Bybit, after a $1.5 billion hack in February 2025, rebounded to have the second-highest trading volumes among crypto exchanges last year, reaching $1.5 trillion in total volume with an 8.1% market share. The attack on Bybit was the largest crypto hack ever by North Korean attackers, exploiting a cold wallet vulnerability.

Immunefi CEO Mitchell Amador revealed that nearly 80% of projects never fully recover after a hack due to operational breakdowns and trust issues. Bybit responded to the hack by keeping withdrawals open, honoring all user transactions, and assuring users of sufficient funds to cover all losses.

CoinGecko reported that six out of the top 10 exchanges saw trading volumes increase by 7.6% on average in 2025, totaling $1.3 trillion in additional trades. MEXC saw the largest growth with volumes jumping 91% to $1.5 trillion, driven by a zero-fee policy and attracting high-frequency traders and retail users.

Despite a slow end to the year, 2025 was a successful year for crypto prices, with Bitcoin and other coins reaching multiple all-time highs. Binance remained the top crypto exchange with an estimated $7.3 trillion in trading volume, although it experienced a 0.5% decline in volume compared to 2024 due to bearish market sentiment after a historical liquidation event.

Read more at Cointelegraph: Bybit Rebounds After Hack as Crypto Trading Volumes Climb in 2025