Bybit Wins the Most Transparent Exchange at Crypto Expo Dubai 2021

DUBAI, UAE – Media OutReach – 21 October 2021 -
Bybit, one of the world’s fastest growing cryptocurrency exchanges, has
clinched the “Most Transparent Exchange” award at Crypto Expo Dubai (CED)
Awards 2021. The award recognized Bybit for its track record of stellar performance,
user feedback, scale and financials.

“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,” said Igneus Terrenus, Head of Com- munications,
Bybit.

“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.” said
Dwain Elias Albores, Project Manager of CED 2021. Other factors considered for
this award are customer reviews, online traffic and the cryp- to exchange’s
financials.

Terrenus was also a speaker on the “Best
of Crypto Exchanges” panel at the conference, where he shared Bybit’s
perspectives on regulations — “Regulations don’t have to be a ‘challenge’ per
se — as a crypto exchange, 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 ex- perts and people who
understand how decentralized finance works.”

Crypto Expo Dubai was held on Oct. 14 to
15 at Festival Arena, Dubai Festival City, and was attended by 8,000 industry
influencers, market experts, and crypto professionals.