The world’s second-largest exchange is entering the U.S. Why not apply for its own licenses, but instead team up with an established American brokerage?
Bybit CEO Ben Zhou confirmed it himself: to enter the U.S., they’ll partner with brokerages like Interactive Brokers (IB), which already have a strong local user base, and go head-to-head with Robinhood. The reason is a tough one to swallow: securing U.S. licenses state by state takes two to three years. By then, startups will be waiting until retirement. Better to wait for the Clarity Act to pass and the SEC to establish a unified federal license—one license for the whole country.
Even more pointed was this line from him: “Never having entered the U.S. before is actually an advantage—we have a completely clean record there.” By contrast, its rival Robinhood reported 28.4 million funded customers and $369 billion in platform assets in its Q2 earnings—impressive numbers, but crypto trading revenue plunged 38% year over year to just $100 million. Bybit is choosing to make its move in the U.S. just as its rival’s growth is losing steam.
Here’s the million-dollar question: when the army of American retail investors rushes in with their brokerage accounts, will their first purchase be $BTC , or will they grab some altcoins while they’re at it?
The market is open in the comments: A) New money will ignite a bull market; B) American retail investors are already numb, and there’s no fresh money coming in. Pick a side and sound off.
$ETH $SOL #Bybit #美国 #Robinhood
Bybit CEO Ben Zhou confirmed it himself: to enter the U.S., they’ll partner with brokerages like Interactive Brokers (IB), which already have a strong local user base, and go head-to-head with Robinhood. The reason is a tough one to swallow: securing U.S. licenses state by state takes two to three years. By then, startups will be waiting until retirement. Better to wait for the Clarity Act to pass and the SEC to establish a unified federal license—one license for the whole country.
Even more pointed was this line from him: “Never having entered the U.S. before is actually an advantage—we have a completely clean record there.” By contrast, its rival Robinhood reported 28.4 million funded customers and $369 billion in platform assets in its Q2 earnings—impressive numbers, but crypto trading revenue plunged 38% year over year to just $100 million. Bybit is choosing to make its move in the U.S. just as its rival’s growth is losing steam.
Here’s the million-dollar question: when the army of American retail investors rushes in with their brokerage accounts, will their first purchase be $BTC , or will they grab some altcoins while they’re at it?
The market is open in the comments: A) New money will ignite a bull market; B) American retail investors are already numb, and there’s no fresh money coming in. Pick a side and sound off.
$ETH $SOL #Bybit #美国 #Robinhood