Milestone Achievement for Bybit
Bybit has reached an impressive milestone, surpassing 70 million registered users, solidifying its position as the second-largest cryptocurrency exchange worldwide by trading volume. This achievement highlights the platform’s ongoing expansion, particularly among both retail and institutional investors.
Commitment to Compliance and Infrastructure
The company, co-founded and led by its CEO, reaffirms its commitment to bolstering compliance standards and refining its infrastructure tailored for institutional clients while fostering innovations that prioritize user experience.
Engagement with Global Regulatory Bodies
In its efforts to enhance global compliance, Bybit is actively engaging with regulatory bodies across different countries. Notably, the exchange has initiated dialogues with the Vietnamese Ministry of Finance and is participating in a regulatory sandbox program in Vietnam. Furthermore, strides have been made in the United Arab Emirates to boost platform transparency and alignment with local laws.
Institutional Focus and New Collaborations
On the institutional front, Bybit is intensifying its outreach to professional clients and has recently joined forces with Zodia Custody, a custodian specializing in institutional-grade services, to augment its offerings.
Web3 Integration and Community Empowerment
In addition, Bybit is advancing the integration of Web3 applications, with nearly 2 million users already utilizing its cryptocurrency card for daily transactions. To further empower its community, Bybit has introduced AI-driven tools like CryptoLens and TradeGPT, designed to provide market insights and enhance the efficiency of trading decisions.
