Bybit made its liquidation data public through its enhanced API.
The move by Bybit sets a precedent for other crypto exchanges in terms of transparency.
Bybit is making rounds across the crypto media with its bold move of making liquidation data public. This marks the first time an exchange makes all of its liquidation data accessible to the public. Bybit established a new standard with this move in terms of transparency amidst increasing scams and frauds in the industry.
With more than $5.7 billion daily trading volume, Bybit emerged to be the top second crypto exchange platform. Bybit made its liquidation data public through its enhanced API earlier today and grabbed the attention of the entire crypto industry. This not only increases transparency but also sets a precedent to other leading crypto exchanges.
Bybit enhanced its API with a new WebSocket topic named “All Liquidations,” to offer transparency to users. This upgraded API ensures real-time liquida
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