Exchanges· ★★★· neutral·

Bybit CEO: hack losses fully covered, golden era of global exchanges is over

  • —Bybit covered hack-related losses via operating income by late 2025
  • —Exchange profit fell year-on-year in 2026
  • —Stock and TradFi trading does not yet offset weaker crypto revenue
  • —Strategy focuses on regional expansion and local partners for a US entry
Why it matters: A top-tier exchange admitting falling profit and a shift in growth model points to market consolidation and tougher competition for licenses.
Source: ChainCatcher 链捕手
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