Conflict of Interest

List and Basic Information of Order-Executing Exchanges

Bybit Georgia Limited LLC is a company registered in Georgia (Company No: 402297331) that has been granted a license from the National Bank of Georgia to operate as a Virtual Asset Service Provider (VASP).

Best Execution Based on Market Conditions

Bybit Georgia Limited LLC is connected to the liquidity of the Bybit Global Liquidity Pool, which ensures that we can provide our customers with the best execution in terms of both price and time, as follows:

Price – With the large volume of digital asset transactions from the Bybit Global Liquidity Pool, the Company is confident there is an optimal opportunity for a customer's buy or sell order to be matched and executed at a price with the least deviation from the actual market price.

Time – With the continuous and rapid digital asset transactions on the Bybit Global Liquidity Pool, the Company is confident that buy or sell orders will be matched and executed as quickly as possible. In cases where multiple buy or sell orders share the same price, the order that was placed first will be prioritized and matched first.

Conflict of Interest Management

The Company's primary business purpose is to provide the best possible service to our customers. The Company is confident that the selected Liquidity Provider Partners will enable us to achieve this. However, the Company will have a regular and consistent process to monitor and audit the services of its Liquidity Provider Partners to ensure the quality of their service continues to meet the Company's standards and expectations.