TL;DR Breakdown
• Head of financial products at Bybit is flattered by the recognition.
• The crypto platform promises the lowest interest rates on crypto transactions to date.
On March 9, a group of cryptocurrency enthusiasts met in Poland to celebrate the Cryptocurrency World Expo 2022. Bybit Exchange was also honored at the same event. Founded in 2018, the crypto platform has grown to be one of the best exchanges in the crypto world. It is also one of the leading promoters of the Blockchain network.
Bybit has become one of the most helpful crypto exchanges, maintaining its standards alongside competitors such as Binance and Coinbase. The decentralized trading platform has over two million registered users and is likely to rise in 2022.
Bybit efforts in the global crypto market
Since the first cryptocurrency appeared in 2009, small and medium-sized companies have created crypto wallets for industry enthusiasts and other participants. Bybit received recognition as the best exchange for crypto trading, competing with other crypto platforms like Binance, BitPanda, Coinbase, Kraken, and Robinhood.
However, Bybit has stood out as an easy-to-use exchange that offers various tools, such as DeFi operations that opened in 2020. Bybitearn also comes to mind – a place to trade the most volatile tokens. The exchange has also dealt with interest rates among cryptos and, more so with Ethereum, which would be the token with the highest transaction fees.
Exchange executive discusses platform innovations
Recently, Xing Bill, the head of financial products at Bybit, talked about the decentralized trading platform’s innovations. Xing said that decentralized finance operations are streamlined for any person with the exchange. It is a self-managed system by experts who promise to give you the best results.
But Xing clarifies that the exchange will utilize each crypto users’ level of knowledge. The crypto platform divides each user into levels or stages to use the right tools.
Until now, Xing felt that the exchange had met its objectives, which include building a link between fiat-crypto transactions. However, the head of financial products indirectly recognizes that the exchange needs to renew itself.
The crypto platform won the award with thousands of people in attendance. With this level of recognition, the exchange could gain more followers, boosting its reputation and market value even further.
