Bybit Unveils Crypto Ark Space in Dubai to Enhance Web3 Adoption

Bybit Unveils Crypto Ark Space in Dubai to Enhance Web3 Adoption

UTC by Steve Muchoki · 3 min read
Bybit Unveils Crypto Ark Space in Dubai to Enhance Web3 Adoption
Photo: Pexels

The first offering of Bybit’s Crypto Ark Space is the Crypto Ark Trading Academy, which will run every Thursday from 7:00 pm to 8:30 pm.

The Bybit cryptocurrency exchange, a top-rated crypto firm with more than 20 million registered global users, has announced plans to ensure a seamless web3 adoption through its Crypto Ark Trading program. According to the statement, Bybit’s Crypto Ark has embarked on a journey to reshape the future of crypto collaboration beginning with its headquarters in Dubai. Moreover, Bybit’s Crypto Ark is focused on bringing together crypto users from different parts of the world to learn and collaborate in regard to the wen3 industry.

In a bid to kickstart the Crypto Ark Space, Bybit has announced that the Crypto Ark Trading Academy will be the first offering geared towards educating the crypto community. Notably, the Crypto Ark Trading Academy has been structured with weekly sessions that demystify the crypto industry to anyone from all levels of the academic ladder. Already, Bybit has announced that popular crypto analysts Ehe alias Crypto Kid on different social media platforms will be conducting weekly seminars on the Crypto Ark Space.

“The Crypto Ark Space is setting the standard for crypto education and community engagement,” said Ben Zhou, co-founder and CEO. “Our aim is to create a future where everyone has access to the knowledge they need to succeed in the world of cryptocurrencies.”

In a bid to ensure global reach, Bybit has announced that the seminars and weekly sessions will be recorded to be easily accessible by the remote audience.

Bybit and the Crypto Market Outlook

Having been established back in 2018 following the 2017 crypto bull market, Bybit has grown to a respectable exchange with deep liquidity. In a bid to foster transparency, the cryptocurrency exchange has provided wallet reserves, whereby all users’ funds have a reserve ratio of more than 100 percent. Moreover, the FTX collapse late last year significantly tarnished the entire centralized exchange ecosystem, which led to most users moving towards non-custodial crypto wallets.

Nonetheless, Bybit has managed to maintain its integrity as a reputable crypto firm that has partnered with Formula One’s Oracle Red Bull Racing team.

In a bid to ensure future growth prospects in a highly competitive web3 industry, Bybit has been developing products that help users interact with crypto seamlessly through regulated channels. For instance, Bybit recently launched the Aurora AI, an advanced artificial intelligence-powered recommendation tool, that is designed to enhance the bot trading experience for skilled traders. Moreover, the company’s Futures Grid Bot’s AI strategy boasts a win rate that exceeds 70 percent.

Having obtained operational approval in different jurisdictions including Kazakhstan and Cyprus, Bybit is well-positioned to attract millions of new crypto users during the upcoming bull market that will be triggered by the fourth Bitcoin halving early next year.

Blockchain News, Cryptocurrency News, News
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