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Bybit Expands Beyond Crypto as CEO Outlines Next Phase of Financial Platform

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4News media
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Published
Updated
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4 new reports

Bybit said it now has more than 250 TradFi perpetual contracts and put cumulative volume on those contracts at about $180 billion since the March launch. Ben Zhou also described a new phase in the company’s move from a crypto exchange toward what it calls The New Financial Platform, with new products and collaborations across traditional and digital markets.

Key claims & sources

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Bybit said it now has more than 250 TradFi perpetual contracts on its platform.
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Bybit said cumulative volume on those TradFi perpetual contracts has reached about $180 billion since the March launch.
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Ben Zhou described the company’s latest stage of expansion from a crypto exchange into what it calls The New Financial Platform.
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The company said the expansion includes new products and collaborations across traditional and digital markets.

What it means

In practice, the notable difference is that Bybit is now naming traditional and digital market products together and pointing to collaborations alongside them. What stays the same in the material is that the company is still presenting this as an exchange-led platform, only with a wider mix of offerings than before.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
+0.5% 2 h before
-0.6% 4 h after
$2.8Tmarket cap at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 13 20:31
+9 h 8 m
Oct 14 05:38
CP CryptoPotato echo
No new facts: release, press; with quotes
+10 h 2 m
Oct 14 06:32
ZyCrypto echo
No new facts: fractional, launching, evolution; with quotes
+15 h 5 m
Oct 14 11:36
BeInCrypto echo
No new facts: using, trade; with quotes

Has this happened before?

WhenWhat happenedFigure
36 days ago Bybit Adopts Zero-Trust Security After 2025 Attack event 1 actors in common · 2 news media