Hello everyone. It's good to see you all. Welcome to another session of keynote with Ben. This time actually marks the number 10 keynote that I've done again. We are live. It's good to see you all. If you have questions, suggestions, you can always leave in the comment section. I'll try to get to you. Today I got a lot to talk about, a lot of reflection and a lot of future vision sharing and the plan of Bybit. So join aboard and it's going to be an exciting session.
So looking back of 2025 guys, it's been a really progressive year for crypto. If I had to pick one word to summarize the year is adoption, right? We've witnessed a lot of crypto adoptions across all boundaries in 2025, in all front, right? Here's our keyword from countries adopting crypto with crypto frameworks, regulators issuing new laws, legislations about crypto as well as legalizing crypto adoption and stable coins, right? And institutions onboarding cryptos, RWAs, and also retail users really overall.
First I want to show you some of the overall top numbers of what's happening in 2025. We've seen that overall the crypto adoption rate has raised 16% of annual growth for crypto ownership as well as we've seen a global adoption rate close to 9%, meaning that 9% of the world population owns crypto. And the unique wallet count increased around 25%, which is quite impressive, right? So indicating a huge year of crypto adoption. And then at the same time wallet scale you can see at 25% a huge increase.
All right. So if you look at the when we look at adoption we also think about regulators and vast the countries embracing. This year we've seen an increasing of 30% of countries issuing VASP license, regulating crypto. MiCA or European license being one of the largest one which came alive in 2025 and also across the whole EU continent. And I'm very proud to say that Bybit is one of the first global exchange to gain license in EU as we are fully operational.
As for ETFs, we've seen a huge 88% increase in approved ETFs in 2025 alone. So, this demonstrated a celebration of crypto adoption even to the traditional markets. And then for crypto market cap, we've seen an overall 40% increase compared to the year before and also onchain settlement exceeding the likes of Visa and Mastercard which is driven by crypto stable coin adoption.
If you look at stable coins, we've seen an increase of 50% in market cap in 2025 with the US leading the way with Genius Act and also followed by many countries such as Hong Kong, UAE, Australia and Singapore all issuing their own version of crypto frameworks. So it's really good to see stable coin growth as we believe it's a core piece of infrastructure to onboard new users.
Also we've seen more and more TradFi firms joining crypto like the likes of Vanguard, BlackRock, JP Morgan all adopting crypto and doubling down.
So with the next thing is with crypto above summary I hope that you can see that the trend for crypto adoption is accelerating at exponential speed. Countries, regulators, institutions and retails are all embracing this technology. The reason being that it simply solves a lot of existing financial challenges. Crypto is the infrastructure of the new financial system. So at Bybit we operate more than 180 countries and we are seeing this shift happening really in front of our eyes.
The current financial system is segregated. People living in different parts of the world get very different sets of choice when it comes to financial infrastructure. There are still 1.4 billion people in the world as unbanked. Quite really crazy to think about. However, with crypto, global users anywhere, anytime can participate in this new financial market as long as they have internet and a smartphone.
With the Bybit app alone, you can access banking like products, payments, cards, wealth management, and even structured product at the click of their fingers. So crypto really drops all the geopolitical barriers for global participants to participate in this new open market.
Now if you look at the comparison between the traditional and the current crypto is simply much more efficient and faster. It's 24/7. It never stops. And if you think about you're making a global remittance whether you are from one part of the world to another, it takes less than two minutes. If you compare to the current SWIFT system it takes days and the cost is much higher.
So with this trend we firmly believe the power of crypto and how the world can be improved with this technology. It will connect billions of people into a unified global and more efficient and transparent marketplace. So today we're still extremely early as the world adoption rate is only 8%. Much more work is ahead of us and the Bybit vision is to become the catalyst or fuel to this crypto adoption by bridging TradFi world to this new financial market by building the infrastructure to onboard more and more users.
Therefore, we want to be the new financial platform, not just exchange, right? Which reflects the true spirit of crypto. We will use crypto as the underlying core infrastructure to truly connects everyone globally, provide them with banking, payment, wealth management, and financial services 24/7 in a much more efficient and unified way. So, we want to become the new financial platform. And I have a video for you.
So we want to be the new financial platform and this is not just a slogan actually we've been putting into the work of it for many many years. First, by being a financial platform, we need to be long-term and we need to be compliant. That's the first key. Be compliant and operate in a compliant approach is really the long-term vision of Bybit. And we have always been compliant as we never had any issues with any global regulators. And we're compliant in all the regions we operate in.
Thanks to the 82 million users we have today onboarded from 181 countries we hold license from all over the world and we're continue to apply and go get more license globally. Some of the key achievement from 2025 is that we have the MiCA license which we got from our FMA Austria one of the most respected and stringent regulator globally. We are also the only exchange that gotten our federal level ESCA license from the UAE. As you can see, we covered pretty much global all the global regions as we pushing for promoting global crypto adoption and getting licensed is one of the key expansion plan.
Now you can see also in our next agenda our future outlook for our licensing plan. With that we are planning to get more and more countries as we grow. There's more countries following up in the road map. Okay.
As a financial platform, establishing a truly global infrastructure is the key. So, Bybit team have been working tirelessly towards this goal since 2021 to unite people from all over the world with our infrastructure.
Today, we're connected to more than 200 countries in the world. Meaning that from these countries we have local on and off ramp solutions supported, payment gateway connected and the Bybit card issued. We're connected to almost close to 2,000 local banks and support more than 85 fiat gateways. So when people think about today they don't just think of exchange since last year Bybit card had been a huge product by our clients loved globally. We've managed to issue close to three million cards across the world. Clients now can connect their crypto to debit card to buy coffee, do groceries, and buy online subscriptions with a discount and earn a cashback reward.
At the same time, Bybit Pay is another product that's very popular in Latam, Africa, basically developing world. We're connecting to more than 10 local payment gateways such as Pix in Brazil and M-Pesa in Kenya. Fiat Card and Bybit Pay is what we consider the main infrastructure to onboard and connect global users. So user can rely on our infrastructure on and off ramp with fiat as well as use their crypto for day-to-day transaction.
However, at the same time, our job is not only to connect users but also connecting TradFi players to this exciting new financial system. TradFi firms face another set of challenge when considering embracing crypto. We need to make sure we have the right license in place. We need to make sure we have the right tools for them to onboard such as custody solutions such as RWAs.
This is why RWA has been a huge focus for us. We are probably the exchange that connected to most RWAs. We work with partners like UBS, QNB, DGFT to onboard these RWAs whether it's T-bill based or even gold based RWAs. Now on top of RWAs these firms also requires loan solutions also custody solutions and this is why we have connected to most global custody players like ClearLoop, like Fireblocks.
And last year alone we also onboarded many asset management firms. Bybit has one of the best institution infrastructure for these asset management firms. One of the key ask is off exchange solutions. And on top of that is how can we offer loans on top of the off exchange solutions and that's something we've been working on as well. So now I want to introduce a product been requested by many institutions. Let's look at the video.
Now I hope you enjoy the video. This video is about Bybit Custody. We've already launched it. Many institutions can use it. Now the advantage of Bybit Custody is you can get an off exchange loan on top of the asset that you have under an off exchange solution. At the same time we are rolling this out to our VIP clients. So all of the VIPs can enjoy this product as well. They can even set multisig to make sure their asset is completely safeguarded.
All right. So on the topic of bridging TradFi to crypto, how to connect existing users back to TradFi is also something we've been working on. Otherwise it's really only one way highway, right? So users with crypto, they also want to be able to trade TradFi product like gold, forex, commodity indexes. Recently especially many users want to trade gold and silver because it's been a really good market and we've been targeting this problem since 2022 as you can see on the chart. We were the first platform that offered MT4 solution for clients to trade the CFD product and by getting keep improving this product since last year we finally launched it and integrated into our app and web. So now users can use our app trade file to trade directly.
Now under the Bybit TradFi we support more than 200 traditional pairs. Zero commission charges and on a daily average we're committing around 30 to 40 billion a day on the trading volume. So that's a huge product has been supported and you can trade many things like China 850, Nikkei 225, NASDAQ, gold, silver, forex, you name it. Okay.
Another sector that we want to focus is wealth accumulation. How do we earn for our clients? So client doesn't have to always trade. Once they get crypto, they can use Bybit to earn, right? We want to provide the same level of private banking services to clients that couldn't get the service globally. With Bybit Earn, whether you are from Nigeria or Brazil or India, with one app, we serve you same like a private banking clients. I offer you a great suite of products from flexible to fixed from structured product to onchain earn.
So so far our clients have entrusted more than 7 billion asset to Bybit earn program for wealth generation among which flexible saving is one of the most popular product. You can earn on the go even for our card users when you are not spending your balance is automatically in flexible savings. So you can earn up to 12% APY and yield. At the same time, we launched Bybit Earn program which essentially allows you to use all of your earn or wealth management portfolio as collateral to trade. So you're not wasting or missing opportunities even when you are trading. So far 110 million have been committed in 2025 alone from all three million users globally in our earn program.
On top of that, we were the first one to launch private wealth management program since last year, February. And this program has been overwhelmingly popular among VIP clients. And what this product does is we offer you a tailor made solution for your deposit or your investment need. To give you example, if you have 200k stable coin, 200k in bitcoin, 200k in let's say ethereum and your preference is to place your stable coin in a market neutral strategy like funding fee arbitrage and your bitcoin in a more aggressive strategy. And then your stable coin it needs to be flexible after six months where your other token can be locked for one year. With all these need and demand, we will take it back, bundle them and then present one investment portfolio for you. What you need to do is open your app, see the max the expected draw down, the expected yield and then all you need to click and deploy. So with our private wealth management product, you can really enjoy a banking grade private management service.
And this is a first in the industry. And as we grow we want to continue to offer this type of banking grade services to clients over all over the world. Okay. All right. So, but still with all of these I've mentioned so far, there's still one thing that's missing. I think you all know it and a lot of clients been asking for it is can we offer a retail banking product. Okay. Now, this product is something have been asked for many. What it means is that can you have a bank account access directly on Bybit because sometimes it's not easy on and off ramp directly you know from your bank account to a crypto exchange you get challenges from here and there so we've been asking ourself can we simply offer a retail banking account to our users the moment they finish KYC and on boarding well now it's here so let me show you a video.
Very exciting, guys. So, what does this product mean? It literally means that we're giving you your personal bank account immediately after you KYC and onboarded with Bybit. This bank account is under your own name under your own IBAN or bank or account number to receive fiat or to transfer in and out fiat to third party even to pay bills. Okay, with this product this will eliminate a lot of difficulty and challenges you see today. So you can actually make a fiat deposit to Bybit directly from your bank account to your bank account under your own name. So to the bank, they're simply doing a transfer to your own bank account. At the same time, you can even use this to buy a car to pay for apartment and things like that. No hustle. Yeah. So we're working with a few banking partners for this product and we're launching this service in February. By the way, I should show you what the product look like. Here we go. Sorry, I forgot to do the slides. Yeah. So, please stay tuned. Very exciting, huge announcement coming in February. Okay.
All right. So, I think there's some live questions coming from the audience. Let's pick a few. All right. The first one is RWA. Has RWA become a hot topic in the industry? May I ask Bybit if Bybit has made relevant agreement on what specific action has been taken in this regard? Yeah, like I mentioned just now RWA is a huge direction that we focus on. I think Bybit is probably one of the exchange that integrated the most RWAs especially with our banking partners like QNB and also with DGFT. We're continue to work on this direction to recognize more RWAs so they can use this to directly mint on Bybit and trade with their RWAs. Okay. All right. Very good.
All right. Let's come back. So, so far I've demonstrated how Bybit has always been pursuing this directions to become the next level financial platform. We want to become the catalyst to really fuel this crypto adoption to change the financial world forever. So how do we make it happen if you ask me? I think by really building our platform bit by bit. There's really no easy way. It takes daily grounding right. The Bybit team is a product-driven team. We are a team of people with humble and human approach. Our focus is to really solve real life problems for our clients and provide real values so we can filter out a lot of noises in the industry. Our core value is listen, care and improve. We love to meet our clients globally from here and there. We have a open office policy. Any clients can meet us in our office for in the crypto arc. Here's some photos of the meetups.
Last year alone in 2025 we've conducted hundreds of events globally to meet our clients. We've done 94 clients VIP meetups to collect feedbacks to how to improve our product and services. So a lot of these feedback is collected from face to face and by simply listening and improving right now one of the key feedback we've been collecting is how do you make Bybit products simpler because today we have so much product line from fiat to pay to card to trading to wealth management to trade. If you're a new user, our app can be really intimidating sometimes. So, here's a few things. We made our clients simpler. I want to play you a few videos.
All right. So, you can see we've did quite a number of changes to the Bybit app to make it simpler. At the same time, we don't lose the complexity of the app by offering you customizable functions here and there, right? And the next thing we did not only on the existing global app, we also launched something called the Bybit Light. Here's another video.
Yeah, the logic of Bybit Light is really we bundle the features and the product for any new clients that may enjoy such as fiat convert right and then of course the campaigns the airdrops that they need. So with that they are not facing a very big featured app in day one. However, they can always switch in between light and pro right now. And then we look at what are most demanded feature that clients needed to make it simple. One of the we've look at through the customer support chat logs and also the feedback is that most user enjoy our airdrops, mega drops or token splash out of the events we give. But however, client doesn't know where to claim, how much can they claim, what is the rule, how do they make it simple. So, we've launched something called SpotX. Let's take a look.
On one hand, we need to make our product simpler. On the other hand, we need to make it more complex or how should I say make it more enriched so that sophisticated clients or clients have individual customizable need. So that's also another focus we did. Now one of the big changes upgrade that we did in the last six months is the multi-chart function. So now on Bybit app and web you can view multiple chart at the same time. Now this is supported for both app and web. Very exciting. So you can see multiple chart and multiple price action at the same time.
Now the next thing actually we've launched many at different phases such as basically is our algo orders such as TWAP, iceberg, scale order or even chase limit order. These are more sophisticated order types. Actually, a lot of client don't know, but however, if they find out about it, and they start using it, they love it. So, I want to give you a quick demo. Eric is on standby. So, Eric, maybe let's give everyone a quick show of these types, how to find them, how to use them. Yeah.
