Victoria Seychelles 9 Nov 2022 Bybit It is the third most visited crypto exchange platform in the world. It said the latest market volatility has spurred the industry’s need to build customer confidence. and focus on market stability for all exchange platforms. Past uncertainties have made clients pay close attention to the importance of capital security. asset custody and greater transparency, which the industry will have to deal with.
Ben Zhou, Co-founder and CEO of Bybit said, “Every part of the crypto industry has a duty and obligation to improve the platform for our customers…Bybit. which has always been a leader in this field It offers a secure and one of the best asset security exchange platforms in the industry. But we can still make it even better.”
Ben Zhou also emphasized Bybit’s stance on customer assets, “Bybit is not a bank, we are a custodian of our clients’ assets and we will never use customer funds for any other purpose. Stored with 1-to-1 custody liquidity, fully available on request and without delays. if requested.”
Bybit advises the industry to build more confidence for its customers. During this volatile market, Bybit supports industry standards to provide transparency. This will help build more trust and credibility in the industry. and build trust with customers and regulators
In addition to the company’s established trust and security. The company is also expected to install a Proof of Reserve program in the near future. This is an example of best practice for other exchange platforms. And it symbolizes our continued commitment to open and transparent trading.
Ben Zhou added that the future “We are ready for long-term operations. and attaches great importance to the focus on safety There are processes, policies, compliance with regulations. and a rigorous and comprehensive risk management strategy. While we are in this bear market We are improving our products and building our employees at the forefront to prepare them for the next rapid pace when the market returns.”