Bybit CEO Ben Zhou Emphasizes Institutional Role in Crypto Market Growth at Blockchain Life 2024 Dubai

In a panel discussion at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou underscored the preparedness and sophistication of modern cryptocurrency exchanges (CEXs). Co-founding Bybit in 2018, Zhou now leads one of the world’s top three exchanges in terms of trading volume.

Zhou highlighted the pivotal role of institutions in propelling the current crypto bull market. He noted a substantial 186% increase in institutional capital flows last year, attributing this surge to strategic partnerships with third-party custodians like Copper and Fireblocks. Furthermore, Zhou credited the enhanced infrastructure and the approval of Bitcoin spot ETFs for facilitating institutional participation in the crypto sphere.

Bybit has undergone significant enhancements under Zhou’s leadership since the previous crypto bull run in 2021. These upgrades have empowered institutional investors to deploy larger capital reserves effectively. Zhou emphasized the flexibility of Bybit’s trading system, enabling institutional clients to engage in diverse trading strategies such as spread trades and arbitrage funding rates. This versatility has facilitated the influx of new capital streams into the crypto market.

Moreover, Zhou lauded Bybit’s improved service reliability amid market fluctuations, attributing this resilience to robust risk management protocols and system upgrades. This unwavering stability has benefitted both institutional investors and Bybit’s extensive base of 25 million retail traders.

Bybit has introduced innovative products to cater to the evolving needs of retail clients, including the “perpetual protect” feature that leverages options contracts to safeguard positions from potential losses. The platform’s Unified Trading Account (UTA) design further empowers traders by simplifying complex financial instruments and making them more accessible to a broader audience.

As the cryptocurrency landscape matures, Bybit continues to lead the industry by aligning with market trends and regulatory frameworks. This proactive stance not only signifies a significant milestone for Bybit but also underscores the broader advancements within the crypto exchange sector.

About Bybit

Bybit, boasting 25 million users, ranks among the top three cryptocurrency exchanges globally in terms of trading volume. Established in 2018, Bybit provides a professional trading platform renowned for its ultra-fast matching engine, round-the-clock customer service, and multilingual community support. Notably, Bybit proudly partners with the Oracle Red Bull Racing team, the reigning Constructors’ and Drivers’ champions in Formula One.

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