Bybit, the world’s third most visited crypto exchange, made waves at the 4th Tbilisi Silk Road Forum by showcasing its co-founder and CEO, Ben Zhou, as a featured panelist. The forum, held under the theme “Connecting Today, Resilient Tomorrow,” convened in Tbilisi, Georgia on October 26 and 27, bringing together global leaders to delve into the ever-evolving landscape of fintech and cryptocurrency in emerging economies.
Ben Zhou, alongside a distinguished panel of speakers, which included Natia Turnava, Acting Governor and First Vice-Governor of the National Bank of Georgia; Pedro Vieira, Partner at 500 Global; Dr. Andreas Glarner, Legal Partner at MME; and Salim Dhanani, CEO & Co-Founder of Pave, engaged in discussions that illuminated the forum, advancing vital conversations within the fintech industry.
Bybit’s Role in the Evolving Crypto Landscape
When inquired about Bybit’s strategy for selecting operational jurisdictions, Ben Zhou stressed the significance of engaging in cooperative dialogues with progressive governing bodies that acknowledge the possibilities offered by cryptocurrency advancements within their nations. He elucidated the pivotal criteria influencing their choices, encompassing regulatory frameworks, proximity to central banking institutions, as well as the availability of local talent and accommodating policies.
Georgia, thanks to its accommodating central bank and regulatory climate, has surfaced as a forthcoming strategic hub for Bybit’s expansion within the CIS region. In addition, Ben Zhou shared his insights on the evolving trustworthiness of cryptocurrencies. Comparing the state of the industry over the past five years, he noted a remarkable transformation in the blockchain and cryptocurrency space. In 2018, concepts like Web3, NFTs, DeFi, and decentralized exchanges were in their infancy, but today, these concepts are experiencing widespread adoption.
Individuals are increasingly turning to platforms like Bybit not only for cryptocurrency trading but also as secure banking applications for converting fiat currency to cryptocurrencies and earning stable yields through products like Bybit Earn. In discussions about centralized exchanges, security emerged as a paramount concern, and under the leadership of Ben Zhou, Bybit has maintained an impeccable track record. Since its inception in 2018, Bybit has never encountered any outages or breaches, a testament to the company’s unwavering commitment to safeguarding client assets.
Bybit’s Vision for the Future
In closing, Ben Zhou encapsulated Bybit’s core philosophy, remarking, “Today, as we stand at the intersection of fintech and crypto innovation, the world is witnessing a transformative journey. Bybit is committed to being an infrastructure player, building the bridge and road that connects people to the Web3 future. Our mission is to empower individuals, businesses, and economies to thrive in this dynamic landscape. We don’t build the city, but we take people to the city, where the limitless potential of blockchain and cryptocurrency awaits.”
Bybit is a leading cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.
As Bybit continues to bridge the path to Web3 and explore opportunities in emerging markets, it remains at the forefront of innovation in the crypto and fintech space. Ben Zhou’s participation at the Tbilisi Silk Road Forum further solidified the company’s commitment to fostering collaboration between the crypto industry and visionary authorities worldwide.
The 4th Tbilisi Silk Road Forum, attended by over 2,000 participants from more than 60 countries, served as a prominent platform for leaders in government, finance, and diplomacy to discuss factors shaping regional and global trade and connectivity. The two-day event focused on a range of vital topics, including supply chains, logistics services, connectedness, and investments in transportation infrastructure across various modes of transport.
Source: https://blockchainreporter.net/bybit-ceo-ben-zhou-sheds-light-on-web3-vision-and-fintechs-future-at-tbilisi-silk-road-forum/