According to Ben Zhou, CEO of Bybit, a leading crypto exchange by trading volume, the cryptocurrency market experienced a new surge in prices, peaking at a record high of $73,750 on March 14. This growth wasn’t driven primarily by individual investors but rather by a consistent influx of capital from institutions.
At the Blockchain Life 2024 Dubai conference, Zhou expressed his perspectives, which depict a growing maturity in the crypto market. Previously, unregulated exchanges and impulsive retail trading ruled the sector. However, now advanced infrastructure, heightened security, and purposeful partnerships are drawing in established financial entities to this space.
Institutional Investors Drive Bybit’s Growth
According to Bybit’s CEO, institutional investors have significantly fueled the current bull market. After teaming up with reputable custodians like Copper and Fireblocks, the exchange experienced a remarkable increase of 186% in institutional investment last year (2023).
Institutions have fueled this bull market thus far, as revealed by Zhou. Last year, the inflow of institutional capital grew by an impressive 186% following partnerships with custodians such as Copper and Fireblocks.
This trend follows the widely expected launch of Bitcoin spot ETFs in significant markets, providing institutions with a well-known, regulated investment channel for easier access to the crypto world. Moreover, the upcoming Bitcoin halving in April, predicted to bring about new peaks, adds fuel to this trend.
Under Zhou’s leadership, Bybit has carefully improved its platform since the last cryptocurrency market boom in 2021. These improvements are designed to meet the requirements of institutional investors, providing them with tailored options to accommodate their large investments and intricate trading plans.
In the words of Zhou, Bybit offers a flexible trading platform that enables users to swap any token for any asset. This versatility, combined with features for spread trades, arbitrage opportunities, and advanced funding rate management, empowers institutional clients to execute complex strategies in a secure setting.
According to Zhou, Bybit offers a flexible trading experience, enabling users to trade any token against anything else. As for institutional clients, they are equipped with an array of advanced tools such as spread trading, arbitrage opportunities, and funding rates for more intricate transactions.
Bybit Bridges Complex Financial Instruments for Retail Traders
As institutions gain prominence, Bybit remains committed to its large retail investor community of 25 million users. The exchange is working diligently to simplify access to advanced financial tools for regular traders.
“Zhou explained that we offer a distinct product named Perpetual Protect. It works by employing options contracts to shield perpetual investments from substantial risks, providing retail investors with an uncommon level of security typically missing in conventional markets,” is one way to paraphrase the original statement.
With Bybit’s Unified Trading Account (UTA), retail traders are given a clear and comprehensive perspective of their investment holdings and effortless access to multiple cryptocurrencies. This well-designed platform breaks down the complexity of derivatives and options trading, allowing more people to approach these financial tools with confidence and ease.
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2024-04-16 22:42