Bybit Boosts Transparency With Real-Time Liquidation Data to Attract Institutional Investors
Bybit, one of the leading cryptocurrency exchanges, has enhanced its data transparency by making all liquidation data fully accessible through an upgraded application programming interface (API). The move is aimed at improving market clarity and attracting more institutional investors.
The exchange’s upgraded API now delivers liquidation data updates every 500 milliseconds, doubling the speed of the previous system, which refreshed once per second per trading pair. This improvement ensures that every liquidation event is tracked in real time, eliminating previous blind spots and providing traders with a more comprehensive view of market activity.
“Transparency is at the core of crypto, and by opening up all liquidation data, we’re giving traders and analysts the insights they need to make informed decisions,” said Bybit CEO and co-founder Ben Zhou.
Liquidation data is critical for market participants, as it helps identify price trends, support and resistance levels, and potential spikes in volatility. By making this information readily available, Bybit aims to empower both retail and institutional investors with real-time insights.
Earlier this month, extreme market volatility led to over $2.2 billion in reported liquidations in a single day. However, Zhou estimated that the actual liquidation volume was significantly higher—likely between $8 billion and $10 billion—due to API limitations at the time. Bybit’s latest upgrade seeks to address these gaps, ensuring more accurate and reliable reporting moving forward.
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