The firm's Web3 will introduce multi-wallet integration for managing custodial and MPC wallets.
October witnessed a surge of nearly 80% in volumes on the platform, highlighting strong trading activity.
The cryptocurrency
exchange Bybit has announced its Web3 vision on its fifth anniversary, with a
focus on creating a decentralized ecosystem that is simpler, and equal for all.
Web3
Integration: Bybit Aims to Connect and Unify Wallet Systems
Bybit
aims to be open to all builders, creators, and partners in the blockchain
space, emphasizing collaboration within the community to create an environment
where blockchain technology empowers everyone equally.
Additionally,
its objective is to connect and unify currently segregated wallet systems into
a cohesive experience that links users across various Web3 ecosystems,
platforms, and services. Bybit Web3 will introduce multi-wallet integration,
enabling users to manage both custodial and MPC wallets effortlessly.
Ben
Zhou, the Co-Founder and CEO of Bybit, said: "Our Web3 vision is an extension
of our promise to be the Crypto Ark, safeguarding user assets and seamlessly
integrating them into the world of crypto. We want to help bridge more users
from Web2 into Web3, by building a decentralized ecosystem that's simpler,
open, and equal for all."
Users
will be able to access decentralized applications, NFT marketplaces, and the
full spectrum of Web3 features and services directly from the Bybit Wallet.
This allows users to conveniently manage their decentralized finance portfolios,
covering buying, selling, trading, swapping, and staking DeFi assets, all on a
single platform.
As
part of the integration of partners into the Web3 space, such as the Oracle Red
Bull Racing Velocity series, Bybit plans to further enhance its Web3
infrastructure. This involves fostering partnerships with significant
blockchain ecosystems and projects, along with the launch of its revamped NFT
marketplace.
ByBit's October Sees Nearly 80% Spike in
Volumes
Finance Magnates reported that in
October, the
cryptocurrency market experienced a significant uptrend, known as
"Uptober," with Bitcoin's surge of nearly 30% driving retail trader
activity and boosting spot volumes among the top 10 exchanges. On average,
these exchanges saw an increase of 54% in volumes compared to September, rebounding
from the lowest point in 2023.
ByBit and OKX achieved
remarkable monthly volume growth of almost 80%, reshuffling rankings with Huobi
giving way to Bybit in third place. Despite some exchanges like Binance and
Coinbase seeing year-over-year volume declines, others such as Upbit and Huobi
witnessed an increase of more than 50%. The overall performance of the top 10 platforms
comparing October 2023 to October 2022 was -6%, a significant improvement from
a decline of roughly 70% reported a month earlier.
The cryptocurrency
exchange Bybit has announced its Web3 vision on its fifth anniversary, with a
focus on creating a decentralized ecosystem that is simpler, and equal for all.
Web3
Integration: Bybit Aims to Connect and Unify Wallet Systems
Bybit
aims to be open to all builders, creators, and partners in the blockchain
space, emphasizing collaboration within the community to create an environment
where blockchain technology empowers everyone equally.
Additionally,
its objective is to connect and unify currently segregated wallet systems into
a cohesive experience that links users across various Web3 ecosystems,
platforms, and services. Bybit Web3 will introduce multi-wallet integration,
enabling users to manage both custodial and MPC wallets effortlessly.
Ben
Zhou, the Co-Founder and CEO of Bybit, said: "Our Web3 vision is an extension
of our promise to be the Crypto Ark, safeguarding user assets and seamlessly
integrating them into the world of crypto. We want to help bridge more users
from Web2 into Web3, by building a decentralized ecosystem that's simpler,
open, and equal for all."
Users
will be able to access decentralized applications, NFT marketplaces, and the
full spectrum of Web3 features and services directly from the Bybit Wallet.
This allows users to conveniently manage their decentralized finance portfolios,
covering buying, selling, trading, swapping, and staking DeFi assets, all on a
single platform.
As
part of the integration of partners into the Web3 space, such as the Oracle Red
Bull Racing Velocity series, Bybit plans to further enhance its Web3
infrastructure. This involves fostering partnerships with significant
blockchain ecosystems and projects, along with the launch of its revamped NFT
marketplace.
ByBit's October Sees Nearly 80% Spike in
Volumes
Finance Magnates reported that in
October, the
cryptocurrency market experienced a significant uptrend, known as
"Uptober," with Bitcoin's surge of nearly 30% driving retail trader
activity and boosting spot volumes among the top 10 exchanges. On average,
these exchanges saw an increase of 54% in volumes compared to September, rebounding
from the lowest point in 2023.
ByBit and OKX achieved
remarkable monthly volume growth of almost 80%, reshuffling rankings with Huobi
giving way to Bybit in third place. Despite some exchanges like Binance and
Coinbase seeing year-over-year volume declines, others such as Upbit and Huobi
witnessed an increase of more than 50%. The overall performance of the top 10 platforms
comparing October 2023 to October 2022 was -6%, a significant improvement from
a decline of roughly 70% reported a month earlier.
Crypto Prime Broker Illegally Operated in the US: Settles for $1.8 Million
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa