Dubai, UAE, March 25, 2024 (ots/PRNewswire) – Bybit, one of the top three largest crypto exchanges in the world by volume, is pleased to share key insights shared by its co-founder and CEO, Ben Zhou, while participating in a keynote session at DACOM Singapore 2024. Zhou discussed Bybit’s strategic focus on user experience, commitment to market integrity, and proactive collaboration with regulators amid the evolving cryptocurrency industry landscape.
Eliminate misunderstandings and promote understanding
Zhou addressed common misconceptions surrounding decentralized finance (DeFi) and its relationship to traditional financial systems. He highlighted the industry’s efforts to bridge the gap and work with regulators, emphasizing the value proposition of cryptocurrencies as a choice, especially for regions where traditional financial infrastructures are struggling.
Navigating the regulatory terrain
Zhou reiterated Bybit’s proactive stance towards the regulator and emphasized the importance of constructive dialogue and compliance with various legal frameworks. He emphasized the importance of maintaining market integrity and preventing manipulative practices, especially given that Bybit focuses on serving institutional clients.
Institutional adaptability and industry outlook
Zhou provided insights into the future development of the industry, predicting a further increase in institutional investor participation and a growing trend of self-custody among retail investors. He emphasized the importance of flexible decision-making and adaptability to navigate the dynamic landscape and underscored Bybit’s commitment to evolve with market demands.
Hybrid solutions and interoperability in DeFi
Highlighting the dynamic development of decentralized finance, Zhou explained: “The landscape is not only defined by complete decentralization or complete centralization. Rather, there is a diverse spectrum of hybrid DeFi models.” He underlined the industry’s development towards networking and interoperability and emphasized that hybrid solutions play a central role in bridging conventional and decentralized financial systems.
Joint growth initiatives
Zhou reiterated the importance of working with regulators, especially central banks, to ease approval processes and enable innovation in financial services. He acknowledged that working with regulators in different countries is a challenge and stressed that collaboration and compliance are essential to promote the growth and legitimacy of the industry.
Shaping a stable future for cryptocurrencies
Bybit’s participation at DACOM Singapore 2024 is an example of the company’s commitment to improving user experience, addressing regulatory challenges, and driving the continued development of the cryptocurrency ecosystem.
#Bybit / #TheCryptoArk
Information about Bybit
Bybit is one of the three largest crypto exchanges in the world by trading volume with 25 million users. Founded in 2018, it offers a professional platform where crypto investors and traders find an ultra-fast matching engine, 24/7 customer service and multilingual community support. Bybit is a proud partner of the reigning Formula 1 constructor and driver champions: the Oracle Red Bull Racing Team.
For more information about Bybit please visit Bybit Presse.
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