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

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Saudi Arabia and UK Hold 2nd Session of Strategic Aid Dialogue in London

Within the framework of the Strategic Aid Dialogue for Development and Humanitarian Aid between the Kingdom of Saudi Arabia and the United Kingdom, the 2nd session entitled “Humanitarian Aid” was held yesterday in London with the participation of a number of officials from both sides.

During the session, the current humanitarian cooperation between the two sides was evaluated, in addition to discussing the UN’s humanitarian work, highlighting the latest development to host the donor’s group meeting in Riyadh and the ways of reaching humanitarian aid to affected people around the world.

Source: Saudi Press Agency

Dr Al-Rabeeah Meets with UK Minister of State for Middle East, North Africa, and South Asia in London

Advisor at the Royal Court and the General Supervisor of the King Salman Humanitarian Aid and Relief Center, Dr Abdullah bin Abdulaziz Al-Rabeeah, met yesterday in London, with the Minister of State for the Middle East North Africa, South Asia, and United Nations at the Foreign, Commonwealth & Development Office (FCDO) Lord Tariq Mahmood Ahmed, in the presence of the Executive Director of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Marshad, on the sidelines of the Strategic Aid Dialogue between Saudi Arabia and the UK.

During the meeting, the two sides discussed the importance of cooperation and coordination between the two countries to enhance humanitarian work worldwide and to complete bilateral partnership measures to support humanitarian efforts in several countries in need.

Lord Ahmed praised the fruitful results of the strategic dialogue between the Kingdom and the UK and the results of the sessions in serving humanitarian issues and achieving sustainable development goals.

Source: Saudi Press Agency

OIC Commemorates International Day to Combat Islamophobia

The Organization of Islamic Cooperation (OIC) held a special session yesterday to commemorate the first anniversary of the International Day for Combating Islamophobia. The United Nations last year declared March 15 as the International Day to Combat Islamophobia, a test that the OIC hailed.

The commencement of this event occurred at the opening of the 49th session of the Council of Foreign Ministers of OIC Member States, held in Nouakchott, Mauritania. The session was attended by foreign ministers of OIC countries, the High Representative of the United Nations Alliance of Civilizations (UNAOC), Miguel Angel Moratinos, ambassadors and representatives of observer countries and international organizations, and representatives of OIC institutions.

The event represented an opportunity to raise awareness of the current situation concerning Islamophobia and to call for concrete global action to combat incitement to all forms of religion-based hatred, discrimination, and violence.

OIC Secretary-General, Hissein Brahim Taha, said in a speech he delivered that the International Day to Combat Islamophobia should not be considered an occasion for Muslims only but rather a global day to confront any form of religious hatred and intolerance, calling on all countries, International and regional organizations to observe March 15 as the International Day to Combat Islamophobia and to reiterate their commitment to combating xenophobia and promoting the values of tolerance, understanding, harmony, dialogue and peaceful coexistence between different religions.

Source: Saudi Press Agency

Bulgarian Research Ship Docks at Port of Mar del Plata, Argentina for Supplies

Bulgarian Naval Research vessel Sv. Sv. Kiril i Metodii (RSV 421) is having a stopover in the Argentinian port of Mar del Plata, one of the ship’s stops on the way back to Bulgaria after participation in the 31st Bulgarian Antarctic mission on Livingston Island.

RSV 421 has docked at the Mar del Plata naval base after being assisted by two pilot boats.

The ship will remain in Argentina until March 20 to replenish its stocks of fuel, foodstuffs, and fresh water and will cross the Atlantic and make two more stops in Cartajena in Spain and Elevsina in Greece, before it finally arrives in Bulgaria by the end of April.

BTA’s Daily News editor Konstantin Karagyozov is the only journalist who is traveling on board the ship to Livingston Island and back where he covered the Bulgarian expedition throughout its stay in Antarctica.

Source: Saudi Press Agency

Royal Institute of Traditional Arts signs MOU with Korea National University of Cultural Heritage

The Royal Institute of Traditional Arts signed a memorandum of understanding (MOU) with the Korea National University of Cultural Heritage to enhance cooperation between the two parties in traditional arts, characteristics of cultural heritage, and traditional intangible arts and crafts. The MOU was signed in the presence of the Acting Director General of the Institute, Dr. Susan Al-Yahya, and the Dean of the University, Dr. Kang Kyung Hwan.

The areas of cooperation between the two sides prevailed through the development of academic programs and short courses in the sciences of heritage preservation and the characteristics of cultural heritage, sharing their research on cultural heritage, and examining the possibility of exchanging visiting craftsmen, by encouraging the formation of a working group to promote joint projects in traditional arts and cultural heritage, in addition to organizing training programs, workshops, capacity development programs and seminars for those interested in traditional arts.

The Royal Institute of Traditional Arts seeks to highlight the national identity by enriching and promoting traditional arts. It is also tasked with raising, disseminating, and introducing the culture of traditional arts in the Kingdom, locally and internationally, and supporting efforts aimed at preserving them, in addition to encouraging and training talents in the fields of traditional arts and providing relevant educational programs.

Source: Saudi Press Agency

Saudi Marshal Team Set to Participate in F1 2023 Saudi Arabian Grand Prix

Saudi Marshal team has completed preparations for the launch of the “stc Formula 1 Saudi Arabian Grand Prix 2023,” with the participation of a team consisting of 800 volunteers, of which 640 were given the opportunity to participate in organizing this global event, as well as the time and training needed to reach international professional levels in organizing mega-events.

This represents the second edition led by a Saudi Marshal team, after last year’s edition 2022, through which the Saudi Marshal team gained great and distinguished experiences in this field, finding praise from the attendants and participants of the event at the Jeddah Corniche Circuit.

The female component of the Saudi Marshal team during the current edition of the stc Formula 1 Saudi Arabian Grand Prix 2023 enjoys a privileged position in the Saudi Marshal team, and accounts to 40% of participants. The female participants showed great readiness, armed with distinguished passion during the training and practical experiences stage, as they proved themselves as strong competitors compared with their male peers in executing the tasks assigned to them, to make this global event a success in the Kingdom.

Source: Saudi Press Agency

High-level Session of Strategic Aid Dialogue between Saudi Arabia and UK Concludes in London

The high-level session of the Strategic Aid Dialogue between Saudi Arabia and the United Kingdom (UK) concluded today in, London.

The Kingdom’s delegation was headed by the Advisor at the Royal Court and the General Supervisor of the King Salman Humanitarian Aid and Relief Center, Dr. Abdullah bin Abdulaziz Al-Rabeeah, and representatives of the Ministries of Foreign Affairs and Finance and the Saudi Fund for Development.

The closing session was also attended by the CEO of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Marshad, and Prince Saad bin Mansour bin Saad, the Foreign Ministry’s Director General of the General Administration for European Countries. On the British side, the session was attended by the Minister of State for the Middle East, North Africa, South Asia, and United Nations at the Foreign, Commonwealth & Development Office (FCDO) Lord Tariq Mahmood Ahmed, and Director General of the Middle East, Afghanistan, Pakistan, U.S., Canada, and the Overseas Territories Vijay Rangarajan.

During the session, the two sides agreed on more cooperation to enhance development communication and exchange data and experiences to serve their priorities, and to support the development and humanitarian programs for the neediest groups in the world. They also agreed to finance more development and humanitarian projects in thematic and geographical areas of common interest.

The high-level session of the Strategic Aid Dialogue between Saudi Arabia and the UK continued for two days, to discuss common humanitarian and development challenges, develop a framework for development cooperation, define priorities and future steps, as well as discuss existing and potential cooperation programs. The deliberations were attended by ministers and senior representatives of both governments.

Source: Saudi Press Agency