Latest news with #FIU-India
Cision Canada
7 days ago
- Business
- Cision Canada
Bybit's Ben Zhou Charts Bold New Course to Rewrite Crypto Success at Mid-Year Keynote
DUBAI, UAE, Aug. 6, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has unveiled its bold roadmap for the future of crypto, setting the tone for a new era of innovation, security, and trading excellence. In the highly anticipated " Keynote with Ben: Reshaping What's Next, Bit by Bit," CEO and Co-founder Ben Zhou delivered a forward-looking vision grounded in real-world adoption, institutional-grade innovation, and deep ecosystem alignment. Celebrating over six years of service, 74 million users, and a milestone where 1 in 8 crypto enthusiasts globally have chosen Bybit, CEO and Co-founder Ben Zhou reaffirmed the exchange's mission: Rewrite Your Success. Reshape The Standard. "Crypto is no longer just about speculation — it's about real world application. At Bybit, we're not just trading the future; we're rewriting and reshaping what success looks like, bit by bit," said Zhou. Compliance as a Foundation for the Future Bybit opened the keynote with a reaffirmation of its compliance-first approach — a critical pillar as the industry matures. Now fully compliant with the EU's Markets in Crypto-Assets Regulation (MiCAR) framework and securing FIU-India registration in the first half of 2025, Bybit emphasized compliance not as a barrier but as an enabler. Zhou emphasized that "sustainability in crypto begins with trust and transparency," and positioned compliance not as a constraint, but as a catalyst for long-term growth. Rewriting the Industry Security Standard Bybit has also successfully rewritten the industry standard for security following a sophisticated multi-stage attack on one of its vendors in February — the largest known hack in crypto history. While Bybit's own infrastructure remained uncompromised, the company acted swiftly in response. Within weeks, it completed nine extensive security audits — conducted by both internal and independent experts — and implemented over 50 enhanced safeguards. The response drew industry-wide praise and global recognition for its transparency, resilience, and user-first approach. Today, Bybit's security overhaul is regarded as a new benchmark in platform integrity. Trading Excellence Backed by Infrastructure Upgrades Bybit continues to lead in performance and reliability. Its upgraded matching engine now handles 3.5 million transactions per second, processing nearly 200 billion daily orders — a 75% year-over-year increase in the first half of 2025. By extending its Rapid Price Improvement (RPI) mechanism to perpetual contracts, Bybit has delivered 150% higher liquidity and up to 5x better execution across retail and VIP accounts, firmly establishing itself as the go-to destination for professional trading. Setting a New Height in Crypto Wealth Management As institutional and high-net-worth adoption increases, Bybit is reshaping what wealth preservation means in the digital age. Its newly launched wealth management platform has already surpassed $150 million in AUM, offering curated portfolios and strategic services tailored to sophisticated investors — all underpinned by Bybit's trading depth and robust security infrastructure. Redefining Real-World Utility: Bybit Card and Payments Another highlight was the new edition of the Bybit Card — now positioned as a crypto-native business card that integrates seamlessly into both corporate and consumer spending. With support for Visa and Mastercard networks, smart security features, and real-time expense tracking, the card bridges the gap between digital assets and daily transactions. Bybit Card is expected to expand into the EU region in August, with Peru and Colombia lined up for Q4. Bybit's payments infrastructure has also made major strides. Native support for nationwide QR payments in Southeast Asia and LATAM has driven a 719% quarter-over-quarter increase in usage. With over two million users and cross-sector partnerships with local services like Rappi and Vivaticket, Bybit is moving closer to making crypto as usable as "cash". Introducing Bybit Lite to Earn, Manage, and Trade Zhou unveiled the upgraded Bybit App — a unified platform that streamlines both active trading and passive income generation. Bybit Lite is a new upgraded version for casual users and a reimagined Earn section, offering personalized strategies and simplified ways to activate idle capital. A Key Partner of Mantle 2.0 A major announcement was Bybit's deepened strategic alignment with Mantle This partnership sets the stage for what Zhou called "a bold new chapter in institutional-grade on-chain finance." The launch of Mantle 2.0 comes with renewed leadership and tighter ecosystem integration — including Helen Liu, Co-CEO and Partner of Bybit and Emily Bao, Head of Spot and Web3 at Bybit stepping in as key advisors. Together, Bybit, as one of Mantle's ecosystem partners, will accelerate the development of decentralized finance by aligning infrastructure, liquidity, and governance. The collaboration aims to set new standards for scalability and compliance, while tapping into the growing demand for trust-driven DeFi solutions. Reshaping the Standard With this keynote, Bybit signaled more than just platform growth — it marked a shift in how the industry defines success. Zhou's message was clear: The next era of crypto will be shaped by platforms that offer trust, usability, and true innovation. "We believe crypto should be usable, secure, and powerful enough to serve everyone — from first-time users to institutional investors," Zhou said. "Together with our community, we are rewriting the rules and reshaping the space for good." Watch the full keynote replay here. #Bybit / #TheCryptoArk 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
Mint
16-05-2025
- Business
- Mint
5 Crypto Exchanges in India with Security Standards
The Indian crypto landscape has matured rapidly, with exchanges now operating under tighter regulatory scrutiny and investor expectations for robust security. As digital assets become mainstream, safety, compliance, and transparency are non-negotiable for both new and seasoned investors. Given the volatile nature of the crypto markets, investors must stay vigilant and ensure that the platform they use for investment is safe. Here's a deep dive into the five crypto exchanges in India with high standards for security, based on regulatory compliance, user experience, and features. Mudrex is a global crypto investment platform focused on user-centric design with institutional-grade security. Founded in 2018 and backed by Y Combinator, Mudrex has grown into a global platform serving millions of users and is regulated under FIU-India, ensuring strict adherence to anti-money laundering (AML) and know-your-customer (KYC) norms. Video KYC for Withdrawals: This feature adds an additional layer of identity verification. Regulatory Alignment: FIU-India registration ensures compliance with evolving Indian regulations. Cold Storage and Insurance: The majority of assets are stored offline, reducing hacking risks. Insurance coverage offers an added safety net. 650+ Cryptocurrencies: Offers a broad selection of digital assets, including well-known coins and newer altcoins. Curated Coin Sets: Thematic investment options such as the AI Tracker and Ethereum Ecosystem sets support portfolio diversification. Trade Signals and Futures: Provides daily trading insights and access to futures trading with leverage, suitable for users with varying experience levels. Mudrex's focus on investor education, transparent fee structure (0.2% per transaction), and innovative products like Coin Sets make it an ideal platform for safety-conscious investors seeking both simplicity and depth. CoinSwitch is a non-custodial exchange, meaning it does not hold users' funds, an important trust factor for many Indian investors. This model, combined with a straightforward app-based interface, appeals to both crypto newcomers and veterans. Non-Custodial Model: Users retain control over their assets, reducing counterparty risk. KYC Compliance: A simple, quick onboarding process ensures regulatory adherence. Liquidity Aggregation: Trades are routed through multiple global exchanges, securing optimal rates and minimizing slippage. 170+ Cryptocurrencies: Access to a broad range of tokens. Systematic Investment Plans (SIP): Enables disciplined, recurring crypto investments. Analytics Tools: The Pro version offers advanced tools and limit orders for experienced traders. By combining security, simplicity, and a non-custodial approach, CoinSwitch is particularly attractive for users who prioritize control and transparency. ZebPay, one of India's oldest crypto exchanges (established 2014), continues to set benchmarks for security and reliability. With a user base exceeding 5 million, ZebPay's longevity is matched by its commitment to safeguarding user assets. Multi-Signature Wallets: Transactions require multiple approvals, reducing the risk of unauthorised access. Regular Security Audits: Continuous assessment and improvement of security protocols. KYC & AML Policies: Full compliance with Indian regulations. 100+ Cryptocurrencies: A solid selection for trading and investing. Zero Deposit Fees: Lower entry barriers for new users. Staking & Lending: Opportunities to earn passive income on crypto holdings. ZebPay's strong reputation, advanced security infrastructure, and additional features like staking and lending make it a top choice for both beginners and seasoned investors. CoinDCX, launched in 2018, is one of India's largest and most trusted crypto exchanges, with users across the country. Its reputation for security is built on a foundation of robust protocols and regulatory compliance. Data Encryption & Cold Storage: Multi-layer encryption and offline storage protect user assets. Regular Audits: Frequent third-party security audits ensure ongoing platform integrity. Insurance Cover: User assets are insured against breaches, a rare feature among Indian exchanges. 500+ Cryptocurrencies: Wide selection for trading, staking, lending, and margin trading. DCX Learn: A dedicated educational platform for investors. Swift INR Transactions: Instant UPI-based deposits and withdrawals. CoinDCX's blend of advanced trading features, insurance, and regulatory adherence makes it a top choice for security-focused traders and long-term investors alike. Paxful brings a unique peer-to-peer (P2P) model to the Indian market, emphasising accessibility and user control. It's especially popular for Bitcoin and stablecoin trades. Escrow Protection: Funds are held in escrow during trades, protecting both buyers and sellers. Robust KYC: Mandatory verification for all users. Global Compliance: Adheres to international standards, ensuring safe cross-border transactions. 500+ Payment Methods: From UPI to PayPal, users can buy and sell crypto with unmatched flexibility. Zero Buyer Fees: Cost-effective for those looking to enter the market. Mobile App: Seamless trading on the go. For users seeking flexibility and direct peer-to-peer trades, Paxful's security and accessibility are hard to beat. Exchange Key Security Features Regulatory Status No. of Coins Unique Offering Mudrex Video KYC, cold storage, and insured funds FIU-India 650+ Coin Sets, copy trading, education CoinSwitch Non-custodial, KYC, aggregation FIU-India 170 SIPs, liquidity aggregation ZebPay Multi-sig wallets, audits FIU-India 100 Staking, lending, zero deposit fees CoinDCX Encryption, insurance, and audits FIU-India 500 Staking, margin/futures, DCX Learn Paxful Escrow, global KYC, P2P model Global/India-compliant BTC, USDT 500+ payment methods, P2P flexibility Opt for platforms that operate in line with Indian regulations. FIU-India registration and, where relevant, SEBI oversight indicate adherence to KYC, AML, and tax-related guidelines. 2. Security Protocols Look for: Two-factor authentication (2FA) Cold wallet storage Regular third-party security audits Insurance coverage for digital assets Platforms that clearly disclose their fee structures and offer non-custodial options can reduce reliance on intermediaries and provide greater visibility into how assets are handled. Look for platforms that offer access to learning resources, responsive support teams, and open communication. These elements can help stay informed and aware of potential risks. Crypto markets are extremely speculative and can be driven by sentiment, misinformation, and global factors. It is essential that investors conduct due diligence and determine their own risk tolerance before engaging in virtual digital assets. The article has been complied by Mudrex, an Indian crypto exchange and trading platform. Note to the Reader: Readers are advised that Crypto products and NFTs are unregulated and involve significant risks. There may be no regulatory recourse for losses arising from such transactions. Mint/HTDS shall not, in any manner, be responsible or liable for the content of the article, advertisement, including the views, opinions, announcements, declarations, or affirmations expressed therein and is absolved from any legal action or enforceable claims. This content is for informational and awareness purposes only and does not constitute financial advice.
