Dubai, United Arab Emirates, November 3, 2025, Chainwire
Bybit, the world’s second largest cryptocurrency exchange by trading volume, demonstrated its commitment to bridging centralized and decentralized finance at Blockchain Life 2025, the landmark Web3 and blockchain forum that concluded in Dubai with a record 16,730 participants from 130 countries.
The future lies in convergence
Emily Bao, Head of Spot at Bybit, founder of Byreal and key advisor to Mantle, addressed the audience in a session titled “DEX vs CEX: Evolving Exchange and New Competition,” outlining Bybit’s vision for holistic industry transformation.
Highlighting the complementary strengths of centralized and decentralized platforms, Emily provided an overview of the landscape and cultural evolution among traders and institutions.
“CEXs remain the cornerstone of the crypto industry, occupying the lion’s share of active users and providing the largest and most reliable liquidity in the market,” Emilie said. “However, perceptions matter. CEXs operate within private infrastructure, while DEXs are seen as an embodiment of the transparency and open source principle that originally defined blockchain technology.”
This dichotomy, she said, presents unprecedented opportunities for innovation. Emily highlighted that the industry is witnessing a natural convergence and users will become the ultimate winners of the best of both worlds.
“Opportunities lie at the inflection point where the boundaries between CEX and DEX become increasingly fluid,” Emilie said. “Users today can now access DeFi projects and protocols directly through CEXs, while simultaneously taking advantage of CeDeFi products on decentralized protocols.”
“I think we have a lot of opportunities right now, and we can see this convergence between CEX and DEX. You can access DeFi projects and protocols through the central exchange and you can also take advantage of CeDeFi-like products on DeFi protocols and projects,” she said.
Celebrating the Bybit Community at Blockchain Life 2025
The 15th edition of Blockchain Life cemented Dubai’s position as a global crypto hub, with over 160 speakers from leading organizations including Telegram, Tether, Mastercard, TRON, Sui, Ripple and Google Cloud. The focus of more than 300 side events, key plenary sessions focused on discussions on digital assets, Web3 prospects, mining strategies and the future of decentralization.
Bybit’s presence at the two-day event extended beyond thought leadership. The company’s booth attracted over 2,000 visitors from pioneering groups and institutions, partner organizations and tech communities in the crypto industry, with over 400 attendees receiving exclusive Bybit products through free activities.
#Bybit / #CryptoArk / #IMakeIt
About Bybit
Bybit is the world’s second largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for all. With a strong focus on Web3, Bybit strategically partners with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, enabling builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Contact
Public relations manager
Tony Au
Bybit
tony.au@bybit.com
