Bybit CEO Calls on Wall Street to Get Into Crypto

Tram Ho

Ben Zhou, co-founder and CEO of Bybit, the top 3 cryptocurrency exchanges in the world by web traffic, has called on traditional markets to embrace the change driven by cryptocurrencies. death.

Speaking at the Pantera Asia Blockchain Summit, Ben Zhou discussed the growing convergence between traditional financial institutions and cryptocurrencies.

“The infrastructure is already in place and large institutions are exploring and engaging on multiple levels with crypto leaders,” he commented. Wall Street can do more to really embrace innovation in the market and remain relevant.” Ben added that traditional financial services companies are at risk of facing the same fate as Nokia.

CEO Bybit kêu gọi phố Wall tham gia vào lĩnh vực tiền điện tử - Ảnh 1.

Mr. Ben Zhou, co-founder and CEO of Bybit

“Wall Street will gain more by accepting crypto, rather than vice versa,” Ben said.

Ben Zhou believes that cryptocurrencies possess speed and innovation

Ben is referring to the traditional Wall Street approach of assimilating innovation, in its increasingly outdated business model, only to find innovation suffocated and suffocated under processes and constraints. internal regime.

There is a new financial services model for the rapidly evolving world. Energy, innovation, and momentum are all in crypto .”

Ben mentioned the influence and abundant human resources of the crypto industry: “ Wall Street needs to react quickly and keep up with the crypto race to not lag behind the top traders. ” .

Talent is attracted to cryptocurrency because of its faster-paced environment and unlimited possibilities for innovation .” Franklin Bi confirmed so when talking about the time working on Wall Street will take 2 to 3 years to bring a new product to market, not 2 to 3 weeks.

Ben co-founded Bybit in 2018, which started out as a crypto derivatives exchange with several trading pairs. Since then, the exchange has grown into a one-stop-shop for all things crypto with 10 million users. This is partly due to the “can do” attitude of cryptocurrencies, Ben said.

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Source : Genk