Cryptocurrency News

Bybit Explores Crypto Adoption Potential in Vietnam and Invests in Local Ecosystem for User Growth

By February 24, 2023 No Comments

The leadership team of Bybit, a leading cryptocurrency exchange, recently visited Vietnam to explore the potential for crypto adoption in the region. The team held meetings with affiliates, startups, and clients to gain insight into the market and develop strategies to provide better products and services to Bybit’s Vietnamese users.

Vietnam’s Emergence in Global Crypto Adoption

Vietnam has the highest crypto adoption rate in the world and is experiencing rapid growth in blockchain dApp’s and games. Bybit’s total trading volume in Vietnam tripled in 2022.

Bybit CEO

Bybit’s Investment in Vietnam’s Crypto Ecosystem

To support its growing user base in Vietnam, Bybit has announced reliable and secure fiat on/off-ramps for Vietnamese dong with zero fees on P2P transactions. Vietnam’s ever-growing crypto user base can take advantage of all the digital asset opportunities that Bybit has to offer, from ICO organizations like token launchpad to AI-driven trading bots.

To ensure its products and services meet the needs of local customers, Bybit has a dedicated customer service team to handle inquiries from clients in Vietnam. Additionally, the platform does not neglect to attend blockchain conferences and other crypto-related events in Vietnam, as well as holding competitions and exclusive giveaways on Telegram and Facebook. The company also plans to expand its investment in other social media channels.

Quotes By CEO

“Recent data has shown that Vietnam has emerged as a major player in the global crypto adoption scene,” said Ben Zhou, CEO of Bybit. “Bybit’s focus in Vietnam is more forward-looking, less number obsessed, and goes beyond market share. We want to be part of Vietnam’s vibrant crypto culture and build the platform of choice as more people diversify into digital assets.”

Ben Zhou also expressed his inspiration from the exciting ecosystem of crypto start-ups in Vietnam. By listening carefully to Vietnamese users’ preferences, the company has created products that meet the specific needs of this market. By partnering with Bybit, Vietnamese crypto stakeholders can leverage the company’s market-leading business to achieve greater success in this market. As Vietnam has the highest crypto adoption rate in the world, Bybit’s investment in the country’s crypto ecosystem and dedication to serving local customers can help the platform become the preferred choice for digital asset opportunities.