Bybit Enhances Liquidation Data Transparency to Attract Institutional Investors
In a bid to improve market transparency and appeal to institutional investors, cryptocurrency exchange Bybit has made all its liquidation data publicly accessible through an upgraded application programming interface (API).
The updated API now provides liquidation data updates every 500 milliseconds—twice as fast as the previous version, which offered updates once per second for each trading pair. This enhancement ensures that every liquidation event is captured in real time, eliminating gaps that previously limited visibility into market activity.
“The essence of crypto lies in transparency. By making liquidation data fully public, we’re equipping traders and analysts with the insights they need,” Bybit CEO and co-founder Ben Zhou stated.
Liquidation data is a crucial tool for traders, offering insights into market trends, key price levels, and potential volatility spikes. By providing real-time access to this data, Bybit aims to give traders, analysts, and institutional investors a clearer picture of market conditions.
Earlier this month, a surge in volatility led to over $2.2 billion in reported liquidations within a 24-hour period. At the time, Zhou suggested that the actual figure was likely much higher—between $8 billion and $10 billion—due to limitations in API reporting. He noted that on Bybit alone, liquidations reached $2.1 billion in the same timeframe. The latest API upgrade seeks to address such discrepancies by ensuring more accurate and comprehensive reporting.
