Bybit, a prominent global digital exchange, has been named Centralized Crypto Exchange of the Year at the GB Tech Web3 Awards, held in Dubai. The event celebrated the achievements and innovative contributions within the region’s Web3 ecosystem, bringing together over 120 leaders and organizations from the crypto industry.
Hosted by Motivate Media Group and GB Tech, in collaboration with Arte by Crypto Oasis, the ceremony acknowledged the exceptional accomplishments of 15 winners across various categories. Bybit was recognized for its outstanding performance and unwavering commitment to driving the adoption of decentralized technologies.
As the world’s third most visited global digital exchange, Bybit ranks second in the cryptocurrency derivatives exchange category based on its total daily transaction volume. With nearly 20 million users and over $12 million USD traded daily, Bybit has established itself as a significant player in the industry.
The crypto exchange was commended for its rollout of unique and compelling products, including TradeGPT, AI trading bots, and attractive passive income products via Bybit Earn. These offerings have contributed to Bybit’s success and solidified its reputation as a leader in the crypto space.
Ben Zhou, co-founder and CEO of Bybit, expressed his gratitude for being recognized among such a prestigious group of industry leaders. He emphasized the hard work, dedication, and belief in the transformative power of blockchain technology exhibited by the Bybit team.
The selection process for the GB Tech Web3 Awards involved a panel of judges comprising industry experts and members of the Gulf Business editorial team. Their comprehensive evaluation ensured a balanced assessment of all nominees.
By winning the Centralized Crypto Exchange of the Year award, Bybit’s achievements and contributions have been officially acknowledged. The company remains committed to advancing the industry and providing exceptional service and opportunities in the crypto space.
This recognition further strengthens Bybit’s position as a reliable and innovative global digital exchange. With a focus on driving the adoption of decentralized technologies, Bybit continues to shape the future of the crypto industry.