Bybit Names Chris Aruliah New Leader Of Institutional Division

Bybit, the second-biggest crypto exchange in the world by trading volume, has chosen Chris Aruliah, an expert who worked at BCB and Bitstamp, to be its new Institutional Division Head.

He has experience in cryptocurrency and regular trading. Aruliah is expected to find new opportunities and build strong connections with market makers, asset managers, and hedge funds.

Now in charge of Bybit’s institutional plan, he is also expected to help the company handle the challenges of institutional investing.  In his official statement, Aruliah said he believes this new job will help him mix his past leadership skills with Bybit’s services and technology.

Aruliah Hopes To Upgrade Trading For Bybit’s Institutional Customers

Helen Liu, the Chief Operating Officer of Bybit gave her opinion regarding Aruliah’s appointment. She noted that as the crypto market keeps growing and more institutions show interest, Bybit is in a special position to make the most of this growth.

She added that the team’s promise to provide a safe, dependable, and rule-following trading platform, along with Chris’s know-how, makes the firm a reliable partner. Liu further stated that the company is trusted by organizations finding their way through the changing market.

One reason Aruliah fits this role is that he was once an institutional client himself. He led OTC sales at Wincent, learning a lot about what institutional investors need. This experience is said to help him understand the problems and needs institutions have when dealing with the crypto market.

Aruliah stated that his goal at Bybit is to make sure the firm’s institutional clients get the best trading experience in the business. He added that by presenting Bybit’s great platform and the amazing help from the team, he wants to bring in new clients and assist them in making the most of their trading on the platform.

Bybit Removed FX Fees For Mastercard Users In Seven European Countries

Last month, Bybit announced that it had removed foreign exchange charges for Mastercard users in seven European nations. Users in Hungary, Sweden, Denmark, the Czech Republic, Croatia, Bulgaria, and Poland can now use Bybit Card to buy things in their local currencies without paying the 0.5% FX fee.

The exchange said this service improves the user experience by giving better financial options. It said cardholders can pay with local currencies like HUF, SEK, DKK, CZK, HRK, BGN, and PLN, without the extra fee.

Bybit noted that this update helps merchants and frequent travelers in these areas by removing hidden costs. The exchange also said the Bybit Card has several features that make international purchases easier.

A few weeks ago, Bybit announced the launch of Bybit P2P Shield, a new program to improve user trust and security in its peer-to-peer (P2P) trading system. The Bybit P2P Shield gives financial security to qualified users who might fall victim to scams during P2P deals. According to Bybit, this program is first available in certain areas but will soon reach more users worldwide.