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Who owns Bybit?
Bybit is a cryptocurrency exchange founded in 2018 by Ben Zhou, a Singaporean entrepreneur originally from Hangzhou, China. He currently serves as the CEO of Bybit, leading the company from its headquarters in Dubai, United Arab Emirates, after relocating from Singapore in 2022.
Under his leadership, Bybit has grown to become one of the largest cryptocurrency exchanges globally, offering a range of services including spot and derivatives trading, staking, and NFT marketplaces. In February 2025, Bybit suffered a significant security breach, resulting in the theft of approximately $1.5 billion worth of Ethereum.
Despite this, the company assured users that their assets were secure and that the exchange remained solvent. Ben Zhou’s strategic emphasis on continuous platform enhancements and stringent risk management practices has significantly contributed to Bybit’s widespread success. As of 2025, Zhou’s net worth is estimated to be around $2 billion, primarily attributed to his ownership stake in Bybit.
Does Bybit work in the US?
Bybit does not operate legally within the United States due to stringent federal and state regulations governing cryptocurrency exchanges. The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) require exchanges to register and adhere to specific Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, which Bybit has not fully implemented for U.S. users.
Consequently, Bybit restricts access to its platform from U.S. IP addresses, and attempting to bypass these restrictions using methods such as Virtual Private Networks (VPNs) is against its terms of service and can lead to account suspension or asset forfeiture.
While some individuals have explored alternative methods to access Bybit, these approaches carry significant legal and financial risks.
The platform’s terms explicitly prohibit U.S. residents from using its services, and Bybit employs geolocation tools to enforce these restrictions. Engaging with Bybit from the U.S. without proper authorization can result in severe consequences, including the loss of funds and potential legal action.
Why is Bybit banned in the USA?
Bybit is banned in the United States primarily due to non-compliance with U.S. financial regulations. The exchange failed to register with key regulatory bodies like the SEC and CFTC, which are essential for operating legally in the.
U.S. Additionally, Bybit’s offerings, such as derivatives and high-leverage trading, do not align with U.S. rules that limit such financial products. As a result, the platform blocks U.S. users by restricting access and requiring users to confirm they are not based in the country. Despite its ban in the U.S., Bybit remains active in many other regions globally.
Can I use my Bybit account without verification?
You can use your Bybit account without verification,
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