Bybit's User Base Surges 70 Million, Expands Institutional Services
1min read Bybit, a prominent cryptocurrency exchange, has announced that its registered user base has surpassed 70 million. This achievement underscores the platform's expanding global footprint, which includes both retail and institutional clients. The company's Co-Founder and CEO emphasized the commitment to enhancing compliance efforts, optimizing institutional-grade infrastructure, and driving user-centric innovation.
Ask Aime: What's the outlook for cryptocurrency exchanges with over 70 million users?
In the realm of global compliance, Bybit is actively engaging with regulatory authorities worldwide. Recent efforts include discussions with the Vietnamese Ministry of Finance and participation in the local regulatory sandbox program. Additionally, Bybit has made significant strides in key jurisdictions such as the UAE, focusing on enhancing platform transparency and regulatory adherence.
Bybit is also accelerating the expansion of its institutional services. The exchange has recently formed an integration partnership with Zodia Custody, an institutional-grade custodian, to bolster its service capabilities and attract more professional clients. This move is part of Bybit's broader strategy to cater to the growing demand for institutional-grade cryptocurrency services.
Furthermore, Bybit is actively promoting the implementation of Web3 application scenarios. Nearly 2 million users are already utilizing the platform's cryptocurrency card for everyday payments, demonstrating the practical use of blockchain technology in daily transactions. Additionally, Bybit has launched in-house AI tools such as CryptoLens and TradeGPT, which provide users with market insights and improve trading decision efficiency. These tools are designed to enhance the user experience and make cryptocurrency trading more accessible and efficient.
