World

DeFi

Notable

<ul class="wp-block-list">
 <li>Efforts to improve Bybit’s worldwide compliance have made great progress.</li>
 <li>Over 130 million wallet addresses over 30+ chains have been integrated by the platform’s Web3 team.</li>
</ul>
<a href="https://www.bybit.com/en/press" target="_blank" rel="noopener noreferrer nofollow">Bybit</a> has solidified its place as the chosen platform for millions of crypto enthusiasts and traders globally, and the latest&nbsp;astounding feat shows its fast expansion. As its registered user base approaches 50 million globally, Bybit, the world’s second-largest crypto exchange by trading volume, is happy to celebrate a huge milestone.
Efforts to improve Bybit’s worldwide compliance have made great progress. In important markets including <a href="https://thenewscrypto.com/lbank-and-cryn-coin-illuminate-dubai-with-blockchain-revolution-night-the-digitalization-of-philanthropy/" target="_blank" rel="noopener noreferrer nofollow">Dubai</a>, the Netherlands, Turkey, and Kazakhstan, the platform has worked closely with local authorities to establish cooperative partnerships and guarantee compliance with regulatory requirements. Bybit is dedicated to doing business in an honest and ethical way, and these activities demonstrate that.
<h3 class="wp-block-heading" id="h-boosting-web3-adoption-globally">Boosting Web3 Adoption Globally</h3>
Maintaining momentum for Web3 adoption is a top priority for Bybit. Over 130 million wallet addresses over 30+ chains have been integrated by the platform’s Web3 team, which is an impressive effort. This growth shows that Bybit is serious about connecting its customers to all sorts of decentralized ecosystems and possibilities.
With over a hundred participating partners, Bybit’s DEX Wave will be a part of the next World Series of Trading (WSOT). Notable names among them include Yescoin, Bonk, Catizen, Navi Protocol, Blackcardcoin, Character X, and Bonk. From <a href="https://thenewscrypto.com/how-to-create-and-launch-a-memecoin-a-user-guide/" target="_blank" rel="noopener noreferrer nofollow">memecoins</a> to DeFi initiatives and GameFi assets, traders will have the rare chance to discover over a million decentralized tokens.
Livestream events hosted by Bybit have also been a great way for the community to get involved. Participating in these roundtable discussions allows users to get a deeper understanding of crypto, market patterns, and trading tactics. Bybit has improved user experience and spurred development by delivering educational&nbsp;material and establishing a feeling of community.
Ben Zhou, Co-founder and CEO of Bybit, stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Reaching 50 million users represents the trust and enthusiasm of our community. We are grateful for the overwhelming support we have received and remain committed to delivering innovative solutions that enhance our users’ trading experiences. Our Web3 team’s achievements and our ongoing commitment to global compliance demonstrate our dedication to fostering a secure and reliable trading environment.”
</blockquote>
In conclusion, having more than 50 million registered users is a major accomplishment for Bybit. With the help of their Web3 team, Bybit has merged with more than 30 chains and 130 million wallet addresses. With more than a million decentralized tokens and one hundred participating partners, the DEX Pro competition will be hosted&nbsp;on the platform during WSOT 2024. Bybit has stepped up its compliance game in a number of different regions throughout the world. Well-attended livestream events encourage audience participation and provide insightful discussion.
The recent developments show that Bybit is committed to its aim of providing a safe, dependable, and easy-to-use trading platform for its active community and is always looking for new ways to innovate in this area.

Bybit Reaches 50 Million Users, Expands Global Compliance and Web3 Integration

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