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SG
updated 5 months ago

Bybit Fintech Limited

Company website

Bybit Fintech Limited, commonly known as Bybit, is a leading cryptocurrency exchange headquartered in Singapore (SG). Founded in 2018, Bybit has rapidly established itself as a prominent player in the fintech industry, focusing on derivatives trading and digital asset management. The platform is renowned for its user-friendly interface, advanced trading features, and robust security measures, catering to both novice and experienced traders. With a strong presence in major operational regions including Asia, Europe, and the Americas, Bybit offers a diverse range of products and services, such as perpetual contracts and spot trading. The company has achieved significant milestones, including reaching millions of registered users and processing billions in daily trading volume. Bybit's commitment to innovation and customer satisfaction has solidified its position as a trusted exchange in the competitive cryptocurrency market.

DitchCarbon Score

How does Bybit Fintech Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

8

Industry Average

Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

0

Industry Benchmark

Bybit Fintech Limited's score of 8 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.

0%

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Bybit Fintech Limited's reported carbon emissions

Bybit Fintech Limited, headquartered in Singapore (SG), currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the company. This lack of emissions data and commitments suggests that Bybit may not yet have established a formal framework for addressing its carbon footprint or engaging in climate action initiatives. As the fintech industry increasingly prioritises sustainability, Bybit's absence of emissions reporting and climate commitments may place it at a competitive disadvantage compared to peers who actively pursue and disclose their environmental strategies. Without specific targets or initiatives, the company may need to consider developing a comprehensive approach to carbon management to align with industry standards and stakeholder expectations.

Industry emissions intensity

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Very high
Some industries are more carbon intensive than others. Bybit Fintech Limited's primary industry is , which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
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Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bybit Fintech Limited is in SG, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Bybit Fintech Limited is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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