Bybit CEO: “We can become the Apple of sophisticated crypto products”
Although the recent crypt market trend has been rather brutal, builders and industry leaders continue to look ahead. Bybit CEO Ben Zhou is confident the imminent market rebound will be spectacular.
Bear Markets Are An Opportunity
Most people only look at cryptocurrency prices to gauge market sentiment. However, they rarely realize the industry doesn’t sleep, even when the momentum sours. The most recent bearish spell has significantly devalued all cryptocurrencies, yet Bybit CEO Ben Zhou isn’t deterred. If anything, he may be more bullish than ever for the future.
Rather than take a few punches on the chin, the Bybit exchanges went through an internal realignment. Zhou recently explained how the company streamlined roles, responsibilities, and processes. More importantly, there is a larger emphasis on building products and services. Bear markets are a valuable time to build, especially in cryptocurrency. After all, these markets operate 24/7/365, and customers want their needs met as soon as possible.
Zhou is bullish, despite the current market momentum. Macro trends will affect all markets, including cryptocurrency, stocks, and equities. It is a scenario no one can avoid, and Zhou is convinced it shouldn’t influence business leaders’ decisions too much. Instead, he sees it as another validation of traditional finance’s weakness. The reliance on “printing vast quantities of fiat currency and low or no economic growth” is apparent for everyone to see.
Bybit Is Prepared About The Future
Despite the bear market, Bybit’s infrastructure has held its own. Since the exchange’s inception in 2018, the trading platform never went offline. That is a remarkable feat, as many moving parts behind an exchange’s scenes exist. However, Zhou affirmed how the trading platform is built “differently” from traditional trading platforms.
Onboarding new users often requires offering an educational approach to crypto assets. Ben Zhou agrees that education is important, but it shouldn’t be forced upon users. A thin line needs to be walked between education and simplicity without losing product focus. Zhou expects Bybit to become the “Apple of sophisticated cryptocurrency products.”
Looking to the future, Bybit will keep exploring Web3 opportunities and facilitate newcomers’ entry into the crypto world. Exchanges are often considered an essential gateway for those looking to explore virtual assets. Bybit wants to establish itself as the “car or bus service taking clients wherever they want to go in Web3.”