The founder and CEO of the world’s third largest most visited crypto exchange, Bybit, Ben Zhou has announced the introduction of innovative user-friendly features offering seamless fiat integrations within the ByBit platform.
Zhou highlighted Bybit’s dedication to new user education and onboarding, offering services such as fiat transactions, peer-to-peer (P2P) services, demo trading, copy trading, Bybit Earn, and AI-powered trading bots.
Bybit’s P2P service, boasting over 28,000 trusted vendors globally, facilitates seamless fiat-to-crypto and crypto-to-fiat exchanges in more than 570 methods and supports over 50 local currencies. With a remarkable 99.9% anti-fraud record, Bybit ensures user safety.
Zhou revealed that Bybit will be integrating its savings products with the Bybit Card, enabling users to earn a flexible yield while utilizing the card for spending. Bybit is committed to improving accessibility and supporting different regions, gradually expanding its debit card services beyond Europe and the UK, Zhou said.
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In the past six months, Bybit has made substantial progress in regulatory compliance, Zhou said. The exchange obtained licenses in Kazakhstan and Cyprus, expanding its reach and demonstrating its commitment to operating within regulated frameworks. The company also shared its anticipation of securing further approvals from the United Arab Emirates (UAE) following its Minimal Viable Product license.
For professional traders, Bybit offers a Unified Trading Account (UTA) which enhances trading across spot, derivatives and options, and loan markets. UTA also includes normal margin mode as well as cross and portfolio modes to serve different customer needs.
Zhou concluded his speech by highlighting the most exciting World Series of Trading competition, which is scheduled for August 2023. This distinguished campaign will bring next-level opportunities to Bybit’s 15 million users and Zhou encouraged everyone to come and be part of the event.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry