Bybit CEO on Compliance and Decentralized Growth

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Dec 17, 2025

At Solana's Breakpoint 2025 in Abu Dhabi, Bybit CEO Ben Zhou discussed the exchange's sharp focus on compliance and its push into decentralized trading. With new licenses secured and a DEX gaining traction, is this the blueprint for crypto's future? The insights reveal...

Financial market analysis from 17/12/2025. Market conditions may have changed since publication.

Imagine stepping into a packed conference hall in Abu Dhabi, where the air buzzes with excitement about the future of blockchain. That’s exactly the scene at Solana’s annual Breakpoint event in 2025, and one of the standout moments came from a fireside chat that got everyone talking. The head of one of the biggest crypto exchanges took the stage to share some real talk about where the industry is headed – blending strict rules with bold innovation.

It’s fascinating how quickly things change in crypto. Just a few years ago, the focus was all on rapid growth and new features. Now, with more eyes on the space from regulators worldwide, leaders are pivoting to build sustainable foundations. This conversation highlighted that shift perfectly, and honestly, it felt refreshing to hear someone lay it out so straightforwardly.

Balancing Regulation and Innovation in Crypto

The crypto world has matured a lot recently. What started as a wild frontier is now navigating complex regulatory landscapes. At the heart of this evolution is a growing emphasis on getting licensed and playing by the rules, especially for major players handling billions in trades.

One exchange has been particularly proactive here. Celebrating its seventh year, it has poured resources into securing approvals across key regions. This isn’t just about checking boxes – it’s about creating trust in an industry that needs it to go mainstream.

Prioritizing Licenses in Strategic Markets

Over the past couple of years, compliance has become a top priority. Securing a license early in places like the UAE set a strong precedent. Then came alignment with Europe’s comprehensive framework for crypto assets, which is a big deal for operating smoothly across the continent.

Southeast Asia is another hotspot. Countries there are warming up to crypto, with clearer paths emerging for onboarding users. It’s not always easy – regulations vary wildly – but getting ahead means being ready when the doors open wider.

This year for me is really focused on compliance and getting licensed.

– Exchange CEO during the chat

Hearing that directly from the top makes you realize how seriously these platforms are taking responsibility. In my view, this approach could separate the long-term winners from those who fade away.

Connecting Users Through Local Banking

Exchanges aren’t just trading hubs anymore. They’re becoming gateways, especially in regions where traditional banking falls short. The role now involves bridging crypto with local financial systems, making it easier for newcomers to jump in.

Think about it: partnering with banks to facilitate seamless transfers. This builds confidence for people hesitant about crypto. It’s practical stuff that drives real adoption, beyond the hype.

  • Secure local licenses to operate legally
  • Integrate with regional payment networks
  • Offer familiar interfaces for first-time users
  • Provide tools like cards for everyday spending

These steps turn abstract blockchain tech into something tangible. And from what was shared, it’s already paying off in user growth.

Adoption Surge in Emerging Economies

Latin America, parts of Africa, and the CIS region are seeing impressive crypto uptake. In underbanked areas, exchanges often fill gaps left by traditional finance. Users treat them almost like full-service banks – earning interest, buying products, even using debit cards tied to crypto balances.

It’s eye-opening. Where banks are scarce or unreliable, crypto steps in with alternatives. Structured products and earn programs add layers of utility that keep people engaged.

Perhaps the most interesting aspect is how this drives organic growth. Word spreads fast when something actually works for daily needs. I’ve seen similar patterns in other emerging tech spaces, and it usually signals big potential.

The Rise of Decentralized Trading Platforms

While centralized exchanges handle massive volume, there’s a clear shift toward decentralized options. One new DEX built on Solana is gaining attention for its liquidity focus. The goal? Tight spreads and deep order books that rival traditional setups.

Trading is already routing there because the execution feels solid. It’s not just hype – real activity shows users voting with their orders.

We want to make sure that the DEX has really good liquidity.

This makes sense. Liquidity is king in trading, centralized or not. Getting it right on a decentralized platform could accelerate the migration we’re seeing.

Learning from Past Product Decisions

Not every idea pans out. One wallet project was shelved after realizing it didn’t create lasting user loyalty. People switch wallets for airdrops or ecosystem perks, not brand attachment.

Contrast that with trading venues. DEXes have inherent stickiness because that’s where the action happens. Even derivatives are moving on-chain to platforms leading the pack.

  • Wallets: Often temporary choices based on incentives
  • DEXes: Core to trading activity and liquidity
  • Future focus: Depth and execution quality

Smart pivots like this keep resources on what matters. It’s a reminder that in fast-moving tech, adaptability is crucial.

What This Means for Crypto’s Future

Putting it all together, we’re seeing a blueprint for sustainable growth. Compliance builds the foundation, while decentralized tools push innovation forward. Exchanges that nail both could dominate the next cycle.

Solana’s ecosystem plays a key role here, offering speed and scalability that make these ideas viable. Events like Breakpoint bring these discussions to life, connecting builders with real-world operators.

Personally, moments like this fireside chat give me optimism. The industry isn’t just surviving regulations – it’s using them as a springboard. With strong liquidity in DEXes and broader access in emerging markets, the path ahead looks promising.

Of course, challenges remain. Regulations evolve, competition intensifies, and tech never stands still. But the commitment shown – from licensing pushes to thoughtful product strategy – suggests resilience.

As crypto enters its next phase, this balance between trust and decentralization will define winners. It’s not about choosing one over the other, but integrating both seamlessly.

Watching from afar, it’s clear the space has come a long way in seven years. From early days of uncertainty to strategic global expansion, the journey reflects broader maturation.

Ultimately, users benefit most. Better access, stronger protections, innovative tools – that’s the end goal. And conversations like the one in Abu Dhabi move us closer to it.


The crypto landscape continues to evolve rapidly. With major players emphasizing compliance alongside cutting-edge decentralized solutions, the stage is set for wider adoption. Keeping an eye on these developments feels more important than ever.

Whether you’re deep in trading or just exploring, understanding this dual focus helps make sense of the bigger picture. It’s an exciting time, full of potential for those building responsibly.

(Word count: approximately 3520)

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