Bybit Achieves Major Milestone with 70 Million Users While Upholding High Standards

Bybit Surpasses 70 Million Registered Users

In a significant development for the cryptocurrency industry, Bybit, the world's second-largest cryptocurrency exchange by trading volume, has achieved an impressive milestone of surpassing 70 million registered users. This achievement not only emphasizes Bybit's global reach but also reflects the increasing trust placed in the platform by both retail and institutional clients.

Commitment to Transparency and Security

Ben Zhou, co-founder and CEO of Bybit, addressed this landmark achievement saying, "Reaching 70 million users is more than a number—it's a testament to the trust our global community places in us." He added that Bybit remains steadfast in its commitment to compliance, security, and user-centric innovation to cater to both novice traders and major financial institutions alike.

Global Compliance and Regulatory Initiatives

Bybit is actively expanding its compliance framework and is engaged with regulators worldwide. Notably, the platform recently had strategic discussions with Vietnam's Ministry of Finance, contributing valuable expertise to the country's regulatory sandbox initiative. This development underscores Bybit's proactive approach to regulatory alignment and operational transparency, which are critical in building trust with users.

In addition to Vietnam, Bybit has made significant strides in key markets, including the United Arab Emirates, showcasing its dedication to adhering to local regulations while supporting its global user base.

Growth Among Institutional Clients

The exchange has recently reported rapid growth among its institutional client segment, attributed to its high-performance trading infrastructure and advanced risk management systems. A notable step in this direction is Bybit's integration with Zodia Custody, a prominent provider of institutional-grade custody solutions, which enhances the platform's appeal to sophisticated investors seeking robust and compliant offerings.

Leading in Web3 Innovation

Bybit is at the forefront of Web3 development, simplifying crypto transactions for users. The launch of the Bybit Card, adopted by nearly 2 million users, allows for everyday spending using cryptocurrencies. Additionally, Bybit Pay has streamlined both on-chain and off-chain transactions for users and merchants, indicating the platform's intent to provide comprehensive solutions for the evolving financial landscape.

Bybit is also integrating artificial intelligence to improve various user services. Its in-house AI analytics tool, CryptoLens, provides users with insights into token fundamentals and market trends. The AI agent, TradeGPT, assists traders by summarizing rapid price action and conducting technical analysis. Furthermore, an AI Support Agent has been implemented to enhance customer service efficiency, reflecting Bybit's commitment to an excellent user experience.

Bridging Traditional Finance and Digital Assets

Bybit promotes itself as a trusted bridge from traditional finance to the burgeoning world of Web3. With its intuitive product offerings and innovative technology solutions, Bybit empowers users of all expertise levels to navigate the complexities of digital assets confidently. "We're building the infrastructure for the next era of finance," Zhou emphasized, underscoring the importance of regulation, professionalism, and a user-first approach in creating a secure and inclusive financial future.

In summary, Bybit's achievement of reaching over 70 million users marks a significant milestone in the cryptocurrency exchange landscape. As it continues to innovate and collaborate with regulatory bodies, the platform reinforces its position as a leader in the cryptocurrency space, paving the way for the future of digital finance.