Bybit recently became one of the crypto exchanges to support the Arbitrum Nitro upgrade. The platform released an official post to announce the upgrade that will take place on August 31 at 2:30 PM UTC.
Every deposit and withdrawal of tokens like USDC, USDT, and ETH through Arbitrum One will be suspended during the upgrade. This suspension will be initiated from 1:30 PM UTC on August 31.
The duration of the suspension depends on the speed of the network. Besides that, Bybit has assured users that trading of ETH and other activities will run seamlessly. Given the buzz around the Arbitrum Nitro upgrade, users keenly looked for a Bybit exchange review after the announcement.
Besides this, Bybit has also previously supported network upgrades for Elrond, Terra Classic, Terra, and Helium. All of these upgrades were undertaken seamlessly, with minimal discomfort caused on the platform.
As one of the most well-known crypto exchanges, Bybit has been in the market since 2018. It is primarily associated with a fast-matching engine, multilingual support, and excellent customer support.
Over its 3+ years of market experience, the platform has gained more than five million registered users. It now supports 100+ assets available for spot trading, a major part of its appeal. In addition, the platform supports 100 contracts for perpetual and quarterly futures.
Bybit has also spread its reach in additional domains like NFTs and derivatives. Moreover, it supports advanced features like copy trading, making the entire process simple for beginners and veterans.
Additionally, traders can set up profit and loss entry points, get strategy alerts, and even adjust orders to maximize their profits. Given such features, most traders heavily rely on the platform and believe the latest upgrade will also be executed smoothly.