Bybit CEO Unveils Fiat Integration and Regulatory Achievements in Keynote Speech

Editorial Desk
By Editorial Desk 3 Min Read

In an exclusive keynote address today, Ben Zhou, the co-founder and CEO of Bybit, one of the world’s leading crypto exchanges, unveiled several groundbreaking announcements.

Focusing on regulatory achievements, user-friendly features, and seamless fiat integrations, Zhou’s speech shed light on Bybit’s continued commitment to innovation and accessibility.

Among the key highlights of the address was Bybit’s dedication to user education and onboarding.

Bybit aims to provide a seamless experience for users, offering a wide range of services such as fiat transactions, peer-to-peer (P2P) services, demo trading, copy trading, Bybit Earn, and AI-powered trading bots.

These user-friendly features cater to both novice and experienced traders, enhancing their trading experience and promoting financial inclusivity.

One of the most significant announcements was the launch of Bybit’s P2P service, which boasts a network of over 28,000 trusted vendors worldwide.

This service allows for seamless fiat-to-crypto and crypto-to-fiat exchanges in more than 570 methods and supports over 50 local currencies. With an impressive 99.9% anti-fraud record, Bybit ensures the safety and security of its users, further enhancing the reputation and trustworthiness of the exchange.

Zhou also revealed plans to integrate Bybit’s savings products with the Bybit Card, providing users with the opportunity to earn a flexible yield while utilizing the card for everyday spending.

By expanding its debit card services beyond Europe and the UK, Bybit aims to support different regions and improve accessibility for its users worldwide.

In terms of regulatory compliance, Bybit has made significant progress in the past six months. The exchange has obtained licenses in Kazakhstan and Cyprus, expanding its reach and demonstrating its commitment to operating within regulated frameworks.

Looking ahead, Bybit anticipates securing further approvals from the United Arab Emirates (UAE) following its Minimal Viable Product license, reinforcing its position as a trusted and compliant exchange.

Addressing professional traders, Zhou unveiled the Unified Trading Account (UTA), a feature that enhances trading across spot, derivatives, options, and loan markets.

The UTA offers different modes to cater to the diverse needs of traders, including normal margin mode, cross mode, and portfolio mode.

Bybit’s commitment to versatility and functionality positions it as a preferred choice for professional traders seeking comprehensive trading experience.

Zhou concluded his address by inviting all traders to participate in the upcoming World Series of Trading competition, scheduled for August 2023.

This highly anticipated event will bring next-level opportunities to Bybit’s 15 million users, further solidifying the exchange’s commitment to engaging its community and fostering a dynamic trading ecosystem.

With these groundbreaking announcements, Bybit is cementing its position as a leading crypto exchange, focused on user-friendly features, seamless fiat integrations, and regulatory compliance.

As the crypto landscape continues to evolve, Bybit remains at the forefront, empowering users and driving innovation in the industry.

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