Bybit is one of the world’s most prominent crypto trading platforms and was founded in 2018 by Ben Zhou. Ben has seven years of Forex experience before he launched Bybit and made it into a powerful platform that caters to the needs of millions of users.
We recently got the chance to have a chat with Bybit CEO Ben Zhou and in our exclusive interview, we discussed how Bybit is doing, considering the bear market and some recent decisions made by the platform. The impact of the bear market and the collapse of FTX on the overall crypto space has been quite obvious. To tackle the ripple effects of the FTX event, Bybit plans on releasing its version of Proof of Reserves.
Ben also shared his thoughts on some big trends he sees coming in the crypto space in 2023 and Bitcoin’s price movement, which is anticipated to spiral downwards a bit more before surging again.
Another important and exciting element discussed in the exclusive interview was moving Bybit to decentralization, especially after the FTX incident.
According to Zhou, this can be a slow transition since there are a few things to improve for decentralized exchanges such as the speed of transactions.
Moving on to even more intriguing elements, the Bybit CEO also shared his thoughts on BitDAO, which is a project supported by the exchange. Ben Zhou believes that Web3 is the future of crypto and this could be one of the ways to tap into Web3 services and incorporate them into the services they offer to their users.
You can also check out our interview with Bybit CEO Ben Zhou in detail below.
To learn more about this popular crypto trading platform you can read our detailed Bybit review.
If you are looking to leverage trade Bitcoin up to 100x, sign-up on Bybit today. You can also use this link to claim a bonus on your first deposit.
