The world-famous Bybit recently celebrated its five-year anniversary. Bybit is a crypto exchange specializing in derivatives trading and is known for its fast trade processing. The popular exchange announces on its birthday that it has reached the important milestone of no less than 20 million active users.
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The CEO describes Bybit as the crypto ark of the industry
This places the Singapore crypto exchange at the forefront of the crypto industry. Ben Zhou, director of Bybit, believes that the trading platform’s focus on security and effectiveness ensures a strong following.
“Bybit has proven to be a secure and highly effective crypto hub. Reaching 20 million registered users is not just a number for us; “It represents the trust and enthusiasm of a community that believes in the potential of crypto and trusts Bybit as their platform of choice,” Zhou said.
He emphasizes that the trading platform’s customer-friendly environment provides easy access to the next generation of the Internet.
“We are more than just a trading platform; We are the crypto ark and a gateway to Web3: the next generation of the Internet.”
Trading bots and important licenses drive growth
There appear to be two main reasons for the Bybit exchange’s remarkable growth.
Driven the introduction of artificial intelligence (AI). Trading bots appears to be contributing to a thriving “copy trading” community on the stock market. This feature allows traders to copy the trades and trading plans of experienced and successful traders.
Due to the improved anti-money laundering policy, Bybit has recently received several important trading licenses in different countries. This gave crypto exchanges room to expand into countries such as the United Arab Emirates (UAE), Kazakhstan and Cyprus.
In recent weeks, Bybit has also been at the center of important developments in the crypto industry. The research company CCData has given Bybit an “AA” rating for this.
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