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Bybit – the most transparent exchange

Bybit – the most transparent exchange

At Crypto Expo Dubai (CED) Awards 2021, Bybit received the award of “the most transparent exchange”. It was recognised for its “stellar performance, user feedback, scale and financials.” 

Crypto Expo Dubai is an event that was held on 14 and 15 October at the Festival Arena in Dubai, and was attended by around 8,000 cryptocurrency influencers, professionals and experts. 

In a PR, Igneus Terrenus, Head of Communications at Bybit had the following to say of his company’s award: 

"We are honored to receive this distinction, and will work hard to uphold our pledge of transparency and reliability to the crypto lovers who come to Bybit. We invest about 25% of our budget in security to safeguard our infrastructure — this is nearly twice the industry average. We are constantly tweaking our platform mechanisms to optimize for security and customer experience to provide the next level of trading for our clients. Crypto is never down, neither is Bybit. We will continue to revolutionize the industry by fusing the best of cryptocurrency and traditional finance to provide an unmatched trading experience and price transparency for our traders," 

Terrenus was also a speaker at the event and he shared his views on the regulatory environment for exchanges, saying that he was comfortable with regulations and that they didn’t have to be a challenge. 

“Bybit embraces progressive regulations. Because our vision isn't so different: We want to protect our customers and we want the industry to thrive. In our experience, regulators do listen to feedback from market participants. For the industry to thrive, we need a regulatory framework that is built on dialogues between regulators and experts and people who understand how decentralized finance works." 

Dwain Elias Albores, Project Manager of CED 2021 said: 

"As organizers of CED 2021, the largest crypto event in the Middle East, we witnessed the growth of users in the crypto exchanges recently. We are happy and honored to present Bybit with the award after a thorough evaluation of Bybit's performance in the past few years. Other factors considered for this award are customer reviews, online traffic and the crypto exchange's financials. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.  

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