Bybit Soars at CEO’s Keynote: 37 Million Users Strong, Leading the Charge in Web3 Evolution

[PRESS RELEASE – Dubai, United Arab Emirates, July 22nd, 2024]

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is celebrating explosive growth alongside 37 million loyal users. In a rousing biannual keynote address, Bybit CEO Ben Zhou unveiled the exchange’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,” Ben said. “The Bybit goal is to bridge the gap between self-custody, decentralized Bybit Wallet, and the centralized exchange (CEX). We want to provide the CEX look and feel, and service but allow our users to explore Web3 in a decentralized way.”

Riding the Crypto Wave with Unmatched Growth

Bybit is experiencing growth. The exchange has secured its position as the world’s #2 Spot crypto market and #3 Derivatives market (by trading volume), solidifying its leadership in the industry. This phenomenal growth is further amplified by a thriving VIP program boasting over 90,000 satisfied members who enjoy exclusive perks and dedicated offline events.

Championing User Experience and Security

Bybit goes beyond numbers; their focus is on empowering users through innovation. Their innovative Bybit Web3 service bridges the gap between self-custody, decentralized Bybit Wallet, and the familiar convenience of a centralized exchange. This translates to a seamless user experience while granting the freedom to explore the exciting world of Web3.

Further solidifying their commitment to user education, in the first half of 2024 (H1), Bybit hosted a phenomenal 24 livestream sessions garnering 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 the Future Combo Trading Bot – all designed to equip newcomers with the knowledge and confidence to navigate the crypto landscape with ease.

Security remains paramount in Web3, and Bybit takes it seriously. They’ve implemented a robust suite of advanced risk control measures, including features like one-click account freeze, biometric and Telegram notifications, and cutting-edge AI-powered live face and virtual camera detection to ensure the safety and security of user’s 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 submitted in other key jurisdictions, Bybit is demonstrating its dedication to regulatory compliance.

The Bybit Card continues to break new ground, recently launching in Argentina. This revolutionary card seamlessly integrates with Google and Apple Pay, allowing users to spend their crypto anywhere Mastercard 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 Future Powered by Crypto

Bybit is steadfast in its mission to make crypto accessible and beneficial for everyone. With a focus on regulatory compliance, cutting-edge Web3 services, and unparalleled user engagement programs, Bybit is leading the charge towards a future brimming with the transformative power of crypto.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.