Dubai, United Arab Emirates, July 22, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is celebrating explosive growth alongside 37 million loyal users. In a biennial keynote address, Bybit CEO Ben Zhou revealed the platform’s remarkable achievements and ambitious vision for the future, fueled by the unwavering support of its global community.
Bybit will be prepared with its new Bybit Web3 service. “The industry is heading towards Web3,” said Ben. “Bybit’s goal is to bridge the gap between the decentralized, self-custody Bybit wallet and the centralized exchange (CEX). We want to offer the look and feel of CEX, but allow our users to explore Web3 in a decentralized way.”
Riding the cryptocurrency wave with unparalleled growth
Bybit is experiencing growth. The exchange platform has secured its position as the world’s second-largest spot cryptocurrency exchange and third-largest derivatives exchange (by trading volume), cementing its leadership in the industry. This phenomenal growth is further amplified by a thriving VIP program that boasts over 90,000 satisfied members who enjoy exclusive benefits and exclusive offline events.
Defending security and user experience
Bybit goes beyond numbers; it aims to empower users through innovation. Its innovative Bybit Web3 service bridges the gap between self-custody, the decentralized Bybit wallet, and the familiar convenience of a centralized exchange. This results in a seamless user experience while also granting the freedom to explore the exciting world of Web3.
To further cement its commitment to user education, in the first half of 2024 (H1), Bybit hosted 24 phenomenal livestream sessions that garnered over 30 million views, providing the Web3 community with a platform to learn, trade, and connect with industry experts and enthusiasts. Bybit offers a comprehensive educational program, a free AI assistant (TradeGPT), and exclusive trading tools like Future Combo Trading Bot, all designed to give newcomers the knowledge and confidence to navigate the cryptocurrency landscape with ease.
Security remains paramount in Web3 and Bybit takes it very seriously. They have implemented a robust set of advanced risk control measures, including features such as one-click account locking, biometric and Telegram notifications, and cutting-edge AI-powered live face detection and virtual cameras to ensure the safety of users’ assets.
Expanding horizons: Global compliance and the Bybit card
Bybit is taking decisive steps towards global expansion. With a MiCA license on the horizon for Europe and applications filed in other key jurisdictions, Bybit is demonstrating its dedication to regulatory compliance.
The Bybit Card continues to innovate and has recently launched in Argentina. This revolutionary card seamlessly integrates with Google (NASDAQ:) and Apple (NASDAQ:) Pay, allowing users to spend their cryptocurrencies anywhere Mastercard (NYSE:) is accepted. With multi-asset spending options and automatic conversion to local currency, the Bybit Card offers unmatched convenience and up to 10% cash back on purchases.
Building a Cryptocurrency-Powered Future
Bybit remains steadfast in its mission to make cryptocurrencies accessible and beneficial to all. With a focus on regulatory compliance, cutting-edge Web3 services, and unparalleled user engagement programs, Bybit leads the way to a future filled with the transformative power of cryptocurrencies.
About BybitBybit is the world's second-largest cryptocurrency exchange platform by trading volume, boasting over 37 million users. Founded in 2018, Bybit offers a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula One constructors' and drivers' champions – the Oracle (NYSE:) Red Bull Racing Team. For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: [email protected] more information, please visit: Updates, Follow us on: Bybit Communities & Social MediaContactHead of public relationsTony AuBy bit[email protected]
This article was originally published on Chainwire
