Bybit opens doors to Chinese users despite regulatory hurdles
Summary
Bybit has removed China from its list of restricted countries, potentially attracting millions of Chinese users. The move is unexpected given China's strict anti-crypto stance. Bybit's competitors have also opened registration for Chinese users, causing panic among internal employees. Bybit is the second-largest crypto exchange by trading volume, processing over $4 billion worth of trades in the last 24 hours. Despite the ban, reports suggest that crypto traders in China have found alternative ways to participate in the crypto market.
