Cryptocurrency

Avalanche

<div class="finbold"> 
 <p class="paragraph">Bybit co-founder and CEO Ben Zhou announced The CryptoArk Keynote <a rel="dofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a> on January 10, in which he showcased the company’s accomplishments and future plans, highlighting its commitment to advancing the digital asset industry.</p> 
 <p class="paragraph">In the <a rel="dofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a>, Zhou outlined Bybit’s most important achievements, including reaching over 20 million users, launching 93 new products, and supporting 96 chains for deposits and withdrawals, as well as becoming the third-largest derivatives exchange.&nbsp;</p> 
 <p class="paragraph">The company also solidified its global presence with expansions in the UAE, South Africa, and the Netherlands.</p> 
 <p class="paragraph">The keynote emphasized Bybit’s focus on enhancing user experience and platform stability. Zhou said Bybit saw a threefold increase in transaction volume capacity and maintained an uptime of 99% despite market volatility. Bybit’s CEO said the crypto exchange’s goal is to handle 1 million transactions per second by 2024.&nbsp;</p> 
 <h2 class="wp-block-heading" id="h-bybit-s-new-feature-launches-in-2023">Bybit’s new feature launches in 2023</h2> 
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8"> 
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto"> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2024/01/10/70e6f53fb64c17ce3c22b508d53154f2.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="is-the-fake-bitcoin-etf-approval-good-for-crypto"> Is the fake Bitcoin ETF approval good for crypto? </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2024/01/09/19ae3ffbf16ace0a6a8b29587fd85786.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="top-3-altcoins-to-watch-now"> Top 3 altcoins to watch now </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2024/01/10/6579688c62c5590e12e615967feb9f74.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-cryptocurrencies-to-avoid-trading-this-week"> 3 cryptocurrencies to avoid trading this week </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2024/01/09/01a7896b3320667ebdb8fb9cb45f2f79.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="jim-cramer-says-bitcoin-is-topping-out"> Jim Cramer says Bitcoin is 'topping out' </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2024/01/09/8eca61e2143c8a7a70989fe3b4f8a7cf.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-sets-avalanche-price-for-january-31-2024"> Machine learning algorithm sets Avalanche price for January 31, 2024 </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <p class="paragraph">One of the focus areas for the cryptocurrency firm last year was user-friendly trading environments, which Bybit demonstrated through improvements such as the Unified Trading Account, featuring new capabilities like Perp Protect and customizable collateral assets.</p> 
 <p class="paragraph">When it comes to institutional services, Zhao pointed out that Bybit witnessed an 182% growth in institutional partnerships. The company focused on integrating spot trading into portfolio margin in a bid to enhance capital efficiency for clients’ trading strategies. In the meantime, the exchange also introduced new trading <a rel="dofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> such as Copy Trading, AI-powered tools, as well as new structured and wealth management products.</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“Our journey is just beginning. We’re not just building an exchange; we’re building a gateway to crypto and Web3 space. Our plans for 2024 and beyond are bold, aimed at fostering simplicity, openness, and equality in the decentralized realm.”</p> <cite>– Zhou said. </cite>
 </blockquote> 
 <p class="paragraph">Looking forward, Bybit said in the <a rel="dofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a> that the crypto community can anticipate further innovations and inclusive experiences in 2024 as it strives to solidify its position in the industry.</p> 
 <p class="paragraph"> </p>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/key-takeaways-from-bybit-s-cryptoark-keynote-address-tbt76124.html">https://thebittimes.com/key-takeaways-from-bybit-s-cryptoark-keynote-address-tbt76124.html</a></p>

Key takeaways from Bybit’s CryptoArk Keynote address

Table of Contents

TheBitTimes

Other articles published on Jan 10, 2024

AI Identified as Emerging Threat in Cyber Crime by NSA Director

ICON Price Fails to Escape from Bearish Territory: What to Expect?

UAE-Based Company Adds $187 Million Worth of Crypto Mining Rigs

Litecoin (LTC) at 570-Day Support: Is a Market Reversal on the Horizon?

Companies Pulling Away from NFT Features

LTC gets green light on HashKey

Join our free newsletter for daily crypto updates!