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DUBAI, UAE, Jan. 12, 2024 /PRNewswire/ — After increasing its spot market share eightfold by 2023, Bybit Co-Founder and CEO Ben Zhou illuminated the path for the crypto industry in his opening speech.

CryptoArk’s presentation was a showcase of Bybit’s significant advancements and future plans, a testament to the company’s unwavering commitment to advancing the digital asset industry. Ben shared Bybit’s achievements, including reaching over 20 million users, launching 93 new products, supporting 96 deposit and withdrawal chains, and becoming the third largest derivatives exchange.

Additionally, Bybit’s commitment to compliance was evident with its expansion into the United Arab Emirates, South Africa, and the Netherlands, strengthening its position as a trusted global crypto platform. The keynote highlighted the company’s focus on improving user experience and platform stability.

The company tripled its trading volume capacity and achieved 99% uptime even amid market volatility. Ben also announced his ambitious goal of handling 1 million transactions per second by 2024.

Enhancements such as the Unified Trading Account with newly added features such as Perp Protect and customizable collateral assets underlined Bybit’s dedication to providing a robust and easy-to-use trading environment.

In the institutional services space, Bybit demonstrated notable growth with a 182% increase in institutional partnerships. By integrating spot trading into the portfolio margin, Bybit has amplified capital efficiency for clients’ trading strategies. The company also showcased its prowess in innovative trading solutions such as Copy Trading, AI-powered trading tools and the introduction of new structured and wealth management products.

“Our journey is just beginning,” Ben said. “We’re not just building an exchange; we’re building a gateway to the crypto and Web3 space. Our plans for 2024 and beyond are bold and aim to foster simplicity, openness and equality in the decentralized realm.”

Bybit’s Crypto Ark keynote was a statement of the company’s unwavering dedication to leading the crypto industry and becoming the Crypto Ark of the world. As Bybit looks ahead to 2024, the crypto community can expect more groundbreaking innovations and inclusive experiences, solidifying Bybit’s position as a leading player in the industry’s future.

Watch the keynote here.

About Bybit

Bybit is one of the top three cryptocurrency exchanges by volume with 20 million users established in 2018. It offers a professional platform where cryptocurrency investors and traders can find a lightning-fast comparison engine, 24/7 customer service per week and multilingual community support. Bybit is a proud partner of the reigning Formula One constructor and driver champions: the Oracle Red Bull Racing team.

For more details on Bybit, visit Bybit Press.For media inquiries, please contact: media@bybit.com For more information, visit: https://www.bybit.com For updates, follow: Bybit’s Communities and Social Half

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