DUBAI, UAE - Media OutReach - 21 October 2021 - Bybit, one of the world's fastest growing cryptocurrency exchanges, has clinched the "Most Transparent Exchange" award at Crypto Expo Dubai (CED) Awards 2021. The award recognized Bybit for its track record of stellar performance, user feedback, scale and financials.

"We are honored to receive this distinction, and will work hard to uphold our pledge of transparency and reliability to the crypto lovers who come to Bybit. We invest about 25% of our budget in security to safeguard our infrastructure — this is nearly twice the industry average. We are constantly tweaking our platform mechanisms to optimize for security and customer experience to provide the next level of trading for our clients. Crypto is never down, neither is Bybit. We will continue to revolutionize the industry by fusing the best of cryptocurrency and traditional finance to provide an unmatched trading experience and price transparency for our traders," said Igneus Terrenus, Head of Communications, Bybit.

"As organizers of CED 2021, the largest crypto event in the Middle East, we witnessed the growth of users in the crypto exchanges recently. We are happy and honored to present Bybit with the award after a thorough evaluation of Bybit's performance in the past few years." said Dwain Elias Albores, Project Manager of CED 2021. Other factors considered for this award are customer reviews, online traffic and the crypto exchange's financials.

Terrenus was also a speaker on the "Best of Crypto Exchanges" panel at the conference, where he shared Bybit's perspectives on regulations — "Regulations don't have to be a 'challenge' per se — as a crypto exchange, Bybit embraces progressive regulations. Because our vision isn't so different: We want to protect our customers and we want the industry to thrive. In our experience, regulators do listen to feedback from market participants. For the industry to thrive, we need a regulatory framework that is built on dialogues between regulators and ex- perts and people who understand how decentralized finance works."

Crypto Expo Dubai was held on Oct. 14 to 15 at Festival Arena, Dubai Festival City, and was attended by 8,000 industry influencers, market experts, and crypto professionals.