Era of pure crypto exchanges is ending, Bybit CEO says
Bybit’s global campaign positions it as a broader financial platform, though its stock, gold and forex derivatives were already available.
Bybit CEO Ben Zhou announced that the era of pure cryptocurrency exchanges is coming to an end as customers demand a wider range of financial products. Speaking to Cointelegraph, Zhou emphasized that traders of digital assets now also seek stocks, gold, forex, indices, and derivatives, all available within a single platform. This shift is evident in Bybit's recent launch of the "Make Your Move" campaign, which positions the exchange as a comprehensive financial platform.
The company already provides derivatives tied to stocks, gold, and stock indices, as well as forex trading. Zhou's comments come as several major exchanges are winding down operations. BitMEX ceased trading after 11 years, while CoinEx and BitMart announced wind-downs citing declining trading volumes and rising compliance costs.
In contrast, Coinbase is broadening its offerings through its "Everything Exchange" strategy, now including stocks and prediction markets alongside its cryptocurrency offerings. Zhou predicted that future financial platforms will no longer be centered around a single asset class.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
