Bybit strives to be an infrastructure provider for decentralization

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DUBAI, United Arab Emirates, March 25, 2022 — Bybit, the world’s third most visited cryptocurrency exchange, said it is investing in technology that will drive revolutionary change and prepare the world for decentralization.

Speaking by the fire and during a panel discussion at the World Blockchain Summit Dubai 2022, Igneus Terrenus, head of communications at Bybit, said the centralized exchange was aimed at getting people behind a decentralized future.

“We run a very successful stock exchange company and we are able to invest in projects that will prove to be fundamentally revolutionary. Bybit is the instigator and major contributor of BitDAO – one of the world’s largest DAO in terms of treasury. BitDAO has allocated hundreds of millions of dollars to blockchain gaming with Game7, Layer 2 scaling solutions with zkDAO and blockchain research with EduDAO and eight of the world’s most prestigious universities,” said Igneus Terrenus, head of communications at Bybit.

Web3 technologies must mature before mass adoption can take place. But employing more people in the new space will contribute to a better technology stack and more opportunities. Bybit aims to be the infrastructure provider for the transition to a blockchain-powered decentralized future. “We see ourselves as a mediator to help people of all skills and knowledge levels access web3 technologies and innovations they could use. We want to bring more people to space because we really see the value in that,” said Terrenus.

The World Blockchain Summit global series is hosted by Trescon to connect global leaders, thinkers and investors in blockchain and crypto innovations. The 22nd global edition of the Summit was powered by Bybit and took place at Atlantis, The Palm in Dubai on March 23 and 24, 2022.

“Bybit’s core ethos is to support the next level of innovation, talent and technology development. This aligns perfectly with our vision to be at the forefront of technological innovation,” said Mithun Shetty, CEO of Trescon. “We appreciate Bybit’s support and all the great work we can do through this partnership,” he added.

About Bybit

Bybit is a cryptocurrency exchange founded in March 2018 to provide 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 worldwide, and strives to be the most trusted exchange for the emerging digital asset class. Bybit is the proud partner of Formula 1 racing team Oracle Red Bull Racing, esports teams such as NAVI, Alliance, Astralis and; German football club Borussia Dortmund and Japanese football club Avispa Fukuoka.

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