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Bybit's Leadership at Coinfest Asia 2025

In a recent announcement from Dubai, UAE, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is expanding its influence in Southeast Asia through active participation in Coinfest Asia 2025. Under the guidance of CEO Ben Zhou, the company is making significant strides in fostering cryptocurrency adoption in Indonesia, a nation likened to a bustling hub for digital assets.

Ben Zhou took the spotlight during a fiery discussion, emphasizing Indonesia's crucial role in the global crypto movement. His remarks outlined the rapid digital asset adoption among the country’s youth, depicting Indonesia as one of the most vibrant and promising crypto markets globally. Zhou remarked, “Indonesia demonstrates how a blend of education, youth engagement, and proactive regulations can foster a thriving cryptocurrency ecosystem. Bybit is dedicated to supporting this journey by offering safe, transparent, and innovative trading experiences.”

Moreover, Zhou discussed the emerging trend of real-world asset (RWA) tokenization, revealing that the total value locked in tokenized assets surged to $65 billion in 2025—an immense leap from previous years. The CEO highlighted that implementing real-world applications is rising on Bybit's agenda, looking beyond mere speculation towards tangible use cases such as asset tokenization and comprehensive ecosystem development. However, he advised that this transformative potential requires careful execution and regulatory alignment.

Exclusive Event: Bybit x Tether Gathering in Bali

In conjunction with the conference, Bybit organized a special after-hours event called “After Sunset”, in partnership with Tether APAC. This exclusive gathering attracted Bybit's VIP clientele, Indonesian regulatory representatives, and key opinion leaders for meaningful discussions aimed at advancing crypto adoption within Indonesia.

Amidst his opening comments, Zhou reflected on the acceleration of crypto participation in Indonesia and acknowledged the supportive regulatory landscape. He proclaimed, “Regulation is not a barrier but a foundational element for sustainable growth. The financial authorities have provided essential clarity and infrastructure for the industry, establishing a model that could serve as a guiding template for the global crypto economy.”

Eddy Christian Ng, Tether’s representative for the APAC region, joined Zhou to discuss the significance of stablecoins in boosting financial access and inclusivity in emerging markets. He reaffirmed Tether’s ongoing collaboration with Bybit to enhance digital asset education and its widespread adoption.

The evening featured a thought-provoking panel discussion titled “The Bull Market and The Future of Crypto in Asia: Insights from Bybit and Tether,” moderated by Robert Harianto. The panel brought together Zhou, Ng, and Lawrence Samantha—the co-founder and CEO of NOBI Group, which is a local partner of Bybit in Indonesia. They explored essential themes such as trust, education, and strategic partnerships as building blocks for Indonesia’s crypto future.

About Bybit

As the second largest cryptocurrency exchange based on trading volume, Bybit has amassed a global community of over 70 million users since its establishment in 2018. Bybit aims to redefine transparency and openness within the decentralized ecosystem, creating a simpler and fair environment for all participants. With a robust commitment to Web3 technologies, Bybit strategically aligns with leading blockchain protocols to foster innovation and enhance on-chain effectiveness. Notable for its secure custodial services and intuitive interface, Bybit is poised to bridge the gap between traditional finance and decentralized finance (DeFi). Discover more about the future of DeFi at Bybit.com.