WARSAW, Poland, March 14, 2022 — Bybit is honored to be recognized as the Best Cryptocurrency Exchange at Cryptocurrency World Expo 2022. Industry leaders and rising stars in the blockchain and money communities electronics gathered at the two-day event (March 9 and 10, 2022) in Warsaw, Poland.
The award is a new milestone in Bybit’s fascinating growth from an up-and-coming exchange in 2018 to one of the most recognizable names among all crypto users worldwide.
Bybit’s Bill Xing joined panelists at a roundtable on financial instruments in the blockchain space. As Bybit’s Product Manager, Bill leads.
Bybit works hard to research and design innovative tools in one of the fastest growing exchanges in the world.
Bill sees it as the mission of centralized exchanges like Bybit to lower the barriers to entry for those willing to adopt cryptocurrencies.
He explained: “Since decentralized finance (DeFi) started gaining mainstream momentum in 2020, Bybit has been poised to capture a piece of the growth. Now, Bybit Earn provides an uncomplicated platform for qualified users to get the most out of their crypto holdings at various levels of risk and return.
Individual users who want to participate in, for example, yield farming, must set up and maintain their own wallets. They also face relatively high gas fees if they choose to use the Ethereum blockchain. Bill said that as a centralized platform, the exchange has focused on these two aspects to optimize the DeFi user experience by breaking down barriers.
“At Bybit, we simplify DeFi for the average user. They can load assets into the platform, choose the risk and let the platform do the work,” he shared.
“The DeFi space is filled with noise,” he added. At Bybit Earn, the exchange finds eligible projects and promises to ease the due diligence burden with internal resources that an individual user may not have.
“We strive to reduce barriers to entry on all fronts by providing more information and investor education. On the product side, we strive to make it more user-friendly for all age groups and skill levels, and centralized exchanges can help retail investors enter the DeFi market by eliminating remove technical barriers,” he said.
“Fiat integration is another kick in the crypto entry journey that centralized exchanges are taking,” Bill said.
For the majority of people starting to accept cryptocurrencies, a robust and secure on-ramp and off-ramp system is the main consideration. Bill said: “This functionality has mostly been used by centralized exchanges. For most Bybit users.
In fact, the choice is not between “crypto or fiat” and they require secure gateways in both directions.”
Bybit’s booth at the Expo showcased its trading platform and welcomed hundreds of crypto enthusiasts to the Expo from around the world with a refreshing beer. Over 1,400 guests attended the conference in person along with virtual sessions for a global audience.
The exchange is a cryptocurrency exchange founded in March 2018 that provides a professional platform where crypto traders can find an extremely fast execution engine, customer service Great products and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, NFT marketplace and API support, to institutional and retail clients worldwide. world, while striving to be the most trusted exchange for new types of digital assets. Bybit is a proud partner of Formula 1 racing team, Oracle Red Bull racing team, esport teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esport, and association football teams Borussia Dortmund and Avispa Fukuoka .