Crypto Exchange Bybit is expanding its scope beyond digital assets to prepare to launch new trading options, including us Stocks, goods, and indexes.
Known for its crypto-leveraged products, the exchange aims to introduce these products by the end of the current quarter.
Trump-era Procrypt Policy Drives the Move to Buybit Stocks
On May 3rd, Bybit CEO Ben Zhou confirmed the development during a livestream event. He said users could quickly trade gold, crude oil, and US stock-leading equipment such as Apple and MicroStrategy.
These additions reflect the platform’s ambitions to significantly change Bybit’s product strategy and serve a wider set of retail and institutional investors.
The trading capabilities are integrated with Bybit’s current infrastructure. This includes the Metatrader 5 (MT5) platform, which already supports leveraged gold trading. Users can access up to 500x leverage on selected equipment, a feature that appeals to high-risk traders.
In particular, the platform offers limited access to gold and oil transactions. So adding US stocks brings a more direct challenge to platforms like Robinhood. This fuses the crypto with traditional funds.
Bybit’s movement, meanwhile, reflects a larger trend in the financial industry where the boundaries between native crypto platforms and traditional brokerage companies are less defined.
In recent months, several traditional trading platforms have expressed interest in offering cryptographic products. At the same time, exchanges like Bybit add traditional assets to suit the needs of investors.
This shift also follows President Donald Trump’s growing policy support for digital assets under his current administration.
Trump has adopted a more favorable attitude towards crypto innovation. This has created a policy environment in which companies like BYBIT are diversifying and pushing companies to remain competitive.
Meanwhile, the product expansion move follows a major security breaches in February. The platform was recently targeted with an exploit that led to the theft of 500,000 ETH, worth around $1.5 billion.
Zhou admitted that 28%, which is part of the stolen funds, is 28%, is cumbersome due to the attacker’s laundry efforts. However, the exchange is working with the broader community to track the remaining funds.
Buybit trading volume. Source: Beincrypto
Despite this set, Bybit appears to be regaining momentum.
Data from Beincrypto shows that user activity and transaction volume are back to levels seen before exploits, suggesting that trust in the platform is back.