Exchanges· ★★★· neutral·

Bybit to expand traditional finance and payments business via licenses

  • —Bybit will focus on licenses, payments and financial infrastructure rather than DEX-style products
  • —CEO Ben Zhou: a CEX should serve as financial infrastructure and a user onboarding gateway
  • —Bybit Card and Bybit Pay will bridge traditional finance and Web3
  • —No specific timeline or new products were announced
Why it matters: Bybit is stepping up competition among exchanges through licenses and payment services, potentially accelerating crypto's integration with traditional finance.
Source: TokenPost
More on this
Exchanges · Oct 8
Ripple Expands Into Leveraged ETF Swap Financing via Ripple Prime
 DeFi · Oct 8
Zcash Expands Payment Options via NEAR Intents Integration
 DeFi · Sep 19
Chainlink expands payment infrastructure for 600 banks via CCIP