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.

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Contact Information:

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Maya Parker
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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

HM King receives Prince Al-Hassan bin Talal

His Majesty King Hamad bin Isa Al Khalifa received, in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, His Royal Highness Prince Al-Hassan bin Talal, the Chairman of the Arab Thought Forum in the Hashemite Kingdom of Jordan, on the occasion of his visit to the Kingdom of Bahrain.

HM the King welcomed HRH Prince Al-Hassan bin Talal, praising strong fraternal relations between both countries and growing cooperation in various fields. He lauded the interest of HRH Prince Al-Hassan bin Talal in the intellectual, cultural and literary issues and his keenness to develop the Arab intellect.

HRH Prince Al-Hassan bin Talal arrived earlier today in Bahrain. He was received by mainly Representative of His Majesty the King for Humanitarian Work and Youth Affairs, National Security Advisor His Highness Shaikh Nasser bin Hamad Al Khalifa.

He was also received by Shaikha Nayla bint Hamad bin Ibrahim Al Khalifa, Muharraq Governor, Jordanian Ambassador to the Kingdom of Bahrain and senior officials.


Bahrain Duty Free shareholders approve financials for 2022

In an ordinary general assembly, the overwhelming majority of 67.86 per cent of the total shareholding of Bahrain Duty Free Shop Complex (BDFS), approved the financial statement for the year ending on 31 December, 2022.

The BDFS has reported a net income of BD 3.7 million representing a growth of 72.5 percent over the previous year even though 2022 has been a challenging year for the global economy with persistent inflation pressures and consequent interest rates hikes by Central Banks around the world to combat inflation.

Based on the financial results, the board of directors have approved a full year cash dividend of 30 fils per share.

BDFS Chairman Farouk Yousif Almoayyed told shareholders that despite the challenging year, the Company has managed its investments well and with business confidence improving, the performance has been very impressive and the outlook remains positive.

The Chairman said that the strong performance was derived mainly from our joint venture company which realized good sales and profits in the quarter and year to date. He went on to say that the company is on course to exceed its 2021 net income results due to an improvement in market conditions and resilient performance of all the investment portfolio.

Abdulla Buhindi, Vice Chairman added that he was pleased with the good results recorded by the Company and that the investment portfolio had performed well compared to 2021 through solid performance of all sectors within the portfolio.

For the full year 2022, the Company reported total income of BD 4.5million representing an increase of 34.2% over last year. Net income of BHD 3.7m was achieved in 2022. This represents an increase of 72.5% compared to last year. Earnings per share are 26 fils compared to 15 fils in 2021.

Bahrain Duty Free’s balance sheet continues to be healthy and strong with a total investment portfolio of BD 44.8million and total assets standing at BD46.6 million. During the year shareholders’ equity reached BD46.3 million.


Speaker: Community Partnership main pillar of security, development

Speaker of the Council of Representatives Ahmed bin Salman Al Musallam stressed the importance of community partnership in supporting security and development. He described it as a national and civilizational responsibility that asserts the citizens’ loyalty and patriotism. He added it also constitutes an advanced and comprehensive security vision for the security sector personnel.

Marking the Community Partnership and Belonging to the Nation Day, which is observed by Bahrain on March 18, the Speaker of the Council of Representatives urged to preserve national achievements and build on them. He praised the comprehensive development march led by His Majesty King Hamad bin Isa Al Khalifa with the support and follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.

The Speaker of the Council of Representatives commended the efforts of Interior Minister, General Shaikh Rashid bin Abdullah Al Khalifa, the Chairman of the follow-up committee for the implementation of the National Plan to Promote the Spirit of Belonging to the Nation and Reinforce the Values of Nationalism (Bahrainouna), to promote the values of community partnership and belonging to the nation. He also praised the minister’s support to the implementation of the national plan initiatives which were put in place according to the comprehensive reform programme and the royal vision.

The Speaker hailed the role of the public and private sectors institutions, the civil society organisations and the media in supporting and developing community partnership, stressing keenness of the Council of Representatives on upgrading legislation to boost it.