Bybit Puts Crypto Transparency in the Spotlight

Bybit Puts Crypto Transparency in the Spotlight

VICTORIA, Seychelles, 10th November, 2022, Chainwire

Bybit, the world’s third most visited crypto exchange, has said that recent market volatility is a wake up call for the industry and that customer confidence and market stability should be top priority for every exchange. Bybit also highlighted that the recent uncertainty had shone the spotlight on fund safety, custodianship, and transparency, and the industry would have to tackle this head on.

“The entire sector has a duty and obligation to do better by our customers,” said Ben Zhou, Bybit co-founder and CEO. “Bybit has always been a leader in this area and provides one of the highest  levels of fund safety and security in the industry – But we can also do better.”

Zhou also stressed Bybit’s stance towards customer funds. “Bybit is NOT a bank, we are a custodian of our customers’ funds. We do not use those funds for any other purpose! Bybit can guarantee that all clients assets are stored in one to one liquidit

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