37 Million Users Strong: Leading the Charge in Web3 Evolution

Dubai, United Arab Emirates, July 22nd, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is celebrating significant growth with a loyal user base of 37 million. During a recent keynote address, Bybit’s CEO Ben Zhou shared the exchange’s impressive accomplishments and its ambitious vision for the future, which is driven by the passionate support of its global community.

Ben Zhou emphasized the company’s upcoming Web3 service, stating, “The industry is heading towards Web3. The Bybit goal is to bridge the gap between self-custody, decentralized wallets, and centralized exchanges. We aim to provide the user experience of a centralized exchange while allowing our users to explore Web3 in a decentralized manner."

Surging Ahead in the Crypto Landscape
Bybit has firmly established itself as the second-largest spot crypto market and third-largest derivatives market globally, reinforcing its leadership position. This rapid growth is further complemented by a flourishing VIP program with over 90,000 active members who benefit from exclusive advantages and personalized offline events.

Prioritizing User Experience and Security
Beyond impressive figures, Bybit is dedicated to enhancing the user experience through innovative solutions. Its new Web3 service connects self-custody options and decentralized wallets with the user-friendly features of a centralized exchange, fostering an intuitive experience that enables users to explore the possibilities of Web3.

In the first half of 2024, Bybit hosted an impressive 24 livestream sessions attracting over 30 million views, providing a platform for the Web3 community to learn from industry experts and connect with fellow enthusiasts. The exchange also offers a comprehensive educational program, a free AI assistant, and innovative trading tools designed to empower newcomers in the crypto space.

Security is a top priority for Bybit. The exchange has introduced a range of advanced risk management features, including one-click account freeze capabilities, biometric and Telegram notifications, and state-of-the-art AI technology for face and virtual camera detection to safeguard users’ assets.

Global Expansion and the Bybit Card
Bybit is making significant strides toward global growth, with a MiCA license anticipated for Europe and applications submitted in other key jurisdictions, demonstrating its commitment to regulatory compliance.

The Bybit Card, recently launched in Argentina, allows users to seamlessly spend crypto wherever Mastercard is accepted, integrating with both Google Pay and Apple Pay. The card offers multi-asset spending and automatic conversion to local currencies, along with cash back on purchases.

A Future Fueled by Cryptocurrency
Bybit is committed to making cryptocurrency accessible and advantageous for all. With an emphasis on regulatory compliance, innovative Web3 services, and robust user engagement initiatives, Bybit is paving the way for a future empowered by the transformative potential of cryptocurrency.

About Bybit
Bybit is the second-largest cryptocurrency exchange globally by trading volume and serves over 37 million users. Founded in 2018, Bybit offers a professional platform for crypto investors and traders, featuring a high-speed matching engine, round-the-clock customer support, and multilingual community engagement. Bybit is also a proud partner of the reigning Constructors’ and Drivers’ champions in Formula One, the Oracle Red Bull Racing team.

For media inquiries, please contact:
Tony Au
Head of PR, Bybit
Email: [email protected]

This article was originally published on Chainwire.