Bybit Surpasses 70 Million Users, Emphasizes Transparency and Institutional Growth

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a significant milestone, surpassing 70 million registered users. This achievement highlights the platform’s sustained global growth and increasing trust among both retail and institutional clients.

Ben Zhou, co-founder and CEO of Bybit, stated, “Reaching 70 million users is more than a number—it’s a testament to the trust our global community places in us.” He emphasized the company’s focus on compliance, institutional-grade infrastructure, and user-centric innovation to ensure accessibility for all users.

Strengthening Global Compliance and Regulatory Engagement

Bybit continues to expand its global compliance framework by working closely with regulators worldwide. The company recently engaged in strategic discussions with Vietnam’s Ministry of Finance, contributing to the country’s regulatory sandbox initiative by sharing expertise in Know Your Customer (KYC), Anti-Money Laundering (AML), and international best practices.

Additionally, Bybit has made significant progress in major jurisdictions, including the United Arab Emirates, further demonstrating its commitment to regulatory alignment and operational transparency.

Accelerating Institutional Growth

Bybit is experiencing rapid growth among institutional clients, driven by its high-performance trading infrastructure, advanced risk controls, and strategic partnerships. The integration with Zodia Custody, a leading provider of institutional-grade custody and off-venue settlement solutions, reflects Bybit’s ongoing efforts to meet the needs of sophisticated investors with robust, compliant offerings.

Pioneering Web3 Integration and Real-World Utility

Bybit continues to lead in practical Web3 innovation. The Bybit Card, now used by nearly 2 million people, enables everyday crypto spending, while Bybit Pay streamlines on-chain and off-chain transactions for both users and merchants.

In line with its user-first philosophy, Bybit is leveraging artificial intelligence to enhance trading, research, and support services. CryptoLens, an in-house AI analytics tool, offers users deep insights into token fundamentals, community activity, social trends, and tokenomics. TradeGPT, an AI agent trained on Bybit’s proprietary data, provides rapid price action summaries and technical analysis, aiding traders in making informed decisions. An AI Support Agent further enhances customer service by improving response efficiency and user experience across the platform.

Bybit remains committed to its role as a bridge from traditional finance into the world of Web3, empowering users of all levels to navigate and thrive in the digital asset ecosystem.

Why This Matters: Impact, Industry Trends & Expert Insights

Bybit’s milestone of surpassing 70 million registered users underscores its growing influence in the global cryptocurrency market, highlighting its strategic focus on transparency and institutional growth.

Recent industry reports indicate a substantial increase in the global crypto user base, with nearly 40 million more users added in the second half of 2024. This aligns with Bybit’s achievement, demonstrating the broader trend of expanding user bases in cryptocurrency exchanges.

As per insights from Mitrade, experts view Bybit’s institutional growth as a strategic move to attract institutional investors by enhancing custody and liquidity options. This supports Bybit’s efforts to meet the needs of sophisticated investors and highlights its resilience and continued growth in the industry.

Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.