Bybit Announces 2025 Vision: Empowering User-Centric Crypto Initiatives, Reshaping the Cryptocurrency Ecosystem

2025-01-23 21:18

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Source: Bybit

The world's second-largest cryptocurrency exchange platform, Bybit, shared its 2025 vision during a live event titled "Keynote with Ben: To the Moon, Embracing the Unknown Challenge." Bybit's Co-Founder and CEO, Ben Zhou, looked back on Bybit's extraordinary journey in 2024, emphasizing the company's commitment to growth, innovation, and its guiding principles of "Listen, Care, Progress."

The Bybit leadership shared insights during the event, focusing on key milestones of the company, solutions to significant challenges, and plans to empower users and drive the cryptocurrency ecosystem forward.

Transparent and User-Centric Strategy

Bybit's 2025 vision demonstrates the company's core commitment to users in every initiative. In an open and inspirational keynote speech, Zhou emphasized the importance of embracing achievements and challenges. He stated, "To build a better Bybit, we must listen to our users, closely care about their needs, and continuously improve. Our 2025 vision perfectly embodies these values."

The keynote showcased Bybit's achievements in 2024 while openly discussing areas for improvement, highlighting the company's commitment to maintaining transparency and fostering community trust.

Listen: Stay Connected with Users at All Times

Bybit has always upheld the core principle of the platform, consistently listening to users' needs. Ben Zhou reiterated during the keynote, "Our goal is to be an exchange that truly understands users and actively takes action to reward them." In a user-centric manner, Bybit continues to accelerate active interaction with the community, thus quickly identifying and addressing user pain points.

In 2024, thanks to valuable feedback from numerous users on the Bybit Card, the service was successfully improved and expanded to six new regions. This greatly reduced the response time of the user support team from 32 hours to 12 hours. Additionally, providing users with more attractive exchange rates and seamless integration with digital wallets like Apple Pay and Google Pay.

Care: Transforming Challenges into Opportunities

Bybit is committed to turning challenges into growth opportunities, thereby demonstrating its commitment to its vast user base. For example, last year's NOT Token ($NOT) incident affected over 310,000 platform users, reflecting Bybit's shortcomings in handling high traffic and transaction token volumes. Ben Zhou stated, "We actively listen to users' feedback and are willing to admit mistakes to learn and establish a more robust system." Following this incident, Bybit successfully handled the $HMSTR token airdrop last year, delivering tokens promptly to 4.3 million users. Additionally, Bybit established an effective traffic prediction model and upgraded the platform's standard operating procedures to adequately handle future surges in large-scale transaction volumes.

In addition, Bybit has partnered with stablecoins such as Circle, Ethena, and Tether, demonstrating the platform's continued attention to user needs. Through such collaborations, Bybit aims to solidify its leading position in USDC trading, currently commanding a market share of up to 36%. Meanwhile, USDe is projected to reach a dominant market share of 99% by the second half of 2024.

Progress: Driving Product and Industry Development

In 2024, Bybit remained committed to continuous innovation, introducing several groundbreaking products. The most notable among them was the industry-first AI-powered trading assistant, TradeGPT, which attracted over 5 million users and fundamentally transformed the way traders gain market insights and analysis. Another innovative product, Pre-Market Perpetuals, allows traders to hedge and speculate on tokens before their official listing, with high participation rates seen in tokens such as $HYPE and $TRUMP.

Bybit's Puzzle Hunt program cleverly combined educational content with a reward mechanism and continued to expand Launchpool, simplifying the process of earning rewards from promising projects. Through ByVotes 2.0, users have a greater say in project listing decisions, further strengthening Bybit's community-centric approach.

Bybit also launched bbSOL, the world's first Solana liquidity staking token supported by an exchange, achieving a total locked value (TLV) of $240 million in just 5 months.

Bybit continued to showcase its innovation prowess in ecosystem expansion, establishing deep strategic partnerships with leading blockchain platforms such as Solana, TON, and Sui. These collaborations not only opened up new opportunities for users but also underscored Bybit's firm commitment to driving blockchain technology innovation.

Ben Zhou remarked, "Bybit has achieved record growth, with a user base exceeding 60 million, tripled from before, and an average daily trading volume surpassing $36 billion. Our progress reflects user trust in us and our determination to set new industry standards."

Vision Blueprint for 2025

This year, Bybit will uphold its core values of 'Listen, Care, Progress,' focusing on optimizing trading tools, enhancing market liquidity, and introducing a series of user-centric innovative initiatives to reshape the cryptocurrency ecosystem.

Through diversified strategic partnerships, Bybit continues to enrich its product line. Its collaboration with Ethena has successfully launched the innovative product USDe, and upcoming financial instruments based on real-world assets (RWA) such as treasury bonds will further expand Bybit Earn's investment portfolio. These products not only demonstrate Bybit's commitment to seamlessly integrating traditional assets into the cryptocurrency ecosystem but also significantly enhance the platform's flexibility and reliability.

With the strategic vision of "On-chain Bybit: Your Web3 Gateway," Bybit is envisioning a future deeply integrated with Web3. This new platform will seamlessly integrate on-chain asset management, advanced trading tools, and innovative DeFi solutions, aiming to create a comprehensive and user-friendly Web3 ecosystem for users at all levels. Bybit also plans to significantly expand on-chain assets, upgrade wallets and infrastructure, and deepen integration with the growing ecosystems of Atom, Ada, Babylon, Athena, Sei, Monad, Bera, and more.

Ben Zhou stated, "Bybit's 2025 blueprint fully embodies Bybit's steadfast commitment to empowering users and advancing the development of the cryptocurrency ecosystem. We will continue to innovate, optimize products, and strive to popularize the world of cryptocurrency, making it easy for everyone to participate."

About Bybit

As the world's second-largest cryptocurrency exchange by trading volume, Bybit serves over 60 million global users. Since its establishment in 2018, Bybit has been dedicated to building a simpler, more open, and fair ecosystem, redefining the openness of the decentralized world. We delve deep into the Web3 space, establish strategic alliances with top blockchain protocols, provide robust infrastructure, and drive on-chain innovation. With secure asset custody, diverse trading markets, intuitive user experiences, and cutting-edge blockchain tools, Bybit has successfully bridged the gap between traditional finance and decentralized finance, empowering developers, creators, and enthusiasts to fully explore the limitless potential of Web3.