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.

For more information please visit: https://www.bybit.com/

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Media contact:
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crypto.ro Announces ‘The Alliance’, the Most Anticipated Crypto Conference in 2023

Crypto.ro is hosting their first crypto conference since going globally

TIMIŞOARA, ROMANIA / ACCESSWIRE / March 16, 2023 / Crypto.ro, 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 crypto.ro. 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 events.crypto.ro.

About crypto.ro

Crypto.ro 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 crypto.ro’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, crypto.ro is your one-stop-shop for all things crypto.

Follow crypto.ro today to stay connected with the world of cryptocurrencies.

Follow on Twitter
https://twitter.com/cryptoro_global

Join the Telegram Community
https://t.me/s/cryptoro_global

Follow on Instagram
https://www.instagram.com/crypto.ro.global

Contact Information:

Alex Numeris
CEO
[email protected]

Maya Parker
Public Relations Officer
[email protected]

SOURCE: Crypto.ro

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 CuriaGlobal.com.

Corporate Contact:
Sue Zaranek
Curia
+1 518 512 2111
corporatecommunications@CuriaGlobal.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1ee2752-5afe-44c8-ab11-33a29f2137f0

GlobeNewswire Distribution ID 8790280

President Sisi: ‘Shoulder-to-Shoulder’ initiative aims to alleviate burden on citizens

President Abdel Fattah El Sisi asserted Friday that “Shoulder-to-Shoulder” initiative is aiming to alleviate the burden on citizens in order to mitigate the effects of the global economic crises that led to substantial inflationary pressures and raised energy and food prices, squeezing real incomes of households around the world.

In a word before the launch of the celebration of the initiative at Cairo International Stadium, President Sisi said the attendees represent all segments of the Egyptian society, including businessmen, the private sector and senior state officials.

“They are making a good job in such hard times,” the president said.

President Sisi added the initiative will contribute to reducing the burden on people by distributing 6 million boxes of food supplies to the most vulnerable groups and families all over the country.

The event celebrates the efforts of 300,000 volunteers helping to provide food to over 20 million people, according to the National Alliance for Civil Development Work (NACDW).

The “Shoulder-to-Shoulder” initiative is the biggest of its kind in Egypt’s history, the NACDW said.

Source: State Information Service Egypt

President Sisi gives go-ahead to ‘Shoulder-to-Shoulder’ initiative in 10 governorates

President Abdel Fattah El Sisi on Friday gave the go-ahead to volunteers of the “Shoulder-to-Shoulder” initiative in ten governorates.

This came during the launching ceremony of the initiative, which is conducted by the National Alliance for Civil Development Work (NACDW), with the aim of distributing six million cartons of food supplies across all of Egypt before the holy month of Ramadan.

The ceremony, hosted by Cairo International Stadium, featured a line-up of volunteers and representatives of the alliance members, along with the trucks that traveled from the stadium to deliver the food cartons to Egypt’s neediest families.

President Sisi thanked all volunteers of the initiative, saying” Thank you very much.. Through you we extend our thanking to all associations and participants in NACDW.”

The president also thanked volunteers of North Sinai for participating in the launch of the initiative.

Source: State Information Service Egypt

Sisi thanks children volunteering in “Shoulder-to-Shoulder” initiative

President Abdel Fattah El Sisi thanked via video-conference volunteering children, who take part in the launching ceremony of the Shoulder-to-Shoulder initiative at Cairo International Stadium.

The initiative aims to distribute six million cartons of food supplies to 20 million citizens across all of Egypt before the holy month of Ramadan, according to the National Alliance for Civil Development Work (NACDW).

The initiative is the biggest of its kind in Egypt’s history, the NACDW said.

The NACDW, which was launched in March 2022 to provide services in areas such as health and education, is a 34-entity alliance that includes the Decent Life Foundation (DLF), Resala Charity Organization, Orman Association and the Egyptian Food Bank.

Source: State Information Service Egypt

President Sisi witnesses launching ceremony of ‘Shoulder-to-Shoulder’ initiative

President Abdel Fattah El Sisi witnessed on Friday the launching ceremony of “Shoulder-to-Shoulder” initiative at Cairo International Stadium.

Today’s event aims to celebrate the efforts of thousands of volunteers helping to provide food to over 20 million people nationwide.

The initiative is being launched by the National Alliance for Civil Work for Development (NACDW) which is the biggest organized, independent gathering of civil society associations, representing the main umbrella, under which 30,000 associations work to achieve development, economic empowerment and social protection for Egyptians.

The celebration started with showing a documentary film about the story of several volunteers of “Shoulder-to-Shoulder” initiative.The film threw a spotlight on the idea of the initiative, which was launched upon directives issued by President Sisi with the aim of supporting the National Alliance for Civil Work for Development (NACDW).

The film, meanwhile, said that the idea of supporting the NACDW represents a dream for everyone.The NACDW managed to reach out to people and get to places that are very difficult to be reached, according to the film.

Via video conference, President Sisi also witnessed the proceedings of launching ”Shoulder-to-Shoulder” initiative in 10 governorates.A number of volunteers reviewed their relentless efforts to support the most needy families and deliver foodstuff to them before the start of the holy fasting month of Ramadan.

One of the volunteers, meanwhile, said that establishing the National Alliance for Civil Work for Development, which is the first of its kind in Egypt, includes institutions and associations that gather under one umbrella, upon directives issued by President Sisi in 2022.The initiative included 300,000 volunteers helping to provide food to about 25 million people, according to them.

As of Saturday, cartons that usually consist of food packages containing rice, oil, sugar and other necessities will be distributed to the needy families.

One of the volunteers in “Gamal el Garhi” foundation for community development reviewed – via video conference – the launch of “Shoulder-to-Shoulder” initiative in Fayyoum governorate.He also referred to El Kheir kitchen, which provides hot meals throughout the year and during the holy fasting month of Ramadan.

One of the volunteers in Abu el Enein charitable foundation said that after joining the National Alliance for Civil Work for Development (NACDW), it became easier to unify all databases and the services became more expanded.

In Assiut governorate, Tamer Galal at “Resala” charity organization said that he is delighted to be part of “Shoulder-to-Shoulder” initiative.The charity organization has been operating in Egypt since more than 23 years, he boasted.Resala is at the forefront of associations participating in the National Alliance for Civil Development Work (NACDW), he added.In Damietta governorate, director of Dakhalia and Damietta office in Misr el Kheir foundation Hassan Mousalam said that a huge number of volunteers of different ages are taking part in preparing boxes usually consisting of food packages containing rice, oil, sugar and other necessities.

President Sisi witnessed several artistic performances as part of proceedings related to the launch of “Shoulder-to-Shoulder” initiative.The events included stunning performances presented by young talents from “El Dome” TV show.Following the various outstanding performances, President Sisi delivered a speech in which he said that the “Shoulder-to-Shoulder” initiative is considered a new victory to humanity and social solidarity.President Sisi, meanwhile, said that the event is a wonderful humanitarian scene, greeting all Arab and Muslim nations on the approach of the holy month of Ramadan.

Source: State Information Service Egypt

Sisi: ‘Shoulder-to-Shoulder’ initiative is new victory to humanity, social solidarity

President Abdel Fattah El Sisi affirmed the “Shoulder-to-Shoulder” initiative is considered a new victory to humanity and social solidarity.Speaking during the launching ceremony of the initiative in Cairo International Stadium on Friday, President Sisi said that the event is a wonderful humanitarian scene, greeting all Arab and Muslim nations on the approach of the holy month of Ramadan.

The initiative is organized by the National Alliance for Civil Development Work (NACDW).

The president voiced appreciation of efforts and sacrifices made by the great Egyptian people to serve the homeland.President Sisi pointed out to the great national project to develop the Egyptian countryside “Decent Life” that is aiming to improve living standards and achieve genuine development in more than 4,000 targeted villages.

President Sisi said that when “Decent Life” initiative was launched in 2019 its initial cost ranged between 700 and 800 billion Egyptian pounds.

However, due to global and domestic economic and financial changes the initiative’s first phase cost hit more than 350 billion Egyptian pounds and the cost of the second and third phases are expected to reach nearly one trillion Egyptian pounds, the president said.

President Sisi said that “what we have been witnessing is affirming the determination and will of the people and showing their capability of changing the crisis into success and achievement in a wonderful humanitarian scene”.

The president thanked all participants in this story of success including volunteers, charities, benevolent associations and active bodies operating under the umbrella of the National Alliance for Civil Development Work (NACDW).

President Sisi said “we are seeing today a new success by Egyptians in a civil society alliance that is aiming to support the social protection system in coordination with efforts of the government and the private sector.”

“They are all working to attain social development and offer quality services to citizens nationwide with the objective of reaching the most vulnerable segments in the Egyptian society,” he said.

The NACDW, which was launched in March 2022 to provide services in areas such as health and education, is a 34-entity alliance that includes the Decent Life Foundation (DLF), Resala Charity Organisation, Orman Association and the Egyptian Food Bank.

Source: State Information Service Egypt