Bybit Enters Traditional Markets with U.S. Stocks and Commodities in Bold Expansion
Bybit, a prominent crypto exchange, is diversifying its offerings by adding U.S. stocks and commodities like gold and crude oil to its trading platform. Announced during a May 3 livestream by CEO Ben Zhou, this move aims to attract a broader range of investors, including those interested in both crypto and traditional finance. Users will soon be able to trade high-profile stocks such as Apple and Microsoft, marking a significant step toward blending the digital and conventional financial worlds.
Bybit is positioning itself as a comprehensive multi-asset trading hub, integrating with MetaTrader 5 (MT5) to allow up to 500x leverage on select instruments. The platform’s expansion reflects growing demand for investment tools that span multiple asset classes, and it signals Bybit’s intent to compete with platforms like Robinhood. This strategic shift coincides with recent U.S. regulatory developments that have made it more feasible for crypto exchanges to offer a wider range of financial products.
The company’s announcement comes on the heels of a major security incident earlier this year, in which hackers stole 500,000 ETH—valued at $1.5 billion. Despite the breach, Bybit has made a notable recovery. CEO Zhou reported that 28% of the stolen funds are untraceable, but active efforts are underway with security firms to recover the remaining assets. The company’s resilience has helped rebuild user trust and restore trading volumes close to pre-incident levels.
Bybit’s expansion signals a larger trend in the digital finance sector, where boundaries between crypto and traditional assets are dissolving. By embracing this hybrid model, Bybit is not only recovering from past setbacks but also setting a new standard for what a modern trading platform can offer. As financial markets continue to evolve, Bybit’s strategic pivot could influence how other crypto exchanges approach diversification and investor engagement.
Source: Naira metrics