{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Crypto Beat","title":"Bybit CEO Ben Zhou on perps, RWAs, and what's next for 2026","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/cf6fb833\"></iframe>","width":"100%","height":180,"duration":2457,"description":"In episode 52 of the Crypto Beat, Kelvin Sparks and Tim Copeland were joined by Bybit CEO Ben Zhou to discuss how he bootstrapped a derivatives-focused exchange and grew Bybit into a one-stop crypto platform. Ben also reflects on managing a $1B hack with radical transparency, surviving brutal bear markets, and why he thinks RWAs and on-chain capital markets will be a defining theme going into 2026.\n\n\n\nOUTLINE\n\n00:00 - Introduction\n02:05 - Derivatives-First Bybit\n05:09 - Cards & User Acquisition\n08:21 - Prediction Markets & Competition\n11:33 - CEX vs On-Chain Perps\n13:44 - Mantle, BitDAO & L2 Strategy\n18:28 - Market Outlook & Liquidity\n21:40 - Hiring, Culture & Layoffs\n28:14 - Bootstrapping & Product Focus\n30:41 - $1B Hack & Hard Lessons\n36:46 - RWAs, Tokenized Stocks & 2026\n\n\n\n\n\nGuest links:\n\nBen Zhou - https://x.com/benbybit\n\nBybit - https://x.com/Bybit_Official\n\n\n\n------------------------------------------------------------------------------------\n\n\n\nSubscribe to The Block's Newsletters!\n\n🚨 Breaking News\n\n👨‍🔬 Expert Analysis\n\n📈 Market Insights\n\n\n\nSubscribe now 👉⁠ https://www.theblock.co/newsletters⁠\n\n\n\n------------------------------------------------------------------------------------\n\n\n\nHiring in crypto?\n\n🧠 Find top talent fast with Campus, powered by The Block!\n\n✅ Challenge candidates with our Crypto Assessment Test\n\n⚡ Hire faster, build stronger teams\n\n\n\nStart your free trial today 👉 ⁠https://theblock.co/campus","thumbnail_url":"https://img.transistorcdn.com/ut441tmJ6ubvNMi_WNSHFlPPIDlhTh8frKQSZazN3K8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9mYjE3/MTQwMDJjZjg2NWI0/ZjQxMDhlZDhkZDA3/NGMyOC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}