Bybit made ‘slow but steady comeback’ in 2025 after massive hack: CoinGecko

Bybit, a prominent cryptocurrency exchange, has shown resilience and gradual recovery in 2025, despite having experienced a significant security breach that resulted in a loss of $1.5 billion. According to a recent report from CoinGecko, the exchange's market share has rebounded, indicating a positive trend in user confidence and trading activity.

The hacking incident, which occurred prior to 2025, raised serious concerns regarding the security measures in place within the cryptocurrency industry. However, Bybit's ability to regain market share suggests that the exchange has taken substantial steps to enhance its security protocols and restore trust among its users. This resurgence is noteworthy, especially in a market that is often volatile and sensitive to security incidents.

In addition to Bybit’s recovery, the report highlights a general uptick in trading volumes across the top ten cryptocurrency exchanges, which saw an average increase of 7.6% over the past year. This growth in trading activity points to a broader resurgence in interest and engagement within the cryptocurrency market, as more traders and investors turn to digital assets.

Bybit's comeback can also be attributed to the exchange's strategic initiatives aimed at improving user experience and expanding its offerings. By focusing on customer service and innovative features, the platform has managed to attract a new wave of users, contributing to its climbing market share.

While the incident of the hack remains a critical reminder of the risks associated with digital trading platforms, Bybit’s recovery serves as a testament to the resilience of the cryptocurrency ecosystem and the importance of ongoing security improvements. As the market continues to evolve, exchanges like Bybit will need to remain vigilant in protecting user assets and maintaining transparency.

Key Takeaways

Bybit has made a steady recovery in 2025 after a $1.5 billion hack, indicating improved user trust.
Trading volumes across the top ten cryptocurrency exchanges increased by an average of 7.6% last year.
The exchange has implemented enhanced security measures and strategic initiatives to attract new users.
Bybit's comeback highlights the resilience of the cryptocurrency market and the ongoing need for robust security practices.

This article was inspired by reporting from CoinTelegraph. · Report an issue