Bybit to unlock stock, gold & oil trading with 500x leverage by quarter-end

Source Cryptopolitan

Bybit CEO Ben Zhou announced that users can directly trade stock indexes, gold, crude oil, and US stocks, such as Apple and Microsoft, on Bybit by the end of the quarter. 

He added that gold trading on MT5 would now have 500x leverage.

Some believe that Bybit’s move still invites the risk of North Korea’s Lazarus group

Responding to the news, one X user, a blockchain and crypto researcher going by the name Po La, claimed that Bybit was planning to expand into other sectors and the 500x leverage could help draw in a lot of traditional traders.

Another X user, a bit more skeptical about Bybit’s plan, commented, “Feels like the lines between TradFi and crypto are getting blurrier by the day. Let’s see how much volume this actually pulls in.”

One user, however, argued that this was bound to happen, saying the convergence of TradFi and crypto is “inevitable,” especially under Trump’s administration.

Another user pointed out the risk of the North Korean Lazarus group, seeing how Bybit had previously fallen victim to their attacks. On February 21, 2025, the Lazarus Group siphoned roughly $1.5 billion worth of Ether (ETH) from Bybit, marking the largest digital heist in cryptocurrency history. The hackers allegedly accessed Bybit’s cold wallets and rerouted an approved ETH transaction to their wallets.

Moreover, the group quickly moved to launder the stolen money; according to an analysis by TRM labs, they got all the money out through illicit means within 48 hours. TRM suspects by February 26 the group had been using multiple intermediary wallets to launder the funds, converting them into various cryptocurrencies and leveraging decentralized exchanges and cross-chain bridges to obscure the trail. 

Bybit introduced the Copy Trading Gold&FX feature, its venture into Gold and Forex markets

Earlier this year, Bybit launched Copy Trading Gold&FX to enable users to mirror institutional-level Gold and Forex trading strategies in their MT5 accounts using USDT as collateral

According to Joan Han, Sales and Marketing Director at Bybit, the service allows users to explore the complexities of Gold and Forex markets. Additionally, she claimed the service enhances portfolio diversification, improves risk management, and creates opportunities for optimized trading outcomes within the MT5 platform.

She added, “It’s a gateway to smarter, more efficient trading in traditional asset markets. It represents a bold step forward in Bybit’s mission to empower every trader with the tools, resources, and opportunities they need to succeed.”

Ben Zhou agreed to work with Vietnamese authorities on their crypto sandbox program

Ben Zhou recently met with the Vietnamese Minister of Finance, the State Securities Commission Chairman, and the Minister of Foreign Trade. In the meeting, the Vietnamese Minister of Finance, Nguyen Van Thang, explained they wanted to protect users and blockchain technology. He said the government would launch a pilot sandbox mechanism for regulators to test issuance and crypto asset trading, which he believes will enhance investor protection.

On the other hand, Bybit pledged to help the Vietnamese Ministry of Finance promote the new sandbox framework. Zhou agreed to work with Vietnamese authorities on system architecture design, transaction oversight, and implementing international best practices in AML/KYC. 

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRPRipple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
Author  NewsBTC
7 Month 14 Day Mon
Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
placeholder
Australian Dollar inches higher as China’s GDP rises in second quarterThe Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, following China’s economic data.
Author  FXStreet
Yesterday 03: 43
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, following China’s economic data.
placeholder
Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s PeakBitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51
Author  NewsBTC
Yesterday 03: 44
Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51
placeholder
Bitcoin Profit-Taking Spikes Without Price Drop – Strong Demand Or Delayed Reaction?Bitcoin’s (BTC) on-chain activity has accelerated over the past few days, with the leading cryptocurrency by market cap hitting successive new all-time highs (ATHs). As a result, several metrics
Author  NewsBTC
2 hours ago
Bitcoin’s (BTC) on-chain activity has accelerated over the past few days, with the leading cryptocurrency by market cap hitting successive new all-time highs (ATHs). As a result, several metrics
placeholder
XRP Price Eyes Fresh Gains: Traders Bullish After Momentum SpikeXRP price started a fresh increase and traded above the $3.00 zone. The price is now correcting gains and might find bids near the $2.840 support zone. XRP price started a fresh increase above the
Author  NewsBTC
2 hours ago
XRP price started a fresh increase and traded above the $3.00 zone. The price is now correcting gains and might find bids near the $2.840 support zone. XRP price started a fresh increase above the
goTop
quote