Latest news with #BenZhou
Cision Canada
5 days ago
- Business
- Cision Canada
Bybit's $1M EthicHub Investment shifts 100 tons of LATAM coffee to higher-value markets
DUBAI, UAE, July 25, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is reporting significant progress in its strategic partnership with EthicHub, a project supported by Blockchain for Good Alliance (BGA), focused on improving financial inclusion and market access for small holder coffee farmers. During ETHCC week in Paris, Ben Zhou, Co-founder and CEO of Bybit met with EthicHub co-founders Jori Armbruster and Gabriela Chang Valdovinos to review the impact of Bybit's $1 million liquidity investment, announced earlier this year. The collaboration aims to empower rural communities through decentralized finance and sustainable trade opportunities. Driving Growth Through Blockchain Solutions Bybit's $1 million liquidity investment is already fueling measurable results. To date, EthicHub has facilitated more than $5 million in loans across its network, maintaining a default rate below 3 percent, fully covered to protect lenders. The platform has also enabled the sale of over 300 tons of coffee, generating more than $2 million in revenue, and directly supporting more than 10.000 coffee farmers in LATAM. So far, 40 percent of Bybit's investment has been deployed in two high-impact projects: Cosechando Riqueza (Chiapas, Mexico): supported 25 families cultivating 70 hectares of high-quality coffee, promoting agroforestry in regions historically affected by violence. Costal Campesino (Cauca and Nariño, Colombia): helped 22 families producing "Café de Paz," or Peace Coffee — a sustainable alternative for former guerrilla fighters transitioning from coca cultivation to coffee farming. Coffees from these projects are expected to reach European markets starting in August, with a projected increase in sales beginning in September. Shipments of these coffees to Europe are scheduled to begin in August, with sales projected to reach approximately $1.3 million in the months ahead. "EthicHub's model is a powerful example of how blockchain technology can create real economic opportunities and resilience for farming communities that have long been underserved," said Freya Chen, Executive Director at the Blockchain for Good Alliance (BGA)."The results we're seeing — millions in loans, strong repayment rates, and growing coffee sales — prove that decentralized finance can deliver measurable benefits on the ground." #Bybit / #TheCryptoArk / #BGA About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at About EthicHub EthicHub is a decentralized crowdfunding platform designed to connect smallholder farmers in emerging economies with ethical lenders and conscious roasters worldwide. Using blockchain technology, EthicHub offers fair credit and market opportunities to communities underserved by traditional financial systems.
Business Insider
16-07-2025
- Business
- Business Insider
Bybit Strengthens Blockchain Education with WU-Vienna and the Austrian Blockchain Center
Vienna, Austria, July 16th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has forged a strategic partnership with leading Austrian institutions through its licensed European headquarters, Bybit EU. This collaboration brings together the Bybit's real-world tested digital asset capabilities with the academic excellence of Vienna University of Economics and Business (WU Vienna) and the innovation focus of the Austrian Blockchain Center (ABC). The initiative establishes a comprehensive blockchain education as well as research and development framework to support fintech and Web3 talent and startups, and advancing blockchain adoption in Austria. Creating the country's first integrated innovation ecosystem for the digital asset class, the collaboration stands to enrich the learning experience for the future blockchain builders and position Austria as a leader in blockchain education and innovation in the region. Holistic Blockchain Education and Real-World Use Cases The partnership represents a multifaceted initiative designed to bridge the gap between academic theory and industry practice in the cryptocurrency sector. A local task force will be establishing a comprehensive Crypto Research Lab and creating direct pathways between students and the blockchain industry through education and on- and offline events. The Crypto Research Lab will serve as a hub for cutting-edge cryptocurrency research where academic theory meets industry practice. A series of initiatives to bridge students to the industry will connect students to real-world blockchain applications through online lectures, hands-on workshops, educational content, and practical programs. The parties will curate a practical and in-depth program encompassing an entrepreneur incubation track where Bybit's dedicated project evaluation team will assess and potentially invest in promising cryptocurrency startups, while simultaneously developing content frameworks for identifying high-potential ventures. Students will benefit from enhanced fintech curricula delivered by Bybit experts and ambassadors, practical business-building workshops, and streamlined access to internship and management trainee opportunities within the exchange's Austrian operations. The initiative also includes plans for a blockchain-focused hackathon, strategic networking opportunities with the global blockchain and Web3 community, and access to the Austrian Blockchain Conference. Planting Roots in Europe's Crypto Compliance Capital 'Blockchain is one of the most forward-looking industries of our times, which is why Bybit is prioritizing responsible growth through education and empowerment. We are excited to connect with future change-makers in Austria and advance blockchain technology and adoption with WU-Vienna and ABC,' said Ben Zhou, co-founder and CEO of Bybit. 'We're creating Europe's premier cryptocurrency education and research ecosystem. This collaboration will transform how students engage with blockchain technology—from passive learning to active innovation. Vienna's position as a regulatory hub, paired with WU's academic excellence and ABC's research expertise, creates the perfect foundation for developing tomorrow's blockchain leaders and expanding this model throughout Europe.' From left to right: Georg Harer (Head of Legal & Compliance and Managing Director, Bybit EU), Alexander Eisl, Managing Director of the Austrian Blockchain Center, Ben Zhou (Co-Founder & CEO, Bybit), and Alfred Taudes (Head of the WU Research Institute for Cryptoeconomics and Co-Managing Director of the Austrian Blockchain Center) held discussions at the Vienna University of Economics and Business (WU Vienna) in Vienna, Austria, in July. #Bybit / #BybitEU About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA'*' except Malta) via the platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR), Bybit EU delivers fully regulated services, including crypto custody, exchange, and rewards products and more, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCAR), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Contact Au Tony
Business Insider
15-07-2025
- Business
- Business Insider
Bybit Lights Up Vienna: A New Era for Crypto in Europe Begins
Vienna, Austria, July 15th, 2025, Chainwire Bybit EU officially launched its European headquarters in Vienna last week with a landmark event at METAstadt, uniting over 250 guests from fintech, policy, academia, and blockchain sectors. The evening celebrated Austria's emergence as a crypto innovation hub under MiCAR and marked the beginning of Bybit's long-term commitment to Europe. Mazurka Zeng, CEO of Bybit EU, took the stage to present her newly formed team in Vienna alongside Bybit's Board of Directors, highlighting the strength of local leadership and the company's vision for Europe: 'We chose Vienna because it offers clarity, stability, and a thriving ecosystem. This event is about building real, lasting connections with Europe's crypto community.' The event featured keynote speeches by Ben Zhou, CEO and Co-founder of Bybit, who emphasized: 'Bybit EU is about setting a new standard — not just in Austria, but across Europe. We're here to build, together.' Austria's State Secretary for Finance, Barbara Eibinger-Miedl, welcomed the expansion, noting: "The decision by Bybit to establish itself in Austria once again demonstrates that our country offers excellent conditions for international FinTechs – from clear regulatory frameworks and modern digital infrastructure to an innovation-friendly environment. Austria positioned itself early on as a pioneer in implementing the MiCAR regulation and is now one of the most attractive FinTech locations in Europe. As the State Secretary for Finance, it is my goal to further strengthen this competitive advantage." Beyond the stage, guests enjoyed a vibrant program including a red carpet experience to capture hot moments of the evening, engagement activities designed to spark connection and creativity. Notable attendees included Georg Brameshuber (Validvent), Walter Mösenbacher (DAAA), Alfred Taudes (WU Wien), Ed Prinz (DLT), Bjorn Declerck (Tomorrowland), Christian Rau (Mastercard), Attila Dogudan (DO&CO), and Martin Hanzl (EY). The Vienna launch was not just a celebration — it was a signal. Bybit EU is here to stay, grow, and co-create the future of crypto across the continent. Image Text: Ben Zhou, CEO and Co-founder of Bybit, on stage at the official European launch event in Vienna Image Credit: Lisa Leutner More impressions of the event can be accessed via this link. About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA'*' except Malta) via the platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR), Bybit EU delivers fully regulated services, including crypto custody, exchange, and other products, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCAR), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Contact Tony Bybit
Malaysian Reserve
10-07-2025
- Business
- Malaysian Reserve
Bybit EU: Building Trust in a Regulated European Crypto Future
VIENNA, Austria, July 10, 2025 /PRNewswire/ — Today's press conference marks the formal introduction of Bybit EU to Austrian and European media. With its EU headquarters now operational in Vienna and a full MiCAR license issued by Austria's Financial Market Authority (FMA), Bybit EU enters the European market with a clear mission: To deliver fast, secure, and intuitive crypto services built on a foundation of regulatory clarity, transparency, and local engagement. 'Six years ago, we started with zero users and a bold vision. Today, we serve over 72 million users worldwide, and our mission continues. With Bybit EU, we're combining innovation with regulation, building a secure and user-centric crypto ecosystem right here in the heart of Europe', says Ben Zhou, Co-Founder and CEO of Bybit. Bybit EU is now fully operational and regulated under the Markets in Crypto-Assets Regulation (MiCAR), making it one of the first globally active crypto exchanges to obtain full authorization to serve all 29 countries within the European Economic Area. The license was granted earlier this year by Austria's Financial Market Authority (FMA), widely regarded for its balanced and professional approach to digital finance regulation. With this license, Bybit EU becomes a regulated, passported entity equipped to operate across borders with legal certainty and uniform compliance. Vienna as a Strategic Base for European Growth The establishment of Bybit EU is more than a licensing milestone – it represents a structural commitment to building for the long term within Europe's financial and regulatory ecosystem. 'Vienna was deliberately chosen as the location for the company's European headquarters due to its central geographic position, strong legal and financial infrastructure, and access to a highly educated, multilingual workforce. Austria's progressive stance on innovation in finance, along with its evolving sandbox model for digital assets, has positioned it as an ideal launchpad for pan-European crypto services', says Mazurka Zeng, CEO & Managing Director of Bybit EU, highlighting the strategic decision to base operations in Austria. Bybit EU is also investing directly in the local economy. The company is currently expanding its operations with the goal of hiring over 100 professionals in Vienna. In parallel, it is actively building partnerships with Austrian universities and academic institutions in order to support research, education, and innovation in blockchain and financial technology. These initiatives reflect Bybit's commitment to being not just a global platform with European users, but a truly European company with local roots and local relevance. In line with its community-first philosophy, Bybit is also introducing an open-office concept in its Vienna headquarters — creating a space where builders, developers, entrepreneurs, and partners from across the crypto ecosystem are welcome to connect, exchange ideas, and collaborate. The office is intended not only as a workplace, but as a vibrant hub for dialogue, knowledge sharing, and cross-industry innovation in a regulated environment. A Regulated Ecosystem Bybit EU's platform is designed to offer more than trading. It aims to create a real-world crypto ecosystem that meets the evolving needs of users in the European Union, while the company's infrastructure reflects the highest standards of user protection, including ISO/IEC 27001 certification, multi-party computation (MPC) wallet technology, and a strict internal compliance framework aligned with MiCAR and Austrian regulatory requirements. Ultimately, Bybit views MiCAR as a catalyst for responsible growth. The company sees regulation as a competitive advantage in an industry that is increasingly defined by transparency and trust. Bybit EU's presence in Vienna is a signal of its long-term intent to contribute to a mature, well-governed crypto ecosystem—one that is fully integrated with European values, safeguards, and ambitions. 'MiCAR is more than a regulatory framework — it's a turning point for our industry. It brings clarity, accountability, and above all, trust. At Bybit EU, we see compliance not as a burden, but as a driver of long-term value. Our presence in Vienna reflects our commitment to building a transparent, resilient, and truly European crypto ecosystem that is grounded in legal certainty and aligned with the values and expectations of the European Union', says Georg Harer, Managing Director and Head of Legal & Compliance at Bybit EU. #Bybit / #BybitEU / #MiCAR About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA'*' except Malta) via the platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR), Bybit EU delivers fully regulated services, including crypto custody, exchange, and rewards products and more, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCAR), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Media Contact: [email protected] Photo – Logo – View original content:
Business Insider
24-06-2025
- Business
- Business Insider
Byreal Signals Dawn of Onchain Capital Markets with Bold Debut at Solana APEX
At one of the most anticipated fireside sessions of Solana APEX, three industry heavyweights—Solana Foundation President Lily Liu, Bybit Co-founder and CEO Ben Zhou, and Byreal Founder Emily Bao—came together to deliver more than just a product launch. They delivered a vision: one where real assets finally flow seamlessly across centralized and decentralized financial systems. The crowd packed into the room, and the mood was electric. The conversation wasn't just about Byreal—it was about what the future of DeFi should look like. 'Onchain capital markets for traditional assets are closer than we think,' said Lily Liu, opening with a sweeping vision of Solana's next chapter. She laid out Solana's ambition to become the premier ecosystem for capital—supporting everything from memecoins to money market funds, and with an eye firmly on real-world assets (RWAs). Liu emphasized the trillion-dollar opportunity: a future where tokenized equities like those planned in the upcoming xStocks project could give global investors exposure to public markets (outside the U.S.), all built natively onchain. Ben Zhou, CEO of Bybit, reinforced this convergence, sharing how Bybit is aggressively bridging TradFi and Web3. 'It is no longer CEX versus DEX. Now it's CEX plus DEX,' Zhou declared. He pointed to Bybit's new MiCAR license in Europe, enabling direct crypto access via bank accounts, and the expansion of TradFi instruments like indices, forex, and stock CFDs on Bybit's platform. But most crucially, he spotlighted Byreal—a project incubated by Bybit to meet the growing need for deep, programmable, onchain liquidity. At the heart of the fireside was Byreal's founder, Emily Bao, who took the mic with equal parts clarity and conviction. 'A great exchange doesn't just facilitate transactions—it reveals value.' She dissected the current state of DeFi, calling out the distortion created by overhyped projects and mismatched valuations from the last bull run. She positioned Byreal as a permissioned DEX on Solana, curating highly-demanded assets and providing real trading infrastructure for real users. 'We're not here to compete for market share. We're here to bridge fragmented liquidity and help high-potential projects grow. We want traders to discover the next great asset early—and with conviction.' Byreal, she explained, is designed to sit at the intersection of CeFi depth and DeFi access. Its smart routing engine will unify fragmented order books and bring institutional-grade execution to the onchain world. Byreal's public beta drops June 30. Launching first on Solana. Byreal is the ultimate liquidity layer built for real assets, delivering unmatched liquidity for users. It integrates DEX, Launch, and Vault into a unified smart routing architecture, forming a full-cycle growth engine that supports asset discovery, trading, and yield generation across multiple ecosystems. Launching first on Solana. Contact Founder Emily Bao Byreal
