Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced a strategic evolution of its Web3 product suite as part of the company’s commitment to delivering enhanced Onchain experiences. This initiative represents a focused approach to Web3 innovation, concentrating resources on high-value services while streamlining the overall product portfolio.
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The strategic realignment sees Bybit maintaining and enhancing four core Web3 offerings: Seed Phrase Wallet, Airdrop Arcade, Onchain Staking, and DApp services. These services have demonstrated consistent user engagement and align with Bybit’s vision for providing seamless access to decentralized finance and Web3 ecosystems.
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Since we unveiled our strategy to build Onchain Bybit, a more powerful decentralized trading platform, we have been actively exploring, refining and building on this vision. As part of the Onchain Bybit roadmap, we will gradually replace existing offerings and introduce new, user-friendly products — designed to meet the growing expectations of Web3 users and push the boundaries of decentralized trading.
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“This strategic evolution represents our dedication to Web3’s foundational principles while adapting to the evolving needs of our users,” said Emily Bao, Head of Spot and Web3 at Bybit. “By focusing our resources on our most popular services, we’re creating opportunities to build more powerful, efficient Onchain tools that deliver genuine value. Our goal is to provide users with a lighter, more intuitive Onchain experience that maintains true self-custody principles while enhancing functionality.”
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Source – PR Newswire
