Bybit’s RPI Orders Restore Liquidity Amidst Market Turmoil

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, demonstrates a robust response to a recent security incident, regaining significant trading volume despite challenging market conditions. A new report from Block Scholes reveals how Bybit implemented its Retail Price Improvement (RPI) order system and leveraged this mechanism to restore liquidity, achieving remarkable recovery within weeks of the hack.