Bybit’s return to heavy trading was one of the lesser-known comeback stories of the past year. Reports say the exchange has returned to the top of the leaderboard after a major security breach, and traders have been coming. That didn’t happen by accident. Quick decisions and social validation played a big role.
Bybit Bounces Back
According to CoinGecko, Bybit managed $1.5 trillion in trade by 2025 and ended the year with about 8% of the total market capitalization.
That’s a strong showing given what happened in February, when attackers made off with $1.5 billion worth of Ether after finding a hole in the exchange’s cold wallet setup.
The theft has been linked to North Korean actors by several sources, and stands as one of the biggest losses in crypto history.
Many firms that suffer breaches do not recover. Reports note that nearly eight out of 10 hacked projects never fully recover.
Bybit’s choice to keep withdrawals open and honor user balances has changed the equation. That move eased panic and kept money flowing.
Bybit handled $1.5 trillion in trades throughout 2025, according to CoinGecko.
Market Movement and Volume Gain
Trade figures increase in many areas by 2025. CoinGecko’s research reveals that six of the top 10 exchanges have increased their annual volume, and the additional trade volume was equal to $1.3 trillion.
MEXC has soared, reportedly up 90% over the previous year, a benefit largely attributed to low-cost trading that has attracted high-time traders and new traders.
Bullish action of Bitcoin prices and several altcoins also pushed the activity higher; Several coins have reached record highs during the year, which always sparks more trades and more headlines. In some arenas, promotion policies and costs have had a more immediate impact than brand reputation.
How Bybit Handled the Problem
The leadership of the exchange was evident. Ben Zhou, the CEO of Bybit, spoke to customers on camera and promised that the platform will cover the losses and secure more money quickly.
Some of those promises were made behind the scenes, when external support was arranged to raise funds.
Trust was not rebuilt overnight. It was rebuilt in small steps, transactions, and in public statements that assured users that their money is safe.
The combination of keeping resources running and having clear communication changed investor behavior.
Source: Coingecko
Binance And Rival Trends
Binance remained the largest by a wide margin, while CoinGecko estimated around $7.3 billion in annual volume. That big number hides a small decline from the year before – a 0.5% drop – which analysts linked to the massive closing event on October 10 that shook the markets.
However, Binance’s user base is said to be over 300 million, and its ecosystem handles a wide range of products without local trading.
Featured image from Pexels, chart from TradingView
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