TradFi firms are increasingly warming to cryptocurrencies, says Bybit CEO Ben Zhou
When Ben Zhou founded Bybit in 2018, he first had to convince his team that Bitcoin wasn’t a scam.
Eight years later, digital assets are now mainstream. Governments and traditional finance institutions are warming to cryptocurrencies, perhaps most dramatically shown by the U.S.’s passage of the GENIUS Act last year.
“The traditional world is embracing crypto,” Zhou, who leads the world’s second-largest crypto exchange by trading volume, tells Fortune. “If they don’t embrace it, they will be obsolete, especially with crypto wallet adoption growing 20 to 30% each year.”
Currencies like stablecoins are becoming increasingly regulated, and can now be used for things like remittances and payments, Zhou adds. In…
