Exclusive:

The third largest offshore exchange Bybit suddenly opened up registration and authentication for users in China. Bybit has long strictly prohibited the registration and use of all Chinese users. The management team has been very cautious about this.

Data shows that the number of Chinese users may be as high as tens of millions. Bybit's competitors have basically opened registration for Chinese users. However, Bybit's move has also caused panic among internal employees.

Embarrassingly, on the same certification page, Bybit still states: Bybit does not offer its services or products in certain jurisdictions, including the United States, Mainland China, Singapore, Quebec (Canada), Ontario (Canada), Iran, Sudan, and Syria.