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Crypto exchange Bybit plans to join world of decentralisation

Bybit, the world’s third most popular cryptocurrency exchange, announced plans to invest in technologies that will bring about dramatic changes and ready the world for decentralisation.

Igneus Terrenus, Head of Communications at Bybit, said the centralised exchange was all about rallying people behind a decentralised future during a conversation and group discussion at the World Blockchain Summit Dubai 2022. Bybit’s Head of Communications stated:

 We have a thriving exchange company and are able to make investments that will be profoundly transformative.

Bybit founded BitDAO, one of the world’s largest DAOs in terms of treasury size, and is a key contributor.

Terrenus also said the following:

Bybit aspires to be the infrastructure supplier for the transition to a decentralised future driven by blockchain. Bringing more individuals into the new sector will improve the technological stack and provide additional chances. However, before widespread use, enhancement of Web3 technologies is required.

Trescon hosts the World Blockchain Summit worldwide series. The Summit’s 22nd worldwide edition, powered by Bybit, took place on March 23 and 24, 2022, in Atlantis, The Palm in Dubai.

At Bybit, we believe in supporting the next level of creativity, talent, and technological development which exactly matches the objective of being at the frontline of technical innovation.

said Trescon CEO Mithun Shetty.

About Bybit

Bybit is a cryptocurrency exchange that was founded in March 2018 with the goal of providing a professional platform with an ultra-fast matching engine, outstanding customer service, and multilingual community support for crypto traders. Bybit is a major supporter of Formula One team Oracle Red Bull Racing, as well as Alliance, Astralis, and Virtus.pro.

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