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Bybit’s CEO and Co-founder, Ben Zhou, delivered a keynote address at mid-year, boldly outlining the exchange’s future course of action. In his highly anticipated speech, “Reshaping What’s Next,” Bybit has set its sights on rewriting crypto success by redefining what it means to be successful in this rapidly evolving space.
Zhou emphasized that cryptocurrency is no longer solely about speculation, but rather real-world application. He reaffirmed the company’s mission to provide a compliant-first approach as a foundation for future growth. The CEO highlighted compliance as an enabler, not a barrier, stressing that “sustainability in crypto begins with trust and transparency.”
Bybit has achieved significant milestones since its inception in 2018. With over 74 million users worldwide, the exchange has demonstrated resilience during one of the most turbulent periods in cryptocurrency history.
In his keynote address, Zhou reiterated Bybit’s commitment to security. The company successfully rewrote the industry standard for security following a multi-stage attack on one of its vendors in February. This hack was the largest known incident in crypto history, but Bybit’s swift response ensured no compromise of user data or assets.
The exchange has also set new benchmarks by implementing over 50 enhanced safeguards and conducting nine extensive audits conducted by both internal and external experts. With this bold security overhaul, Bybit has solidified its position as a leader in the space.
Zhou also emphasized the importance of trading excellence, backed by infrastructure upgrades. The upgraded matching engine now handles 3.5 million transactions per second, processing nearly 200 billion daily orders – an astonishing 75% year-over-year increase from the previous period. Furthermore, Bybit’s Rapid Price Improvement (RPI) mechanism has been extended to perpetual contracts, resulting in a 150% boost in liquidity and a 5x improvement in execution across retail and VIP accounts.
The company is also poised to reshape the landscape of cryptocurrency wealth management with its newly launched platform. This innovative offering has exceeded $150 million in assets under management, providing curated portfolios and strategic services tailored to sophisticated investors – all underpinned by Bybit’s trading depth and robust security infrastructure.
Another groundbreaking development was announced during the keynote: the rebranding of the popular card, which is now a crypto-native business card that seamlessly integrates into both corporate and consumer spending. This enhanced product will be supported by Visa and Mastercard networks, boasting advanced security features and real-time expense tracking capabilities. The Bybit Card is expected to expand its operations in Europe and Latin America.
Moreover, the company’s payments infrastructure has made tremendous strides, as Bybit now supports nationwide QR payments in Southeast Asia and LATAM, resulting in a staggering 719% quarter-over-quarter increase in usage. Bybit is on the cusp of making cryptocurrency as accessible as cash.
Zhou concluded by introducing Bybit Lite, an upgraded unified platform that streamlines both active trading and passive income generation. The revamped Earn section offers personalized strategies and simplified methods to activate idle capital.
Source: usethebitcoin.com
