#TheCryptoArk Keynote — Ben Unveils Bybit's Vision and Innovations for 2024
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Enhancing Platform Stability
Ben Zhou kicked off the keynote by highlighting Bybit's commitment to platform stability. The platform achieved a remarkable 3x increase in transaction volume capacity, leaping from 180,000 to an impressive 380,000 transactions per second. Bybit’s goal is to reach 1 million transactions per second by 2024, ensuring a robust infrastructure. With an uptime of 99.99%, even during major industry movements throughout the year, Bybit continues to set the standard for reliability.
Elevating Institutional Offering
Bybit is actively enhancing its institutional offerings through strategic initiatives. The focus is on improving API connectivity for faster trades and achieving a 50% reduction in institutional API latency with UTA-PRO. Upgrades to the Institutional Loans Service include elevated OTC loan limits for INS clients and seamless integration of UTA on-exchange lending. Additionally, Bybit is integrating Spot Trading into the Portfolio Margin mode of UTA accounts, amplifying capital efficiency for clients' trading strategies.