Bybit posted a gradual recovery in 2025 after losing $1.5 billion in a February hack, with its market share climbing to 8.1% and total trading volume reaching $1.5 trillion, according to a CoinGecko report. The exchange ranked second globally by trading volume for the year, marking a notable rebound after the largest hack in crypto history.
The recovery followed an aggressive response strategy that included keeping withdrawals open, honoring all user transactions, and securing external liquidity. CoinGecko noted that most hacked platforms fail to regain user trust, making Bybit’s performance an outlier in a sector where operational resilience remains uneven.
The broader exchange market also expanded in 2025, with the top 10 platforms recording average volume growth of 7.6%. While Binance retained its leading position, several rivals gained ground, underscoring shifting competitive dynamics as trading activity recovered despite periodic market stress.
