Bybit to Adopt Single-Counted Open Interest Reporting for Greater Market Transparency
By
Third News
A respectable bake. You'd come back tomorrow for another.
Summary
Bybit, the world's second-largest cryptocurrency exchange, announced it will transition from a bilateral (dual-sided) Open Interest (OI) calculation method to a unilateral (single-counted) OI measurement, effective June 11, 2026. This change aims to enhance market transparency and align Bybit's reporting framework with methodologies widely adopted across global cryptocurrency platforms, improving comparability for traders and analysts.
Key quotes
· 3 pulledBybit, recognized as the world's second-largest cryptocurrency exchange by trading volume, has decided to update its Open Interest (OI) calculation.
This transition, set to take place on June 11, 2026, involves changing from a bilateral (or dual-sided) OI counting approach to a unilateral (or single-counted) OI measurement.
The alteration is meant to align Bybit's reporting framework with the methodologies widely adopted in global d
You might also wanna read
Crypto Exploit Losses Drop 90% in May to $68.3 Million, CertiK Reports
Crypto platform exploit losses dropped nearly 90% in May 2026 to $68.3 million, down from $650 million in April, according to security firm
cointelegraph.com·2h ago
World App by Tools for Humanity: A Gateway to World Network Identity and Digital Finance
World App by World (formerly Worldcoin) is a digital platform that provides access to the World Network, allowing users to verify their uniq
world.org·2h ago
Bitcoin Miners Shift Toward Energy Infrastructure as Difficulty Nears 139 Trillion and Hashrate Surpasses 1 ZH/s
Bitcoin's network difficulty increased by 1.72% at block height 951552, while hashrate surpassed 1,000 EH/s (1 ZH/s). Bitcoin's price fluctu
news.bitcoin.com·11h ago
Circle Freezes $12.6M in USDC From Zama Privacy Contract Following Federal Court Order
Circle blacklisted a smart contract associated with Zama's privacy protocol on May 30, freezing approximately $12.6 million in USDC followin
news.bitcoin.com·16h ago
Grayscale report: Hyperliquid could challenge traditional exchanges as blockchain-based financial infrastructure
Grayscale has released a report describing Hyperliquid (HYPE), a decentralized crypto perpetual futures exchange launched less than three ye
coindesk.com·19h ago
Binance targets 3 billion users by 2030 amid crypto market downturn, says executive
Binance aims to grow its active user base from 300 million to 3 billion by 2030, despite the crypto market facing a downturn and regulatory
coindesk.com·20h ago