Bybit at Paris Blockchain Week: Lawrence Tan on DeFi Risk, BitDAO at Paris NFT Day

PARIS, FRANCE / ACCESSWIRE / April 12, 2022 / Bybit, one of the world's fastest growing crypto exchanges, is pleased to support Paris NFT Day and Blockchain Week Summit as a Rhodium sponsor. The conference, taking place from April 12 to 14, is regarded as an event of magnitude in blockchain, showcasing the brightest minds, change makers, and innovators in the blockchain and NFT space at the iconic Palais Brongniart in the heart of Paris. Bybit is proud to be supporting this industry defining event; Lawrence Tan, Bybit's spot business development director, will speak on a panel at Paris Blockchain Week called DeFi Security: the Risks Behind the Yield and Mitigation.

Tan has been an active supporter of distributed computing since the late 2000s and brings years of blockchain industry experience to the stage at Paris Blockchain Week. As an active community contributor and advocate for the DeFi revolution, Tan was involved, first hand, in helping to crack down on one of the most famous DeFi hacks in history.

"DeFi has disrupted the way people manage their digital assets. It has demonstrated transformative power in the real world where not everyone has access to the global asset management and private banking privileges. For the common investor, the real threshold is not the amount of assets they hold, but the ability to embrace growth opportunities while being risk-conscious," said Tan.

Tan's involvement in DeFi makes him an unusual leadership choice for a centralized global exchange like Bybit, but Bybit is not a typical global crypto exchange. The organization is consistently a strong proponent of decentralized finance and also is known for its contribution to BitDAO, the world's second largest DAO-directed treasury, an organization that will also be present in Paris this week at Paris NFT day on April 12.

Bybit's commitment to BitDAO is only one facet of how the exchange looks beyond crypto traders and strives to support and engage with the underlying culture of crypto lovers. Bybit has already sponsored Art Dubai and World Blockchain Summit Dubai, among others, in 2022. And the company's presence at Paris Blockchain Week is another key activation for the community-conscious trading platform. Having been the third most-visited cryptocurrency exchange for four straight months, Bybit made waves earlier this year with its sponsorship of the Oracle Red Bull Racing team, a deal that was considered one of the largest financial commitments in F1 history. The company views their support of culturally-relevant events like Paris Blockchain Week as key elements in their mission to support the global crypto community and to contribute to the future of global finance.

Lawrence Tan's role as spot business development director speaks to the pace of a rapid expansion for the previously derivatives-focused platform. Started in July 2021, Bybit's spot exchange had made it to top five globally by early 2022 according to CoinMarketCap. As reports of hacked protocols arise more and more each year, Tan plans to speak to the difficulties and complexities that are present in trustless decentralized finance. He plans to share his expertise and first hand experience in the space as well as advise on mitigating risk while maintaining decentralization.

Paris NFT Day and Paris Blockchain Week Summit will deliver three full days of insights into the tokenized economy, blockchain innovation, digital governance, new projects being built, the state of digital asset liquidity, international regulatory cooperation, and more.

// ENDS

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.

Contact for Bybit

For media inquiries, please contact: press@bybit.com

For more information please visit: https://www.bybit.com/

SOURCE: Bybit