#USA #Bybit #Dubai #Ben Zhou #Crypto Success

Bybit's Visionary Direction: A New Era in Crypto

In a much-anticipated keynote titled "Reshaping What's Next, Bit by Bit," CEO and Co-founder Ben Zhou of Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a bold roadmap for the future of crypto that emphasizes innovation, security, and real-world utility. As Bybit celebrates over six years of service and a user base of 74 million, Zhou reiterated the company’s mission to redefine success in the evolving cryptocurrency landscape.

"Crypto is no longer just about speculation; it’s about real-world applications," Zhou stated emphatically. "At Bybit, we do not merely trade the future; we strive to reshape what success looks like, bit by bit."

A Compliance-First Approach

Opening the session, Zhou reaffirmed Bybit’s commitment to a compliance-first strategy, an essential pillar as the industry matures. Bybit is now fully compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCAR) and is in the process of securing registration with FIU-India by mid-2025. "Emphasizing compliance is not a barrier; it is a catalyst for long-term growth," stated Zhou, positing trust and transparency as fundamental components of sustainability in the crypto space.

Redefining Security Standards

In response to a sophisticated multi-phase attack on one of its vendors in February—the largest known hack in crypto history—Bybit has successfully rewritten the industry standard for security. Despite their infrastructure remaining unscathed, the company executed nine comprehensive security audits by both internal and independent experts, implementing over 50 enhanced security measures. This transparent and resilient response has garnered praise across the industry and positioned Bybit’s safety review as a new benchmark for platform integrity.

Enhancements in Trading Performance

Bybit continues to lead in performance and reliability, now boasting an improved matching engine capable of processing 3.5 million transactions per second and managing nearly 200 billion orders daily—an impressive 75% increase compared to last year. By extending its Rapid Price Improvement (RPI) mechanism to perpetual contracts, Bybit has achieved 150% greater liquidity and up to five times better execution for both retail and VIP accounts, solidifying its reputation as a premier destination for professional trading.

Elevating Asset Management in Crypto

As institutional and high-net-worth clients increasingly choose Bybit, the new meaning of asset preservation in the digital age becomes evident. The recently launched asset management platform has already reached over $150 million in assets under management. This platform provides curated portfolios and tailored strategic services for advanced investors, all backed by Bybit's trading depth and robust security infrastructure.

Bridging the Gap Between Crypto and Daily Payments

A highlight of Zhou’s presentation was the launch of the Bybit Card—now designed as a crypto-native business card that seamlessly integrates into both business and consumer transactions. Featuring support for Visa and Mastercard networks, alongside smart security functionalities and real-time expense tracking, the Bybit Card aims to bridge the gap between digital assets and everyday spending, with an anticipated roll-out to the EU in August and additional markets to follow.

Introducing Bybit Lite

To cater to casual users, Zhou introduced the enhanced Bybit App, boasting improved functionalities for both active trading and passive income generation. Bybit Lite offers a simplified interface with personalized strategies and efficient ways to utilize idle capital.

Strategic Partnership with Mantle 2.0

A pivotal announcement was Bybit’s intensified strategic collaboration with Mantle, aiming to establish a "bold new chapter in institutional on-chain financing." The launch of Mantle 2.0 coincides with renewed leadership and tighter ecosystem integration, promoting a faster development cycle for decentralized finance by aligning infrastructure, liquidity, and governance.

Conclusion: A New Standard for Crypto Success

Through this keynote, Bybit showcased its commitment not just to platform growth but to redefining success in the crypto industry. Zhou’s message was clear: The next era of cryptocurrency will be defined by platforms that prioritize trust, utility, and genuine innovation. "We believe crypto should be usable, safe, and powerful enough to serve everyone—from novice users to institutional investors," Zhou concluded, advocating for a collective effort to rewrite the rules and reshape the industry for good.

For more insights, check out the full replay of the keynote here.