Enhancing Platform Stability

Ben Zhou kicked off the keynote by highlighting Bybit's commitment to platform stability. The platform achieved a remarkable 3x increase in transaction volume capacity, leaping from 180,000 to an impressive 380,000 transactions per second. Bybit’s goal is to reach 1 million transactions per second by 2024, ensuring a robust infrastructure. With an uptime of 99.99%, even during major industry movements throughout the year, Bybit continues to set the standard for reliability.

Elevating Institutional Offering

Bybit is actively enhancing its institutional offerings through strategic initiatives. The focus is on improving API connectivity for faster trades and achieving a 50% reduction in institutional API latency with UTA-PRO. Upgrades to the Institutional Loans Service include elevated OTC loan limits for INS clients and seamless integration of UTA on-exchange lending. Additionally, Bybit is integrating Spot Trading into the Portfolio Margin mode of UTA accounts, amplifying capital efficiency for clients' trading strategies.

Eugene's Institutional Insights

Eugene, Head of Institutions at Bybit, shared key institutional achievements. The platform witnessed a remarkable 182% growth in institutional partnerships. Q4 2023 marked an all-time high trading volume of $2 trillion. Bybit welcomed 33 new broker partners, achieving a 75% improvement in spot liquidity. The addition of ETH2.0 staking aims to enhance capital efficiency for institutional clients utilizing Bybit's Unified Trading Account (UTA), featuring newly added Perp Protect, customizable collateral assets, and more.

More Platform Updates

Ben also discussed additional platform updates, including advancements in Copy Trading with SyncMaster, Copy Order Protection, and integrated referral links. The introduction of Bot Trading showcased the fusion of Futures Bots and Copy Trading, featuring a new Futures Martingale Bot with impressive APR. The new Bot Leaderboard allows users to easily copy high-yield strategies, with profit withdrawal support now available from running bots.

AI Powered Trading

The keynote highlighted the advent of AI-powered trading at Bybit, ushering in a new era of 24/7 trading opportunities. Users can now trade smarter, not harder, bidding farewell to the continuous grind of active trading. The success of AI-powered trading is evidenced by over $107,000,000 invested, boasting an impressive win rate of over 70%.

#TheCryptoArk’s Commitment

Highlighting Bybit's distinct identity, the keynote underscored the platform's role as more than just a trading venue. Bybit stands out as a tight-knit community deeply committed to its users, embodying the essence of #TheCryptoArk.

The Road Ahead — Bybit’s Vision for 2024

The keynote concluded with Ben sharing Bybit's future perspectives for 2024. The focus includes building and enhancing services for institutional clients, improving the quality of life for crypto traders and HODLers through increased accessibility with Bybit Card, and expanding opportunities with the introduction of Easy Options, Explore Options (Web), Altcoin Options (DOGE, SOL, MATIC), Dynamic Delta Hedge, and Smart Auto Investment Dual Asset – all set to be launched in Q1 2024.

Bybit is ready to embark on a fruitful 2024 with you!

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