Bybit CEO Ben: Reflections and Technical Upgrades Following the October 11th CrashBybit CEO Ben reflected on the October 11 crash that shifted the market into a bearish trend. He highlighted that while the platform remained stable with zero downtime under peak traffic of over 1 million QPS, industry-wide liquidations signaled a need for optimization.In response, Bybit upgraded its Mark Price mechanism to filter pricing anomalies and introduced a new portfolio insurance pool to mitigate Auto-Deleveraging (AD ...

Bybit announced during a livestream that it will launch "MyBank" in February 2026, allowing users to obtain personal IBANs for payments and transfers after completing KYC. Regarding prediction markets, Ben stated that due to high compliance barriers, Bybit will not build its own platform but may explore third-party partnerships in the future. Additionally, in a review of the October 11 market volatility, Bybit has optimized its Mark Price mechanism and introduced a new insurance pool to reduce the frequency ...