Bybit, the second-biggest cryptocurrency exchange globally based on trading volume, has achieved a significant milestone with over 50 million registered users globally.
This accomplishment confirms Bybit’s position as the platform of choice for millions of cryptocurrency enthusiasts and traders worldwide and highlights the company’s explosive expansion.
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Bybit has strengthened its global compliance efforts with notable progress.
The platform has fostered cooperative connections and ensured compliance with regulatory norms by actively engaging with local authorities in important areas, including Kazakhstan, Dubai, the Netherlands, and Turkey. These initiatives highlight Bybit’s dedication to conducting business ethically and responsibly.
Bybit’s Web3 team has increased integration to more than 130 million wallet addresses across 30+ chains, showcasing its dedication to decentralized ecosystems. Bybit’s DEX Wave will participate in the forthcoming World Series of Trading, with over 100 partners giving over one million decentralised tokens to traders.
Moreover, Bybit has also promoted community interaction through its popular livestream events.
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By GlobalDataThese interactive workshops provide participants with useful insights into trading tactics, market trends, and the growing cryptocurrency ecosystem. By delivering instructional content and establishing a sense of community, Bybit has improved the user experience and encouraged development.
Ben Zhou, co-founder, and CEO of Bybit, said: “Reaching 50 million users represents the trust and enthusiasm of our community. We are grateful for the overwhelming support we have received and remain committed to delivering innovative solutions that enhance our users’ trading experiences. Our Web3 team’s achievements and our ongoing commitment to global compliance demonstrate our dedication to fostering a secure and reliable trading environment.”
In terms of cryptocurrency, Coincover, a blockchain security company, has partnered with VirgoCX and Netcoins, two of Canada’s notable cryptocurrency trading platforms.
The collaboration’s goal is to give client assets the best possible security.
Also, the modern security solution from Coincover, tailored particularly for the cryptocurrency business, will help VirgoCX and Netcoins.
