Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an industry-first initiative by making all liquidation data fully accessible to the public via its enhanced API. This bold step positions Bybit as a leader in transparency, offering institutional investors, analysts, and traders real-time, granular insights into market dynamics—a critical edge in the fast-evolving crypto landscape.
In response to calls from the crypto community for greater transparency, Bybit has enhanced its API with a new WebSocket topic, "All Liquidations." Unlike the previous iteration, which was restricted to one message per symbol per second, the upgraded stream now delivers real-time liquidation data every 500 milliseconds. This ensures that every liquidation event is captured and disclosed without delay, setting a new standard for openness and reliability in the digital asset market.
“The real spirit of crypto is transparency,” said Ben Zhou, co-founder and CEO of Bybit. “By making all liquidation data fully public, we are taking a proactive approach in response to the crypto community’s demand for openness. This initiative ensures that traders and analysts can access complete and real-time market data, empowering them with the insights they need.”
Unmasking Market Realities
Ben recently emphasized the importance of accurate liquidation data, noting that previously reported figures across the industry did not fully capture the true scale of market activity due to API limitations. Bybit’s latest update addresses these gaps by ensuring that all liquidation events are now fully disclosed in real-time, providing traders with a more complete and transparent view of market conditions.
This initiative delivers measurable benefits for the crypto investment community:
Market Clarity: Full visibility into liquidation events reveals true market depth, enhancing trust and enabling precise analysis of trends and participant behavior.
Risk Mitigation: Real-time data empowers investors to pinpoint support and resistance levels, anticipate volatility spikes, and refine risk management frameworks.
Strategic Edge: Access to granular, unfiltered data fuels advanced trading strategies, back-testing, and predictive modeling—key for institutions maximizing alpha in crypto markets.
The move is already reshaping the industry. Bybit’s transparency initiative is already making waves across the industry. In response, CoinGlass, a leading cryptocurrency analytics platform, has integrated Bybit’s newly available liquidation data into its interface, allowing users to visualize and analyze market events with unparalleled accuracy.
A Catalyst for Institutional Confidence
As institutional adoption of cryptocurrencies accelerates, Bybit’s commitment to radical transparency signals a maturing market primed for sophisticated capital. By providing a reliable data foundation, Bybit strengthens its appeal to hedge funds, asset managers, and trading firms seeking a trusted partner in the crypto space.