Bybit CEO: Crypto sets higher standards for reserves

Bybit CEO: Crypto sets higher standards for reserves

ALBAWABA - Bybit CEO Ben Zhou said crypto sets higher standards for proof of reserves for traditional finance, according to a statement by the firm.

"The future of the crypto industry is one step closer to its full potential," Zhou said. He explained that technology will "lead the way in restoring trust in crypto, and legitimate exchanges have what it takes to outperform traditional financial institutions in terms of transparency."

Speaking at a panel discussion at Blockchain Life 2023 in Dubai, the United Arab Emirates, earlier in the week, Zhou proposed "leveraging the open nature and real-time verification that decentralized technology offers," said Bybit in the statement emailed to Albawaba by the Dubai-based Public Relations firm, White Label Strategy.