Bybit, a cryptocurrency exchange, is preparing new trading options beyond digital assets. In the United States, it plans to launch trading options including stocks, commodities, and indices.
This exchange, known for cryptocurrency leverage products, plans to introduce these products by the end of this quarter.
Trump's Pro-Cryptocurrency Policy Promotes Bybit's Stock Expansion
On May 3rd, Bybit CEO Ben Zhou confirmed this development during a live stream event. He mentioned that users will soon be able to trade gold, crude oil, and major US stocks like Apple and MicroStrategy.
This addition brings a significant change to Bybit's product strategy, reflecting the platform's ambition to target broader retail and institutional investors.
The trading features will be integrated into Bybit's existing infrastructure, including the MetaTrader 5 (MT5) platform that already supports leveraged gold trading. Users can use up to 500x leverage on selected products, which is attractive to high-risk traders.
Notably, gold and crude oil trading were previously limited on the platform. Therefore, adding US stocks presents a more direct challenge to platforms like Robinhood that combine cryptocurrency and traditional finance.
Meanwhile, Bybit's move reflects a broader trend in the financial industry where boundaries between cryptocurrency platforms and traditional brokerages are becoming increasingly blurred.
In recent months, several traditional trading platforms have shown interest in offering cryptocurrency products. Simultaneously, exchanges like Bybit are adding traditional assets to meet investor demand.
This change follows increased policy support for digital assets under the current administration of President Donald Trump.
Trump has taken a more favorable stance on cryptocurrency innovation, creating a policy environment that allows companies like Bybit to diversify and maintain competitiveness.
Meanwhile, this product expansion comes after a major security breach in February. The platform was targeted in an attack that resulted in the theft of 500,000 ETH, approximately $1.5 billion.
Zhou acknowledged that about 28% of the stolen funds became untraceable due to the attacker's money laundering efforts. However, the exchange is collaborating with the broader community to trace the remaining funds.
Despite these setbacks, Bybit is showing signs of recovery.
According to BeInCrypto's data, user activity and trading volume are recovering to pre-attack levels, suggesting that trust in the platform is returning.
