Institutional Inflows Surge 186% on Bybit, CEO Ben Zhou Shares Insights

At the Blockchain Life 2024 conference in Dubai, Bybit CEO Ben Zhou emphasized the pivotal role of institutional investors in propelling the ongoing cryptocurrency bull market. Bybit, founded by Zhou in 2018, has risen to become one of the world’s top three exchanges by trading volume. Zhou shed light on the growing institutional interest in cryptocurrencies, stating, “From Bybit’s perspective, this bull market so far has been driven by institutions.”

He revealed that since teaming up with third-party custodians such as Copper and Fireblocks, institutional capital inflows surged by 186% last year. Improved infrastructure and the approval of Bitcoin spot ETFs have been instrumental in facilitating institutional entry into the crypto market. Bybit has undergone significant upgrades under Zhou’s leadership since the 2021 crypto bull run, enhancing its capacity to accommodate larger capital allocations from institutional investors.

“Bybit has a very fluid trading system where you can use any token to trade anything,” Zhou said during his live presentation on the main stage. He added, “So Bybit’s institutional clients have a lot of tools; they can do spread trades, arbitrage funding rates, and all kinds of sophisticated trading. Based on this, we can support new capital flows we haven’t seen before in crypto.”

Leading the Way in Crypto Exchange Evolution

Zhou also highlighted the advancements in Bybit’s service reliability, even in the face of market volatility. “Our risk management and system resilience has been continuously improved. Even during volatile markets, Bybit remains very steady,” he affirmed. This stability underscores the robust infrastructure that caters to both institutional investors and Bybit’s expansive user base of 25 million retail investors.

Bybit has introduced innovative products aimed at simplifying complex trading strategies for retail clients. “We have a unique product called perpetual protect. It utilizes options contracts to safeguard perpetual positions from losses. Our advanced UTA (Unified Trading Account) design further empowers traders by giving them an edge in the market,” Zhou elaborated. These offerings make derivatives and options more accessible and comprehensible to a wider audience.

As the cryptocurrency market continues to mature, Bybit remains at the forefront of innovation, aligning its offerings with market trends and regulatory standards. This proactive approach not only signifies a significant achievement for Bybit but also mirrors the overall progress of the crypto exchange industry. Bybit, established in 2018, boasts 25 million users and is renowned for its professional platform featuring an ultra-fast matching engine, 24/7 customer service, and multilingual community support.

The exchange takes pride in its partnership with Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team. The insights shared by Bybit’s CEO at the Blockchain Life 2024 conference highlight the evolving landscape of the crypto market, where institutional involvement and technological advancements are shaping the future of digital asset trading.

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