Top Cryptocurrency Exchange Bybit Unveils Product Roadmap and Ambitions for Web3 Economy at Blockchain Fest 2022

SINGAPORE / ACCESSWIRE / June 6, 2022 / Bybit, one of the world's fastest growing cryptocurrency exchanges, participated in Blockchain Fest 2022, one of Southeast Asia' most interactive FinTech events as its title sponsor. The festival gathered global and regional leaders across FinTech, Cryptocurrency, Blockchain and Payment industries in a two-day event that took place in Singapore, from June 2 to June 3, 2022.

Presenting among other representatives from the industry, Hao Yang, principal product director and head of options at Bybit, unveiled to the audience a line-up of products and feature enhancements that the exchange will be rolling out in the coming months, including a new portfolio margin feature that allows traders to fully leverage their portfolio with greater capital efficiency. He also teased the upcoming Ether and Solana options contracts, which will be made available in the third quarter of 2022.

"At Bybit, we take absolute pride in providing users with high-precision trading via our ultra-fast matching engine, no matter the volume of crypto market activity. Through these exciting innovations that we have in the pipeline, we are thrilled to deliver the next level trading experience to our users, by providing them with the most sophisticated product offerings that boast reduced user complexity and greater investment stability."

Speaking at the same event, Francesca Tay, chief content strategist at Bybit, also highlighted the business' ambitions for web3, and expounded on its role in supercharging the digital economy.

"The arrival of web3 is inevitable, and we are right at the precipice of change. What stands between the growth of web3 and mass adoption is the ability for us to bridge the gap between the now and what the technology can offer," Tay said.

"As one of the industry leaders on the forefront of the digital revolution - with a core ethos of innovation and care for customers at the heart of our business - Bybit aims to be the bridging agent for what web3 can achieve. Through our involvement and contribution to BitDAO, one of the world's largest decentralized autonomous organizations, we're confident in becoming a driving force of change to realize the full potential of web3 by investing in the right industries and infrastructure."

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers 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, an NFT marketplace 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 a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

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

SOURCE: Bybit