"Bybit has always believed in the ethos of Listen, Care, and Improve. Our users have been requesting the option to purchase crypto on our platform via fiat, and we listened. We took our time searching for the right partner, and when we linked up with Banxa, their track record in the industry gave us the assurance that we needed for our clients to have a peace of mind when conducting fiat-to-crypto transactions on our platform."
"Back in 2017, as experienced professional Wall Street traders and investors, Jack Tao and other founding members of Phemex identified a lack of professionalism, trustworthiness, and customer support within the crypto industry. In the following two years, the number of users engaging in cryptocurrency trading increased significantly. Nevertheless, existing exchanges showed little to no improvement. Realizing the seriousness of the problem, the team left Wall Street and founded Phemex in the summer of 2019. They then dedicated themselves to building a simple, efficient, but most importantly, a trusted cryptocurrency trading platform."