Who is the owner of Bybit?

Bybit, a Singapore-based cryptocurrency exchange headquartered in Singapore, was founded in 2018 by Ben Zhou and is owned by its founder, private investors, and employees through stock options and compensation.

Sep 27, 2024 at 05:06 pm

1. Bybit: Ownership and Company Structure

Bybit is a cryptocurrency exchange founded in 2018 and headquartered in Singapore. The company's ownership is structured as follows:

a) Founder and CEO:

• Ben Zhou is the founder and CEO of Bybit. He holds a significant stake in the company and is responsible for its overall strategy and operations.

b) Private Investors:

• A group of private investors, including Goldentree Asset Management and Sequoia Capital, hold a stake in Bybit through equity investments.

c) Employees and Advisors:

• Bybit's employees and advisors also have a stake in the company through stock options and other forms of compensation.

2. Legal Structure and Regulatory Compliance:

• Bybit is a registered company in the Republic of Singapore.
• It is regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA).
• The company adheres to strict anti-money laundering (AML) and know-your-customer (KYC) protocols to ensure regulatory compliance.

3. Key Facts about Bybit:

• Founded: March 2018
• Headquarters: Singapore
• Key Products: Spot trading, derivatives trading, and staking
• Trading Volume: One of the top 10 exchanges worldwide based on spot trading volume
• Supported Cryptocurrencies: Over 200 cryptocurrencies available for trading
• User Base: Millions of users globally