability to a new standard.

Ben Zhou, Co-Founder and CEO of Bybit, stated, "The true essence of cryptocurrency lies in transparency. By publicly disclosing all liquidation data, we are actively responding to the cryptocurrency community's demand for high market transparency, ensuring that traders and analysts have access to comprehensive and real-time market data to make informed decisions."

Disclosure of Market Conditions

Ben recently emphasized the importance of providing accurate liquidation data to the market and highlighted that past industry data limitations prevented a full reflection of the true scale of market activity. Currently, Bybit's API update is addressing this issue and ensuring that all liquidation events are promptly and comprehensively disclosed in real time, providing traders with a more complete and transparent market overview.

The following measures will bring significant benefits to the cryptocurrency investment community:

· Market Transparency: A comprehensive understanding of liquidation events allows users to further grasp the true market depth, conduct more precise analysis of market trends and other investors' behavior, significantly enhancing confidence.

· Risk Management: Real-time data helps investors accurately identify asset support and resistance levels, thereby more accurately predicting volatility spikes and enhancing their risk management framework.

· Strategic Advantage: With detailed and unfiltered market data, investors will be able to plan future trading strategies, backtest, and forecast models one step ahead, making it particularly crucial for institutions to maximize returns in the cryptocurrency market.

This move by Bybit will reshape the industry landscape, and the platform's transparency initiative has already made waves in the industry. Currently, the industry-leading cryptocurrency analytics platform CoinGlass has integrated the latest liquidation data provided by Bybit into its interface, allowing a wide range of users to accurately analyze various market events in a visual format.

Further Injection of Confidence for Institutional Investors

Institutional investors are accelerating their adoption of cryptocurrency. Bybit's commitment to full transparency signifies that the market is maturing and is ready for institutional-grade capital. Bybit is dedicated to providing a reliable data foundation, greatly increasing the confidence of hedge funds, asset management firms, and trading companies seeking partners.

About Bybit

As the world's second-largest cryptocurrency exchange by trading volume, Bybit serves over 60 million users worldwide. Since its establishment in 2018, Bybit has been committed to building a simpler, more open, and fairer ecosystem, redefining openness in the decentralized world. We delve deep into the Web3 space, establish strategic alliances with top blockchain protocols, provide robust infrastructure, and drive on-chain innovation. With secure asset custody, diverse trading markets, intuitive user experience, and cutting-edge blockchain tools, Bybit has successfully bridged the traditional finance and decentralized finance worlds, empowering developers, creators, and enthusiasts to fully tap into the unlimited potential of Web3.

This article is contributed content and does not represent the views of BlockBeats.

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