[Global Crypto Assets & Finance Conference 2021] “Current Status and Prospect of the Virtual Asset Financial Market in 2021”_ CEO of Bybit, Ben Zhou

  • Global Crypto Assets & Finance Conference 2021
  • Host: Delio, Korea Crypto Finance Association (KCFA)
  • Date: January 27th — January 29th, 14:00–16:10
  • Website: https://conf.delio.io

Session 1: Current Status and Prospect of the Crypto Asset Financial Market in 2021

▣ Current Status and Prospect of the Virtual Asset Financial Market in 2021_Co-Founder & CEO of Bybit, Ben Zhou

“COVID-19 has compelled many to reexamine their assumptions of risk and diversification. As uncertainty continues to reign the day, many have looked to cryptocurrency, an unlikely source even just a year ago, for answers,” said Ben Zhou.

Crypto May Become More Accessible than Traditional Financial World

“A 2019 Michelmores survey found that 20% of affluent millennials invested in cryptocurrencies, compared with just 3% for the general population,” mentioned Ben Zhou.

Crypto May Become More Accessible than Traditional Financial World

“A 2019 Michelmores survey found that 20% of affluent millennials invested in cryptocurrencies, compared with just 3% for the general population,” mentioned Ben Zhou.

In addition, he said, “High profile players such as MicroStrategy, Grayscale, Square, and PayPal have embraced crypto and made a compelling case for wider adoption.”

Need For Additional Security by Custodian Stewardship Becomes More Essential

“As institutional investors warm to the world of crypto assets and begin to make purchases worth millions of dollars, the need for additional security afforded by custodian stewardship is becoming more and more essential,” stated Mr. Zhou.

Moreover, he said, “Traditional financial institutions, including Singapore-headquartered DBS Bank, looking to offer custodian services is a welcome development.”

Bybit will Make Mass Adoption Ready Platform for Clients

“As a herald and at the vanguard of a new movement, Bybit is willing to work with regulators and financial institutions alike. We have focused on a handful of cryptocurrency pairs that offer the best liquidity, and created a user-friendly and secure trading environment,” he said.

In conclusion, the CEO shared that, “We saw the gaps that early players could not. Bybit is here to make crypto trading simpler and smarter, and make a mass adoption ready platform for individuals and institutional clients who want to get involved, hedge, or trade.”

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