Bybit,
a cryptocurrency exchange, has announced growth in its trajectory
by surpassing 20 million registered users. This highlights Bybit’s stable
presence in the cryptocurrency industry as it celebrates its 5th anniversary
this December.
Bybit
Becomes a Crypto Hub with 20 Million Users
Over
its existence, Bybit has provided trading solutions, user-friendly platforms,
and around-the-clock customer service in multiple languages.
Ben Zhou,
the Co-Founder and CEO, remarked: “Bybit has established itself as a secure
and effective cryptocurrency hub. Surpassing 20 million registered users is not
just a numerical achievement; it symbolizes the faith and enthusiasm of a
community that believes in the potential of cryptocurrency and regards Bybit as
their preferred platform.”
Bybit
attributes its growth in the cryptocurrency space, including the introduction
of AI-powered trading bots, an options market, and a thriving copy trading
community. Risk management and AML compliance have enabled Bybit to acquire
licenses in the UAE, Kazakhstan, and Cyprus.
“We
go beyond being merely a trading platform; we are the Crypto Ark and a gateway
to Web3: the next generation of the internet,” added Zhou. “Our
commitment to our users remains steadfast, and we anticipate introducing more
innovative features and services in the near future.”
Bybit
Launches TradeGPT: An AI-Powered Tool for Crypto Traders
Finance Magnates reported that Bybit
has introduced TradeGPT, an AI-powered educational tool designed to enhance
traders’ engagement with the crypto market. Bybit positions TradeGPT
as a response to the limitations of conventional AI, emphasizing its provision
of real-time market data.
The
tool accesses Bybit’s extensive market data, trading analytics, and technical
analysis tools, making it valuable for traders navigating the cryptocurrency
landscape. According to Vivien Fang, the Head of Financial Products at Bybit,
TradeGPT serves as a mentor and guide, offering benefits such as real-time
market analysis, multilingual support, and personalized guidance to help users
understand market trends and formulate strategies.
Bybit
joins other cryptocurrency platforms, including Crypto.com and Binance, in
leveraging AI for enhanced user experiences and education within the industry.
The move reflects a growing trend in the symbiotic relationship between AI and
cryptocurrencies where AI’s data processing capabilities complement the
industry’s needs, and cryptocurrencies incentivize AI research and development.
This article was written by Tareq Sikder at www.financemagnates.com.
