TechFlow reported on March 6 that, according to an official announcement, Bybit, the world's second-largest cryptocurrency exchange, has significantly enhanced liquidity in its spot markets through innovative Retail Price Improvement (RPI) orders and institutional liquidity partnerships, further solidifying its leadership in offering retail customers optimal trading conditions.
With the introduction of RPI orders, Bybit has demonstrated strong liquidity performance across multiple trading pairs. Based on data from February 27 to March 3, 2025, after implementing RPI, Bybit’s liquidity metrics for major trading pairs showed: BTC/USDT liquidity was 1.5 times that of the market leader; ETH/USDT liquidity reached five times that of the market leader; SOL/USDT liquidity was 4.5 times that of the market leader; and average liquidity across the top 12 trading pairs was three times that of the market leader.
RPI orders are maker orders designed by Bybit specifically for retail clients (non-API algorithmic traders), providing deeper order books and more competitive pricing. This feature has improved Bybit’s liquidity performance across 180 trading pairs.
