4 Reasons Why Institutions Choose Bybit Institutional Services

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Bybit Institutional Services
Jan 30, 2024
11 min read

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The terminologies of Bitcoin, NFTs and web3 have been circulating for quite some time now. Many individuals already dabble in these realms, along with the presence of institutions in the cryptocurrency space. In fact, several facts indicate that institutional involvement has played a significant role in the substantial bull run experienced in late 2021. Notably, numerous public companies such as MicroStrategy and Tesla have openly engaged in Bitcoin acquisitions as an investment strategy.

For instance, in early 2021, Tesla announced its impressive $1.5 billion investment in Bitcoin, drawing considerable attention to the cryptocurrency world. This, in turn, enhanced Bitcoin's credibility as a reliable store of value and sparked increased interest from mainstream institutions — a positive indicator for long-term growth prospects.

Moreover, amidst the banking crisis within the crypto industry itself, BlackRock — the largest asset manager globally — has applied for a Spot Bitcoin ETF (Exchange-Traded Fund). Additionally, Fidelity's recent expansion into Bitcoin and Ether trading has fueled enthusiasm among investors, leading to an upsurge within the crypto market.

This article will discuss the crucial roles of institutions in maintaining sanity within the crypto environment and fostering its long-term growth. Additionally, we’ll look at some of the reasons that Bybit Institutional Services may become instrumental in preserving the longevity of crypto.

Key Takeaways:

  • Bybit Institutional Services strives to provide the best next-level system reliability, best-in-class asset security, personalized concierge support and flexible fee tiers tailored to every client's needs.

  • Institutional users are supported by an independent team that provides 24/7 real-time security alerts and fail-proof security strategies, in order to ensure a safe and reliable trading experience.

  • Bybit features robust liquidity, 99.99% system uptime with a high-frequency trading engine, and industry-leading minimal latency for enhanced trading performance.

What Is Bybit Institutional Services?

Bybit Institutional Services is a globally trusted service that’s built upon a high-level security framework, with the precision to ensure all partners’ operations are secure and seamless. They provide trusted institutional cryptocurrency trading, paired with excellent liquidity, the platform’s cutting-edge technology and personalized trading services allow all partners — asset managers, market makers, hedge funds, liquidity providers, proprietary trading firms, venture capitalists and family offices — to capitalize on opportunities promptly and effectively. The promised low latency further ensures that institutions stay ahead of the game, operating in real-time in an industry where every second counts.

At Bybit, unrivaled pre- and post-customer support are top priorities in serving a vast clientele profile. Bybit's customer-first approach helps you navigate our comprehensive suite of trading and asset management solutions — tailored to every institution's needs — efficiently and safely.

Professionals and institutions can enjoy unrivaled execution services, such as over-the-counter (OTC) solutions for flexible financing at competitive rates and preferred terms; liquidity programs, to enjoy rebates from trading on Bybit's Spot and Derivatives markets; customized data and reporting; access to all-encompassing trading solutions; and seamless API integration across all of Bybit’s major trading products. In addition, Bybit’s VIP Program further enhances your trading experiences on the platform, which offers the best liquidity at the most competitive trading fees.

Criteria for Choosing a Crypto Institutional Service

When selecting a crypto service for institutional clients, it’s crucial to consider the following criteria.

Security

Our utmost priority lies in ensuring our clients’ security, particularly when dealing with substantial monetary amounts. It’s imperative that funds remain safeguarded against potential threats or breaches. Therefore, collaborating with a crypto exchange that implements robust security measures like multi-factor authentication becomes essential. Bybit employs exemplary comprehensive trading regulations alongside fail-proof security strategies and stringent fund storage policies. These procedures ensure clear segregation between Bybit's own funds and those of its clients, guaranteeing a secure and dependable trading experience for all parties involved.

Liquidity

When evaluating a crypto exchange for institutional services, liquidity is a crucial factor to consider. Institutional clients require access to extensive and reliable liquidity pools to execute their trades efficiently. To meet these needs, a crypto exchange must establish strong partnerships with liquidity providers and offer competitive spreads and order execution. This ensures that institutional clients can enter and exit positions without experiencing significant slippage, enabling them to implement their investment strategies effectively. For example, Bybit'shigh-frequency trading engine consistently pushes data every 20 milliseconds, resulting in an impressive 99.99% system uptime — even during periods of market congestion.

Regulatory Compliance

Ensuring regulatory compliance is a crucial aspect for institutional clients. When operating within a highly regulated environment, institutions seek a crypto exchange that strictly adheres to regulations. Bybit stands out as one of the leading cryptocurrency exchanges, having obtained in-principle approval licenses from the United Arab Emirates while fully complying with anti-money laundering (AML) and know-your-customer (KYC) requirements. This uncompromising commitment instills confidence in institutional clients, assuring them of Bybit’s legitimacy and providing them trustworthiness in their transactions.

Bybit goes above and beyond by prioritizing transparency, disclosing reserve ratios and engaging third-party auditors to verify asset balances using Merkle tree technology. In addition, we provide comprehensive information about user ownership and wallet address balance. Bybit's dedication to regulatory compliance and its unwavering commitment to transparency allows institutional clients to confidently engage in secure trading activities on our esteemed platform.

Financial Product Offerings

The selection of available financial products and services holds immense importance when determining an institutional service. Whether it be Spot trading, Futures Contracts or Options trading, offering a diverse range of products empowers institutional clients to customize their investment strategies according to their specific requirements. In addition, providing access to advanced trading tools and analytics can prove to be highly advantageous for institutions seeking valuable insights and informed decision-making.

Customer Support and Reliability

Moreover, the significance of customer support and reliability cannot be overstated. Institutional clients necessitate prompt and efficient assistance when encountering any issues or technical difficulties. It’s crucial to select an exchange that offers 24/7 customer support while maintaining a reliable track record in terms of uptime and system stability. This ensures uninterrupted trading for institutional clients while instilling confidence in the knowledge that they can rely on the exchange's support team whenever necessary.

By carefully evaluating these criteria, institutions should partner with a crypto exchange that meets their specific needs and provides them with the necessary tools and services to successfully navigate the crypto industry.

Top Services Bybit Institutions Offer

Bybit stands proud as the top crypto exchange in trading volume, a testament to our reliability, scale and trust placed in us by a diverse global clientele. Our unwavering services stem directly from our motto: Listen, Care and Improve.

Following are a few examples of why institutions trust Bybit.

1. Unmatched Client Services

Our utmost commitment lies in providing unparalleled customer assistance, offering personalized one-on-one concierge support in a wide range of global languages, including English, Russian, Mandarin, Turkish, Arabic and more. Our world-class White Glove Service prioritizes genuine human interaction over artificial intelligence or chatbots, ensuring a welcoming and transparent experience while effectively resolving any issues you may encounter. Our dedicated team is available around the clock to assist you 24/7.

2. Competitive Trading Fee Structure

At Bybit, we’ve recently revamped our fee structures to offer five distinct tiers that cater to the unique needs of every institution. Whether you’re an advanced trader seeking maximum returns, a passive income earner or a long-term investor looking for stability and security, we meticulously design a customized program tailored specifically to your requirements.

Following are just a few examples.

VIP Trading Fees

Bybit’s newly revamped trading fees offer VIP- and Pro-level traders more competitive trading fees based on their accumulated 30-day Spot or Futures trading volume.

3. Industry-Leading Capital Safety and Efficient Trading Environment

Among worldwide crypto exchanges, Bybit stands out as one of the few platforms offering an impressive 99.99% system uptime. With our revamped low latency, we now boast the fastest request time in the market, empowering institutions to optimize their trading strategies for unparalleled performance.

Institutional clients overwhelmingly choose Bybit for our robust liquidity, which facilitates seamless high-stakes trading and flawlessly accommodates all transaction demands. Moreover, clients have the flexibility to select from a carefully curated list of esteemed custodial partners, such as Copper and Fireblocks, for additional security of their funds if they prefer not to directly deposit into Bybit.

Transparency is a key value at Bybit, exemplified by our unwavering commitment toproof of reserves via third-party audits. This scrutiny provides an irrefutable demonstration of our asset balances by usingMerkle tree technology, showcasing wallet address balance and ownership as well as reserve ratio information. Furthermore, we enforce strict withdrawal policies, ensuring that all funds at Bybit are meticulously segregated and protected via robust measures, such as 2FA Google Authenticator, YubiKey authentication and Fund passcodes for enhanced verification.

At Bybit, we revolutionize crypto trading by combining industry-leading safety measures with an empowering platform designed specifically for institutional traders seeking unparalleled speed and efficiency in their transactions.

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4. Extensive Breadth of Trading Services

Bybit offers a wide range of trading products for institutions, including over 260 Spot trading pairs, 160 Derivatives Contracts and three Options contracts. The introduction ofBybit UTA further enhances efficiency by enabling traders to access multiple product lines through a single account, maximizing capital utilization with automatic borrowing.

Institutions also benefit from Bybit’s Portfolio Margin mode, which provides class-leading liquidity with minimal slippage. Portfolio Margin supports offsetting of profits and losses across Derivatives and Spot trading, while allowing traders to optimize capital utilization within the collateral margin.

Bybit Institutions Service is dedicated to reaching new heights. We provide customized solutions tailored specifically for our institutional clients. Our commitment is to deliver exceptional service that meets your unique requirements and helps you achieve your goals in the most effective way possible.

  • Institutional Lending: Customized funding options to help you take advantage of market opportunities.

  • Higher API Rate Limits: Customized options for varying trading frequency requirements.

  • Custodial Trading Subaccount Capability: Flexible management options, shared rights and benefits.

  • Market Maker Program: Enjoy attractive maker fee rebates when trading in our Spot and Futures markets, featuring the world's best liquidity.

  • Broker Program: Earn more with our competitive commission rates of up to 45%.

Seamless API Integration

We offer a comprehensive suite of unified APIs for smooth and easy integration. Institutions can glean insights from comprehensive historical market data via the Bybit V5 suite of APIs in a CSV format to speedily backtest and build strategies.

Here are some of the perks:

Ease of Upgrade

API V5 is built upon V3, so minimal changes are required to upgrade. If you’re already connected via Contract V3 or Unified V3, simply change the URL to the corresponding one for V5 and adjust some interface fields. Please refer to theinterface mapping list below for more details about specific interfaces.

Enhance Capital Efficiency

V5 gives you the ability to upgrade to a unified account, allowing for sharing and cross-utilization of funds across Spot, USDT Perpetual, USDC Perpetual and Options contracts. You can also offset profit and losses across different positions, thus further enhancing capital efficiency.

Unified Account Borrowing

API V5 supports borrowing across a unified account mode. Users can pledge multiple assets as collateral to obtain margins for trading across different products.

For example:

A trader opens a USDT-settled BTCUSDT contract position while holding only BTC assets. If a floating loss is incurred, a debt will be recorded and interest will be charged hourly.

Paradigm Block Trading

Unified accounts now support block trading via Paradigm so you can utilize funds across different products.

Portfolio Margin Mode

Unified Accounts now support combined margin between USDT Perpetual, USDC Perpetual, USDC Futures and Options contracts.

How to Get Connected With Bybit Institutions

Bybit Institutional Services provides consistently deep liquidity and time-tested reliability. To get started, follow the simple steps below.

New Client

Step 1:Sign Up for a Bybit Account

Step 2: Fill in the Institutional Services Application form with all of the required institution, contact, business and service details

Step 3: Please wait for our sales team to contact you with a business proposal based on your inquiries, which should take no longer than three working days

Step 4: If you require further assistance or additional inquiry, drop us an email at institutional_services@bybit.com

Existing Client

Step 1: Fill in the Institutional Services Application form with all of the required details and your Bybit UID so the team can retrieve your information from the system

Step 2: Update your contact and business details with your latest platform trading volume

Step 3: Describe the services of your request

Step 4: Please wait for our sales team to contact you with a customized business proposal based on your inquiries, which should take no longer than three working days

The Bottom Line

Bybit Institutional Services tailors to every institution's needs. We stand proud as a crypto exchange with reliability and scale to our customers in the dynamic crypto landscape. We’re built to nurture and grow with you as a partner for long-term growth.

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