---
id: "entity-bybit"
type: "entity"
entityType: "product"
canonicalName: "Bybit"
aliases: []
source_timestamps: ["25:39:00"]
tags: ["crypto-exchange", "offshore", "derivatives"]
related: ["concept-leveraged-perpetuals"]
sources: ["carlasare"]
sourceVaultSlug: "cardone-carlasare-bitcoin-macro-2026Jun25"
originDay: 3
---
# Bybit

## Profile

A **crypto derivatives exchange** founded in 2018, known for high-leverage **perpetual contracts** (up to 100×) and a large retail user base. Operates from offshore jurisdictions and is **restricted or banned** in several major regulated markets.

## Relevance to This Vault

Mentioned by [[entity-joe-carlasare|Carlasare]] as an emblematic platform for the [[concept-leveraged-perpetuals|leveraged perpetual contract]] trading that drives the [[framework-liquidation-cascade|crypto flash crash mechanism]].

It is the kind of venue that the action item [[action-avoid-crypto-leverage]] explicitly tells retail investors to avoid.

## Why It Matters Structurally

Offshore perpetual venues like Bybit:

- Operate 24/7 — including weekends when [[entity-cme|CME]] is closed.
- Offer leverage far beyond what regulated venues permit.
- Their risk engines mechanically force liquidations during volatility, amplifying moves.

They are not the *cause* of crypto volatility, but they are the *amplifier*.