Wu Blockchain (@WuBlockchain): Bybit CEO Ben: Hyperliquid Is a Partner Not a Competitor
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Bybit CEO Ben: Hyperliquid Is a Partner Not a Competitor In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou @benbybit said Bybit sees Hyperliquid more as a partner than a direct competitor. He said Bybit has not seen a large number of users actively leaving for Hyperliquid; rather, some users are pushed away by licensing and compliance limits. For example, under Europe's regulatory framework, Bybit's MiCA site cannot offer derivatives, and even with a MiFID license, leverage would be capped at 10x, which he said is "not competitive at all" compared with Hyperliquid. Zhou said users seeking high leverage will naturally move to DEXs, and Hyperliquid offers something Bybit cannot provide under a compliant framework.