Bybit Surges Despite Bear Market: CEO Ben Zhou Speaks About the Power of ‘Quiet Growth’
- Bybit Surges Despite Bear Market: CEO Ben Zhou Speaks About the Power of ‘Quiet Growth’
DUBAI, United Arab Emirates | February 03, 2023 05:00 AM Eastern Standard Time
In the face of a bear market, crypto exchange Bybit has continued to surge ahead, achieving fivefold growth in futures trading volume from $2.8 billion to $13.8 billion year to date, according to CoinGecko .
- The surge cemented Bybit's leading position in the crypto derivatives arena having captured the second-highest market share for perpetual and futures contract trading volume.
- The report also noted that Bybit grew its overall market share in each quarter in 2022, despite the bear market.
- “For Bybit, not only are we confident in our ability to weather future downturns, but we have also proven that we can use the opportunities offered in a bear market to come out even stronger.”
“New ideas often come with misconceptions,” Zhou said.