Bybit Makes Fortune Crypto 100 List as Exchange Pushes Beyond Trading

Bybit landed on Fortune's inaugural Crypto 100 list, placed in the CeFi category alongside exchanges, lenders, and custodians. The ranking mixes crypto-native firms with traditional finance institutions, a sign of how far the exchange has traveled since its 2018 launch.

Ben Zhou, Bybit's co-founder and CEO, tied the recognition to user trust and team effort. "Crypto is becoming an integral part of the global financial system," he said in the announcement. Bybit now serves over 80 million users and ranks as the second-largest exchange by trading volume.

The listing itself is a milestone. The deeper read is what Bybit has been doing to earn it.

Over the past year, the exchange pushed beyond spot and derivatives trading into tokenized assets, IPO access through Bybit IPO Express, tokenized equities via xStocks, and AI-powered trading tools. It secured a UAE Virtual Asset Platform Operator License and advanced European operations under the Markets in Crypto-Assets Regulation (MiCAR). That regulatory push matters. Bybit faced scrutiny in multiple jurisdictions, including a 2023 Ontario Securities Commission settlement and restrictions in the UK and Hong Kong. The Fortune recognition, combined with licensed expansion in the UAE and Europe, suggests the exchange is building a compliance track record that could help hold onto institutional flows.