Bybit Surpasses 70 Million Users, Sets Sights on Institutional Expansion
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Highlights:
- Bybit now has over 70 million registered users.
- The exchange attributed the landmark achievement to years of consistent innovations.
- Ben Zhou said Bybit remains committed to ensuring global compliance to enhance its expansion project.
Bybit is making headlines after attaining a new milestone in its number of registered users. The trading platform broke the news in a press release, sparking widespread reactions among the exchange users and other crypto enthusiasts. According to the publication, the trading platform’s registered users have surpassed 70 million. This milestone was attributed to Bybit’s commitment to transparency, regulatory compliance, and the platform’s security.
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Ben Zhou, co-founder and CEO of Bybit, remarked:
“We are doubling down on compliance, institutional-grade infrastructure, and user-centric innovation to ensure everyone from first-time traders to global institutions can access the future of finance with confidence.”
Bybit today announced it has surpassed 70 million registered users. Bybit Card currently has nearly 2 million users. Bybit also uses artificial intelligence to enhance trading, research and support services. https://t.co/DM4wvMK5uT
— Wu Blockchain (@WuBlockchain) May 9, 2025
Bybit Reiterates Commitment to Global Regulatory Compliance
In the press release, Bybit said it will continue working closely with global regulators to aid its expansion project. The exchange noted that it recently met with Vietnam’s Ministry of Finance and contributed to the nation’s regulatory initiative by sharing insights on Anti-money laundering (AML) guidelines, Know-Your-Customer (KYC), and International best practices.
Bybit also noted that it expanded its operations in regions like the United Arab Emirates (UAE). These achievements underscored the exchange’s commitment to meeting strict global regulatory requirements.
Institutional Growth Driving Factors
Highlighting factors contributing to its remarkable success over the past few years, Bybit spotlighted its platform’s high-performance trading infrastructure. Others include the exchange’s sophisticated risk control and strategic collaborations.
Bybit singled out its partnership with Zodia Custody, one of the leading providers of institutional-grade custody and other off-venue settlement solutions. The exchange noted that this collaboration aided it to meet sophisticated investors’ demands. In addition, it offers robust compliant offerings, allowing users to enjoy an encompassing trading platform.
Beyond these achievements, Bybit’s card has also gained significant traction amid stiff competition from other platforms. The trading platform’s card now has over 2 million users, who use it every day to facilitate crypto spending. In addition, Bybit Pay has also gained global recognition for its role in streamlining varying transactions for users and merchants.
The exchange also noted plans to integrate Artificial Intelligence (AI) to enhance its platform’s overall functionalities. Part of the AI model includes CryptoLens. This tool exposes users to deep insights into tokenomics, social trends, token fundamentals, and community activity, simplifying trading activities.
TradeGPT is another AI-based tool integrated into Bybit. Its main function is to deliver quick price action summaries and technical analysis to guide users’ investment decisions. Bybit also noted that it has adopted an AI Support Agent to boost its customer service.
Ben stated:
“By championing regulation, professionalism, and a relentless user-first approach, we’re shaping a safer, more inclusive, and more empowering financial future for all.”
— Bybit (@Bybit_Official) May 9, 2025
Bybit Halts NFT and Inscription Services
On April 31, Bybit announced that it would halt its Non-Fungible-Token and inscription marketplaces starting April 8, 2025. In the press release relaying the notice, the exchange said the decision was in line with its strategic directions as the exchange makes efforts to streamline its offerings.
Bybit also noted that it would stop offering users Initial Decentralised Exchange Offering (IDO) products and advised them to move their assets to other platforms that support these assets. Meanwhile, Bybit was the victim of one of the biggest crypto hacks, which resulted in losses of about $1.4 billion. The exchange has attempted to recover the stolen assets with no positive results.
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