Bybit’s bbSOL sees a successful first month
Bybit, the world’s second-largest crypto exchange by trading volume, has seen a successful first month in its efforts to transform token staking on Solana (SOL) with bbSOL, the first exchange-backed liquid staking token (LST) on Solana, according to the most up-to-date information disclosed to Finbold on Wednesday, October 9. Emily Bao, Head of Spot and Web3 at Bybit, described bbSOL’s success as a testament to Bybit’s global reach: “We are incredibly proud of the community’s enthusiastic response to bbSOL. bbSOL’s success in its first month is a testament to the power of combining Bybit’s global reach with the innovation and agility of decentralized platforms. With its listing, we’re further expanding accessibility and unlocking even more opportunities for our users to trade and benefit from bbSOL. We look forward to building on this momentum and bringing even more partners into the fold as we continue to shape the future of token staking.” ...