"A wave of executive resignations" after opening up to Chinese users? Bybit CEO: Domestic media "write nonsense" and still recruiting a large number of positions

FX168 Financial News Agency (Asia Pacific) reported that after the large exchange Bybit announced that it would provide cryptocurrency registration and trading services to overseas Chinese users, people familiar with the matter revealed that opening up to Chinese users was a bet, and four senior executives had recently resigned. However, Bybit CEO Ben Zhou stated that some media had misreported layoffs, and in fact the company was still recruiting a large number of positions.

According to people familiar with the matter, Bybit chose to open up to Chinese users based on business growth, which is still risky under Chinese supervision. In addition, four senior executives have also resigned recently.

He believes that if China enforces the law on the mainland, it may affect related employees, and Bybit's reopening to Chinese users can be said to be very bold.

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