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TU Analysts Name Bybit as the Best Crypto Exchange for 2023

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testnet Bybit

The rapidly expanding world of cryptocurrency trading has seen many platforms emerge, with Bybit as the leader in 2023. Recognized for its exceptional features and services, Bybit has gained the title of the best crypto exchange, according to Traders Union analysts.

Previously, the media has already published that the best crypto exchange is Bybit. Choosing the right platform cannot be understated, as it plays a crucial role in maximizing profits and ensuring a seamless trading experience.

How do crypto exchanges work?

Crypto exchanges are digital marketplaces that facilitate the buying, selling, and trading of cryptocurrencies. They connect buyers and sellers, allowing them to exchange cryptocurrencies for other digital assets or fiat currencies. Crypto exchanges employ order books to manage buy and sell orders, matching them based on price and quantity. Additionally, they provide users with various trading tools, such as charting and analysis, to assist in making informed trading decisions.

Tips for choosing the best crypto exchange?

TU experts stated the following tips for choosing the best crypto exchange:

  • About cryptocurrency exchange: Research the exchange’s history, mission, regulatory status, and contact details to ensure it is a reputable and trustworthy platform.
  • Trading conditions: Examine the list of available cryptocurrencies, trading fees, and other conditions to determine if the exchange meets your requirements.
  • Training resources: Ensure the exchange offers educational materials and guides to help you navigate the platform and understand the basics of crypto trading.
  • Analytics and news: Access to real-time market news and analysis allows you to make informed decisions and optimize your trading strategies.
  • Customer service: A responsive customer support team is essential for addressing any issues or concerns that may arise.
  • Communication channels: Multiple methods of contact, such as live chat and email, ensure prompt assistance is available when needed.
  • Personal account: A user-friendly personal account interface allows for easy management of your trading activities, verification, and transaction history.

What are the best Crypto exchanges?

After analyzing various platforms, Traders Union has compiled a list of the 20 best crypto exchanges, with the top five include:

  1. Bybit
  2. KuCoin
  3. OKex
  4. Binance
  5. Huobi Global.

Why Bybit named the best crypto exchange?

According to Traders Union, Bybit earned its title as the best crypto exchange for 2023 due to several key features:

  • User-friendly trading platform: Bybit offers a browser-based trading platform with advanced charting tools and customizable workspaces, ensuring a seamless experience for users.
  • Various trading instruments: Traders can choose from diverse trading instruments, including perpetual contracts, futures contracts, and linear contracts.
  • Deep liquidity and transparent order book: Bybit’s deep liquidity and transparent order book provide accurate market data and analysis, enabling informed trading decisions.
  • Robust security measures: The platform prioritizes security, employing multi-signature cold storage wallets, two-factor authentication, and SSL encryption to protect user assets.
  • Bybit offers a demo account: Bybit also offers a testnet Bybit demo account, allowing users to practice their trading skills and strategies without risking real capital.

Conclusion

In conclusion, Bybit is the premier choice for cryptocurrency traders seeking a reliable and efficient platform. By offering a user-friendly interface, diverse trading instruments, deep liquidity, robust security measures, and comprehensive customer support, Bybit has surpassed its competitors and secured the top spot in Traders Union’s rating of the best crypto exchanges for 2023.

Choosing the right crypto exchange is essential for maximizing profits and ensuring a smooth trading experience. Bybit’s outstanding features and services make it the ideal platform for novice and experienced traders. To learn more about Bybit and other top-rated crypto exchanges, visit the Traders Union’s official website, where you’ll find in-depth reviews, ratings, and valuable insights to help you make informed decisions in the dynamic world of cryptocurrency trading.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Economy

Ibeto Customs, Police Renew Joint Security Pact for Efficiency, Safety

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Nigeria Customs Service

By Adedapo Adesanya

The Nigeria Customs Service (NCS), Ibeto Seaport and Terminals Command, Port Harcourt, and the Nigeria Police Force have renewed their commitment to joint security operations at the nation’s maritime corridors, following a strategic meeting between top officials of both agencies.

According to a statement, the renewed partnership came as the Commissioner of Police, Eastern Port Police Command, CP Shuaibu Audu, paid a working visit to the Customs Area Controller, Comptroller Usman Yahaya, at the Command headquarters on April 17, 2026.

The engagement, according to a statement by the Command’s Public Relations Officer, Chief Superintendent of Customs Tangwa Emmanuel, was aimed at strengthening inter-agency cooperation and boosting operational efficiency within the port environment.

Speaking during the visit, Comptroller Yahaya described the engagement as significant, stressing that sustained collaboration among security agencies remains critical to safeguarding national assets and ensuring seamless port operations.

This visit is timely and highly appreciated. It reflects the importance of sustained cooperation among agencies entrusted with the security of our nation and the protection of critical economic assets,” he said.

He assured the police boss of Customs’ readiness to maintain strong working relations with the Eastern Port Police Command.

“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities,” Mr Yahaya added.

The Customs Area Controller noted that the synergy between both agencies has continued to play a vital role in maintaining order, facilitating legitimate trade and curbing criminal activities within the port system.

This was contained in a statement shared via the Customs official X handle.

Customs and the Police share common responsibilities in safeguarding the port environment. Synergy remains the cornerstone for achieving our collective mandate,” he stated.

He also briefed the visiting Commissioner on the operational relevance of the Ibeto Seaport and Terminals Command, reiterating the Command’s commitment to strengthening maritime security.

On his part, CP Audu said the visit was part of efforts to consolidate existing ties between the Nigeria Police Force and the Nigeria Customs Service.

“My presence here today is to reinforce the cordial relationship between the Nigeria Police Force and the Nigeria Customs Service. No organisation can function effectively in isolation,” he said.

He emphasised the importance of sustained collaboration among security agencies, particularly in securing the nation’s ports, which he described as vital to economic stability.

Synergy among security agencies is essential to addressing emerging threats. Our ports are strategic national assets, and we must work together to keep them secure,” Mr Audu stated.

The police commissioner also sought continued support from Customs officers in advancing shared security objectives.

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Economy

Tinubu Removes Wale Edun, Elevates Taiwo Oyedele as New Finance Minister

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swear in taiwo oyedele

By Modupe Gbadeyanka

Mr Taiwo Oyedele has become the new Minister of Finance and Coordinating Minister for the Economy after the exit of Mr Wale Edun.

This announcement was made on Tuesday by the Office of the Secretary to the Government of the Federation via a statement signed by Mr Yomi Odunuga, the Special Adviser of Media and Publicity to the Secretary to the Government of the Federation, Mr George Akume.

It was disclosed that President Bola Tinubu approved the removal of Mr Edun as Finance Minister as well his counterpart in the Housing and Urban Development Ministry, Mr Ahmed Musa Dangiwa.

According to Mr Akume, “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”

In approving the cabinet reshuffle, the President has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended), he added.

Before this minor cabinet reshuffle in the membership of the Federal Executive Council (FEC), Mr Oyedele the Minister of State for Finance.

Mr Muttaqha Rabe Darma has now been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.

Mr Tinubu thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours, reminding others that “the process of reinvigoration shall be continuous.”

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Economy

Dangote Eyes Crude Oil Production to Ease Shortfalls

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Crude Oil Production

By Adedapo Adesanya

The Dangote Group has announced plans to begin its own crude production, to help cover shortfalls in local crude feedstocks, in the coming weeks through its upstream assets.

According to Mr Devakumar Edwin, the Vice President of the Dangote Group, the company has commenced early testing on crude from its Niger Delta licenses.

In an interview with Platts, part of S&P Global Energy, the official said the company has already begun standard well testing and is preparing to scale up output.

“We have opened a well and begun standard testing, which should be completed in the next three to four weeks, maximum.

“After that point, oil can start to be pumped in larger volumes, and the company can begin work on drilling new wells,” he said.

Also speaking, Mr David Bird, the chief executive officer (CEO) of the Dangote refinery, said the upstream assets could provide a more stable crude supply for the refinery.

“Alongside its upstream interests, the company is seeking to establish its own shipping presence to help reduce logistics costs and improve the reliability of its crude sourcing,” Mr Bird said.

While confirmation has come from the company, the Nigerian government or the Nigerian National Petroleum Company (NNPC) Limited is yet to officially confirm the development.

The 650,000 barrels-per-day facility has been able to get enough feedstock locally under the federal government’s Crude-for-Naira initiative, leading it to source crude from international markets at a premium, which is partly responsible for the high cost of petrol and other fuels.

However, in April 2026, the NNPC said it would increase its crude supply to Dangote Refinery to seven cargoes.

The refinery, on several occasions, has stated it sources the majority of its crude oil outside Nigeria despite being the country’s Naira-for-crude sale deal.

Last month, it said the NNPC only gave it four to five cargoes, which is less than 50 per cent of expected volumes. The majority of Nigeria’s crude is tied to joint ventures with international oil companies.

With the latest development, it would help reduce the dependency on international crude as well as allow Dangote to ease some of its import costs.

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