Bybit CEO Ben: A partnership, not competition, with Hyperliquid Bybit CEO Ben Zhou @benbybit shared during an interview on the *When Shift Happens* channel on April 23 that Bybit and Hyperliquid have a collaborative relationship rather than a competitive one. He noted that there hasn’t been a significant shift of customers actively moving to Hyperliquid, but rather constraints due to licensing and compliance requirements. For example, under the European regulatory framework, Bybit’s MiCA-licensed sites cannot offer derivatives trading. Even with a MiFID license, the maximum leverage allowed is only 10x, which “has no competitive edge compared to Hyperliquid.” Customers seeking higher leverage naturally turn to DEX platforms. He emphasized that Hyperliquid provides services that Bybit cannot offer within its compliance framework, making them more of a complement than a competitor. Source: *When Shift Happens*