Ben Zhou, the CEO and co-founder of Bybit, outlined the future of the cryptocurrency business in his keynote speech after the exchange increased its spot market share by eight times in 2023.
Bybit’s noteworthy achievements and future goals were highlighted during the CryptoArk Keynote, demonstrating the company’s steadfast dedication to growing the digital asset market. Ben discussed the accomplishments of Bybit, which include growing to over 20 million users, introducing 93 new products, facilitating 96 chains for deposits and withdrawals, and becoming the third-biggest derivatives exchange.
Bybit’s growth into the UAE, South Africa, and the Netherlands further demonstrated its dedication to compliance and solidified its standing as a reliable, international cryptocurrency platform. The company’s emphasis on improving platform stability and user experience was emphasized throughout the talk.
Despite market volatility, the business tripled its transaction volume capacity and maintained a 99% uptime rate. Additionally, Ben revealed its audacious plan to process one million transactions per second by 2024.
Upgrades such as the Unified Trading Account, which now includes Perp Protect and customisable collateral assets, demonstrated Bybit’s commitment to provide a stable and intuitive trading environment.
Bybit showed impressive development in the institutional services space, with an 182% rise in institutional collaborations. Through the incorporation of spot trading into portfolio margin, Bybit has increased the capital efficiency of trading methods for its customers. The business also demonstrated its expertise in cutting-edge trading solutions with the launch of new structured and wealth management products, copy trading, and AI-powered trading tools.
Ben stated:
“Our journey is just beginning. We’re not just building an exchange; we’re building a gateway to crypto and Web3 space. Our plans for 2024 and beyond are bold, aimed at fostering simplicity, openness, and equality in the decentralized realm.”
Bybit reaffirmed its commitment to leading the cryptocurrency sector and emerging as the global Crypto Ark at its Crypto Ark Keynote. Bybit anticipates that 2024 will provide even more innovative developments and inclusive experiences that will further establish Bybit’s standing as a major force in the future of the cryptocurrency space.
Visit this link to see the Keynote.
