ByBit is a major and one of the fastest growing centralized crypto trading platforms with derivatives and margin trading. Officially, the company is based in the British Virgin Islands, but their office is in Singapore. The platform only went live in March 2018, so it's still relatively young.
ByBit really focuses on the traders who already have a lot of knowledge of investing. Until June 2021, it was not even possible to hold only crypto coins, but only offered financial derivatives such as options, futures and perpetual contracts for crypto.
An important fact for people who trade with leverage is a smooth transaction flow. If you bet with a leverage of x100, a few seconds can also save several hundred or thousands of euros. In any case, ByBit ensures that this runs smoothly, with its ability to process up to 100,000 transactions per second.
Furthermore, ByBit is known for its easy and user-friendly interface with an intuitive design.