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Bybit CEO: “Institutions Drive Today’s Crypto Bull Market”
DUBAI, United Arab Emirates, April 16, 2024 /PRNewswire/ — In a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou highlighted the readiness and sophistication of today’s cryptocurrency exchanges (CEX) . Zhou co-founded Bybit in 2018 and today it is one of the top three exchanges in the world by volume.
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – Al Blockchain Life 2024 Dubai
During the conversation, Zhou delved into several aspects that highlight this era of cryptographic maturity. “From Bybit’s perspective, this bull market so far has been led by institutions… Since we partnered with third-party custodians like Copper and Fireblocks, institutional capital flows increased 186% last year.” Zhou highlighted that improved infrastructure and the approval of spot Bitcoin ETFs have played a crucial role in supporting institutional entry into the cryptocurrency market.
Zhou has overseen meticulous upgrades at Bybit since the last cryptocurrency bull run in 2021, which allowed institutional investors to deploy deeper capital pools. “Bybit has a very smooth trading system where you can use any token to trade anything,” said Zhou, speaking live on the main stage. “So Bybit’s institutional clients have many tools; they can do spread trades, funding rate arbitrage and all kinds of sophisticated trading. Based on this, we can support new capital flows that we have never seen before in the securities industry. cryptocurrencies.”
The CEO of Bybit also underlined the evolution of the reliability of the service in a context of market volatility. “Our risk management and system resilience have been continuously improved,” Zhou said. “Even during volatile markets, Bybit remains very stable.” This stability is a testament to the sophisticated infrastructure, which supports both institutional investors and the exchange’s 25 million retail investors.
Zhou noted that Bybit’s retail customers can now access products that demystify sophisticated strategies. “We have a unique product called perpetual protection. It uses options contracts to safeguard perpetual positions from losses. Our advanced UTA (Unified Trading Account) design further empowers traders by giving them an edge in the market,” she explained. This product simplifies derivatives and options, making complex financial instruments accessible and understandable to a wider audience.
As the cryptocurrency market matures, Bybit remains at the forefront, supporting innovations that align with both market trends and regulatory standards. This preparation not only marks a significant milestone for Bybit, but also highlights the overall progress of the cryptocurrency exchange industry.
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the top three cryptocurrency exchanges in the world by trading volume with 25 million users. Founded in 2018, it offers a professional platform where cryptocurrency investors and traders can 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.
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