The acquisition allows the private equity-backed firm to expand downstream and serve a new segment, as it seeks to add scale ahead of a planned listing.
Speaking to reporters at an international media conference last week, the Bangko Sentral ng Pilipinas (BSP) governor, Benjamin E. Diokno, confirmed the central bank has no immediate plans to roll out a digital peso.
Bybit spokesperson, Igneus Terrenus, discusses the new partnership and why new crypto investors should not be put off by the asset class’s recent volatility.