The path to the future of cryptocurrencies: Highlights of Bybit's #TheCryptoArk keynote

2024-01-12 04:00:20

DUBAI, UAE, March 20, 2020 /PRNewswire/ — After increasing its share of the spot market by 8x in 2023, Ben Zhou, co-founder and CEO of Bybit, laid out the path forward for the crypto industry in a keynote speech.

The CryptoArk Keynote was a prime example of Bybit’s significant progress and future plans – and a testament to the company’s tireless commitment to advancing the digital asset industry. Ben Zhou reported on Bybit’s successes, such as reaching over 20 million users, launching 93 new products, supporting 96 deposit and withdrawal chains, and becoming the third largest derivatives exchange.

Additionally, Bybit’s commitment to compliance has been demonstrated by its expansion into the United Arab Emirates, South Africa and the Netherlands, reinforcing its position as a trusted, global crypto platform. The keynote highlighted the company’s focus on improving the usability and stability of the platform.

The company increased transaction capacity threefold and achieved 99% availability even during periods of high market volatility. Ben Zhou also announced the company’s ambitious goal of processing one million transactions per second by 2024.

Improvements such as the Unified Trading Account with new features such as Perp Protect and customizable collateral underlined Bybit’s commitment to offering a reliable and user-friendly trading environment.

In the area of services for financial institutions, Bybit recorded remarkable growth with a 182% increase in institutional partnerships. By integrating spot trading into portfolio margin, Bybit has increased capital efficiency for its clients’ trading strategies. Additionally, the company showcased its capabilities in innovative trading solutions through offerings such as copy trading, AI-powered trading tools and the launch of new structured products and wealth management products.

“Our journey has just begun,” said Ben Zhou. “We are not only building an exchange here, but also a gateway to the crypto and Web3 space. Our plans for 2024 and beyond are ambitious and aim to strengthen simplicity, Openness and equality in the area of decentralization.”

Bybit’s Crypto Ark keynote was an affirmation of the company’s unwavering determination to lead the crypto industry and become the Crypto Ark of the world. Looking ahead to 2024, the crypto community can expect more groundbreaking innovations and inclusive experiences that solidify Bybit’s position as a leading player in the future of the industry.

Watch the keynote here.

#Bybit / #TheCryptoArk

Information about Bybit

Bybit is one of the three largest cryptocurrency exchanges in terms of volume and had 20 million users in 2018. The company provides a professional platform where crypto investors and traders find an ultra-fast matching engine, 24/7 customer service and multilingual community support. Bybit is a proud partner of the reigning Formula 1 constructor and driver champions: the Oracle Red Bull Racing Team.

For more information about Bybit please visit Bybit Presse.