Victoria (Seychelles), September 28, 2022 — Ben Zhou, co-founder and CEO of crypto exchange Bybit. with the most visitors to the top 3 websites in the world It has called on traditional markets to accept crypto-driven changes.
At last week’s Pantera Blockchain Summit Asia, Ben Zhou discussed the growing convergence between traditional financial institutions and crypto. “Infrastructure is already there. And many large institutions have already come to explore and collaborate with leading crypto companies at various levels.”
However, he added that “Wall Street plays a huge role in embracing real innovation in the market and can continue to popularize this innovation,” he added, adding that traditional financial services firms are at risk of “failing to break the bank.” face the same fate as the Nokia company.
“Wall Street can get even more variety if it embraces crypto. instead of doing the opposite,” he added.
Zhou cites a more traditional approach that absorbs more and more outdated innovations. make the restOnly innovation is excluded and thwarted under Wall Street’s internal processes and constraints.
“There are many new forms of financial services that are rapidly evolving in the world,” said the crypto CEO. It’s all about crypto.”
He exemplifies the proficient labor movement to illustrate what he wants to explain and how ‘Wall Street’ must keep up with the crypto race in order to stay out of the financial market giants. “Crypto attracts talent with its rapidly changing environment. hunger and unlimited ability to innovate,” he said.
Franklin Bi moderator He confirmed that his time at Wall Street took two to three years to bring a new product to market, unlike Bybit, which took two to three weeks.
Zhou co-founded Bybit in 2018, a crypto derivatives exchange with few trading pairs. Since then, it has grown to be a one-stop-shop for all things crypto-related with a strong user base of over 10 million. Ripto “It can definitely happen.”