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Bybit Expands Beyond Crypto as CEO Outlines Next Phase of Financial Platform
The crypto exchange is adding stock trading, tokenized IPO access and payments products as it broadens into a wider financial platform.
- On October 13, Bybit CEO Ben Zhou outlined the company's expansion from a crypto exchange into The New Financial Platform, highlighting new products and collaborations across traditional and digital markets.
- Four years after entering TradFi with CFDs in 2022, Bybit established itself as the largest crypto CFD platform, with trading volume reaching as much as $100 billion at its peak.
- Expanding into traditional markets on October 12, Bybit launched stock trading for eligible Users, providing access to more than 1,000 U.S. stocks and ETFs using USDC, with fractional shares and 24/5 access.
- Bybit has issued more than 4 million Bybit Cards, extending the Platform into payments, while securing five new licenses and intercepting more than 30,000 suspicious withdrawal requests, protecting Users from more than $700 million in potential losses.
- In collaboration with Mantle, Bybit is developing tokenized stock products backed 1:1 by real stocks, alongside new AI-powered services designed to integrate traditional and digital financial ecosystems beyond current instruments.
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Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
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