<ul><li>Bybit, the second-largest cryptocurrency exchange, regained substantial trading volume and restored market stability following a major hacking incident.</li><li>The exchange implemented measures to safeguard liquidity and experienced a sharp, but brief disruption in volumes and order book depth.</li><li>Bybit's rapid recovery was attributed to the timely rollout of Retail Price Improvement (RPI) orders, which resulted in deeper order books and tighter bid-ask spreads for retail traders.</li><li>Bybit's market share rebounded to 7% from a post-incident low of 4%, with bid-ask spreads and order book depth returning to normal levels within a week of the incident.</li></ul>

Liquidity is King – RPI Orders Accounted for Over 50% by Late March on Bybit: Block Scholes Report

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