Ben Zhou, Bybit’s CEO, and co-founder, is one of the biggest contributors to the advancement of the crypto industry. The launch of Bybit, a crypto derivatives exchange, made traders’ life easy by providing them with an easy way to leverage their positions and innovating trading experiences. It also offers traders several trading products, allowing them to make profits easily while managing several assets simultaneously. What separates Bybit from other advanced trading platforms is that it suits beginners and seasoned traders. Its user-friendly interface is its best feature. However, it only provides convenience to traders; its strong liquidity feature is also bliss for its users.
Early Life
Ben Zhou was born in China but spent his teenage years in New Zealand and pursued his degree in the United States. After completing his education, he returned to his homeland and started his career as the General Manager of Forex Brokers XM of Greater China. He served his position for seven years before moving into the crypto industry.
Before Entering The Crypto World
Ben Zhou’s interest in crypto started growing in 2016. He was introduced to the digital realm by a friend and was quick to understand its potential. He also started trading in crypto. Soon in 2017, when the crypto industry started booming with users making significant yields, Ben Zhou realized people were not well informed about the nitty-gritty of the industry. So, he started a YouTube channel to educate them. However, he stopped working on the channel to launch his venture, Bybit.
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Creating Bybit
Ben Zhou and other co-founders launched the exchange in March 2018. It offers several trading services and tools to help its users gain access to several digital assets across various platforms. Soon after its launch in 2019, Bybit was able to achieve a 10% of global BTC volume and was also among one of the top crypto exchanges in the world. The same year, Bybit hosted a Bitcoin trading competition called ‘BTC Brawl’ and continued the tradition for the next two years by organizing another competition called ‘World Series of Trading.’
In 2020, Bybit again crossed a milestone when its daily trading volume surpassed $4 billion. It also contributed to a noble cause by donating its proceeds to UNICEF for girls’ education.
The company continued to grow, and in 2021, it partnered with Red Bull Racing, adding another feather to its achievements. Bybit is still making progress and has recently opened a headquarter in Dubai. It also surpassed 15 million global users in 2023.
Ben Zhou’s Advice
Though Bybit’s main goal is to focus on the needs of the traders in the crypto community, Ben Zhou is aiming to ramp up crypto adoption. He is also asking participants in the industry to help others’ perspectives about the space. Ben Zhou thinks the industry is still much smaller than other sectors.
The founder also acknowledged that the market’s volatility and fast-evolving nature is their biggest challenge. However, with new updates in Bybit, he hopes to continue Bybit’s reign.
Conclusion
Bybit’s growing influence in the crypto community is encouraging non-traders to try crypto trading. Its platform is a lifesaver for every novice and experienced trader. By offering services like spot trading, copy trading, access to derivates, and digital tokens under one roof, Bybit is making Web3 accessible to all. Its user growth reflects its significant impact on the industry and showcases its potential to bring forth substantial changes in the industry single-handedly. If you are looking for a crypto platform to begin your crypto journey, your search should end with Bybit.
