DUBAI, UAE, May 21, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by trading volume, today celebrates a monumental milestone: surpassing 30 million registered users globally. This remarkable achievement comes alongside a period of exceptional growth, solidifying Bybit as a frontrunner in the blockchain industry.

Market Share Soars, User Trust Flourishes

Bybit’s market share in spot trading has skyrocketed from 2% in 2023 to a staggering 9.3% in 2024, a nearly 400% surge according to the latest Kaiko Research quarterly report. This significant leap from the previous year’s 7.3% firmly establishes Bybit as a leader in cryptocurrency exchange.

Bybit attributes this growth to its unwavering commitment to user security and trust. The company prioritizes asset safety through the regular publication of proof-of-reserve audits, ensuring transparency and accountability with user funds. Additionally, Bybit boasts an impeccable security record, with no major breakdowns or hacking incidents since its inception in 2018.

This dedication to security and transparency is further validated by industry recognition. Bybit has received a perfect 10/10 Trust Score from CoinGecko and an ‘AA’ rating in the recent CCData Crypto Exchange Benchmark Report.

“Reaching 30 million registered users is a humbling achievement, and it wouldn’t be possible without the unwavering support of our vibrant global crypto community,” said Ben Zhou, Co-founder and CEO of Bybit. “We are incredibly grateful for their trust and remain committed to providing best-in-class, reliable services tailored to local needs. Bybit actively collaborates with regulators worldwide to ensure compliance and responsible innovation.”

Looking Forward: Bridging the Gap to Web3

Bybit has consistently been at the forefront of Web3 innovation, reshaping how users interact with the blockchain ecosystem through user-centric and engaging platforms. In 2024, we have expanded our suite of offerings with breakthrough solutions like the Airdrop Arcade, NFT Pro, and Inscription Marketplaces.

These platforms are meticulously designed not only to lower entry barriers and simplify the user experience but also to enrich it by curating opportunities to invest in and support a diverse range of promising, trending, and blue-chip tokens and projects. Our most recent Solana Fiesta and Bitcoin economy livestream introduced many Web3-curious individuals to the fast-growing ecosystems and their opportunities.

This curation consistently ensures that our users have access to the most rewarding and reliable opportunities in the Web3 space, making participation not only easier but also more enjoyable through gamification and advanced data intelligence. This commitment extends to the upcoming launch of Bybit Web3 DEX Pro, a cutting-edge decentralized exchange platform powered by revolutionary i-SMART data intelligence technology. This represents Bybit’s commitment to innovation that empowers, providing tools that not only meet but exceed the needs of modern traders and investors.

“Today’s milestone signifies more than just numbers; it’s a testament to our ongoing dedication to revolutionizing the crypto landscape,” emphasized Zhou. “Bybit remains committed to shaping the future of crypto. We will continue to uphold the values of listening, caring, and improving, to serve our 30 million users with the most professional products. Protecting the interests of our clients will be ingrained in all product designs. We envision a world where Web3 empowers every individual, where financial inclusivity is not just a goal but a reality.”

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with over 30 million users. Established in 2018, Bybit offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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LONDON, May 21, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is proud to announce that Chet Shah, Global Chief Risk & Compliance Officer at Wirex, has joined CryptoUK’s newly established Policy Committee.

CryptoUK, the premier trade body representing the UK’s digital asset sector, formed its new Policy Committee which brings together industry-leading experts from the legal, regulatory, and compliance sectors. The committee’s mission is to provide strategic policy guidance, advocate for regulatory clarity, and foster innovation to support the growth of the UK’s digital assets industry.

This appointment underscores Wirex’s commitment to advancing regulatory clarity and innovation in the digital asset sector.

Chet brings a wealth of experience in risk and compliance. His background covers banking, auditing, and traditional finance, as well as solid expertise in the cryptocurrency space. At Wirex, Chet has been crucial in building and improving relationships with global regulators, including the Financial Conduct Authority, and authorities in countries including Singapore, Croatia, and Italy.

Chet’s approach prioritises commercially focused compliance and risk management, ensuring that Wirex operates smoothly at the intersection of traditional finance and Web3. His ability to balance regulatory requirements with innovation has been key to Wirex’s growth and success.

Commenting on his appointment, Chet said, “My experience aligns perfectly with the committee’s goals and together, we can advocate for policies that balance regulation with growth in the digital assets space.”

About Wirex 

Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management.

Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.

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• Courses at Tetr will be led by global business and technology leaders such as Dr. Viney Sawhney (Professor, Harvard University), Dr. Edward Rogers (Former Chief Knowledge Officer, NASA), Faverie Stephane (Executive Group President, Estee Lauder) and Saud Swar (CBO, American Express, MENA).
• The program will offer a highly experiential and immersive learning experience for students by enabling them to build businesses that generate real revenue & profit in 7 countries.
• World’s Largest Single-Intake Scholarship Announced at USD 12 Million for 60 Students.

RIO DE JANEIRO, May 21, 2024 /PRNewswire/ — Tetr College of Business, a first-of-its-kind business school, is creating a new generation of leaders who truly possess practical skills and global experience to build successful businesses. Tetr has launched a new undergraduate program where the curriculum focuses on learning business by doing businesses – across the globe. In doing so, the program caters directly to this increasing demand for practical skills. To that end, Tetr has announced the world’s largest single-intake scholarship fund of USD 12 Million to award 60 scholarships for its fall 2024 intake.

Tetr has curated a globally immersive learning experience for students to live, and learn across 7 different countries including UAE, India, Singapore, Ghana, U.S, Brazil, and Italy over 4 years. As part of the program, students will get to study at the world’s leading educational institutions INSEAD, France (FT rank 2), SDA Bocconi, Italy (FT rank 3); as well as NUS, Singapore (#1 in Asia), and IIT among others. Courses at Tetr will be taught by Global business and technology luminaries such as Daniel Garret Van Der Vliet (Executive Director, Cornell University), Manoj Kohli (Ex-CEO, Bharti Airtel & Softbank), Alexis Montesinos (Professor, MIT), Thorsten Truijens (Professor, Kellogg School of Management) and Nitin Gaur (Advisory Board Member, Stanford University).

The B-school has established a 1.6 million USD venture fund ‘Tetr Launchpad’ for aspiring entrepreneurs, complemented by mentorship from an extensive network of venture capitalists, founders, and industry leaders. The academic council of Tetr is led by Ivy League Professors and former global CXOs, such as the likes of Viney Sawhney (Professor, Harvard University), Edward Rogers (Former Chief Knowledge Officer, NASA), Faverie Stephane (Executive Group President, Estee Lauder) and Saud Swar (CBO, American Express, MENA), as part of the founding council.

“For prospective students from the Latin American region, growing interest in truly immersive learning experiences perfectly aligns with the nation’s growing intention of cementing itself on the world’s stage,”  shares Dr. Viney Sawhney, Professor of Finance, Harvard University. “I have never seen such a program in my academic experience, even at prestigious institutions like Harvard. This clearly indicates that traditional business education is due for an overhaul. Tetr’s unique program addresses this gap with a curriculum that allows students to travel the world and learn business by doing business in a new country, each semester. I am excited to be working alongside a team that is pioneering a change in the world of business education globally.”

As a part of its curriculum, Tetr will offer students a holistic understanding of how to build brands, investment portfolios, and make data driven decisions rooted in local cultural context, as they travel and study across the globe. Students will get an opportunity to build an eCommerce ‘dropshipping’ business in Dubai, leverage the Silicon Valley’s ecosystem to launch a tech startup in the US and start a community driven project to design and sell a hardware product in Singapore. They will also get to learn content creation, community building and brand partnerships in Milan, launch green initiatives in the realm of EVs, wildlife conservation and renewable energy in Rio De Janeiro as well as build a consumer business catering to suburban audiences in India.

Set to commence the batch from September 2024, Tetr is offering full scholarships to 60 brightest undergraduates from across the world who will join the first batch. Out of this, 10 students will be from Latin American countries. Tetr will empower these individuals to develop the leadership required to pursue their chosen fields.  Backed by Tetr’s entrepreneurial network, they’ll have the resources to turn their visions into reality. The B school will also welcome top SAT scorers (top 1 percentile) and those who have turned down offers from prestigious universities. To know more about the various scholarships, students could visit Tetr’s website here. The deadline for the current round of  applications is June 17.

About Tetr College of Business

Tetr School of Business is a first of its kind global B-school where 100 exceptional undergraduate students from around the world will learn business by building businesses every year, across 7 countries – USA, Italy, Singapore, Brazil, UAE, India and Ghana. As part of its 4-year Bachelors program, these students will study at some of the world’s most prestigious educational institutions including INSEAD (France), SDA Bocconi (Italy), NUS (Singapore), and IIT (India). With a vision to mold them into global leaders, leading educationists and top business leaders from the likes of Harvard, Stanford, MIT, Cornell, NASA, Estee Lauder and American Express will teach and mentor these students in their areas of interest. For more details, please visit – https://www.tetr.com/

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