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00:02Bybit, the world's second-largest cryptocurrency exchange by trading volume,
00:07plans to enter the U.S. market through a brokerage partnership
00:09rather than pursue its own licensing process.
00:12CEO Ben Jo told Coindesk that the company prefers working with established financial firms
00:16that already have American customers.
00:18He cited interactive brokers as a potential example.
00:22Jo said obtaining licenses across individual states could take two to three years
00:25and that he would rather wait for the Clarity Act or simplified federal oversight.
00:29Bybit faces competition from Coinbase and Robinhood in the U.S.
00:33The exchange is also exploring opportunities in the United Kingdom
00:36and plans to launch an everything app in the European Union as early as the first quarter of 2027.
00:41For all things money, visit Benzinga.com.
