DUBAI, UAE, Aug. 3, 2026 — Bybit, the world's second-largest cryptocurrency exchange by trading volume, has appointed Peter Loo as its new Chief Legal & Compliance Officer. Loo brings more than 25 years of cross-jurisdictional experience across investment banks, regulators, law firms, and digital asset institutions. He will lead Bybit's global legal, regulatory, and compliance strategy as the company continues its transformation into a fully integrated, regulated financial platform.

Loo has operated across major financial centres including the United Kingdom, Europe, the Middle East, and Asia. His appointment reflects Bybit's commitment to reinforcing its regulatory architecture and aligning with global standards as the exchange expands across multiple jurisdictions. The hire comes as major crypto exchanges worldwide face intensifying regulatory scrutiny, prompting an industry-wide push to recruit seasoned compliance and legal talent from both traditional finance and regulatory bodies.

Before joining Bybit, Loo served as General Counsel & Head of Sector Development at Dubai's Virtual Assets Regulatory Authority (VARA), where he played a foundational role in shaping one of the world's most advanced virtual asset regulatory frameworks. He led the development of licensing frameworks, market conduct policies, and enforcement protocols, while collaborating with international exchanges, custodians, and institutional participants to position Dubai as a global hub for digital assets. VARA, established in 2022 as the world's first independent virtual assets regulator, has since become a reference point for jurisdictions seeking to create dedicated crypto regulatory regimes.

Loo has also held senior positions at leading financial institutions including Barclays Capital and MF Global, advising on complex derivatives, structured products, and cross-border regulatory frameworks. He served as EMEA Head of Legal & Compliance at Amber Group, where he oversaw regulatory expansion and product structuring across Europe and the Middle East.

His experience spans the full lifecycle of financial innovation — from traditional derivatives and fund structuring to digital assets and tokenisation — positioning him to bridge legacy finance and emerging Web3 ecosystems.

At Bybit, Loo will oversee the development of a globally aligned compliance framework, supporting the company's ambition to deliver a seamless "single access point" to financial services spanning trading, payments, custody, and asset management within a regulated and sustainable structure.

Ben Zhou, Co-founder and CEO of Bybit, said: "Peter brings a depth of experience that is both rare and highly relevant to where Bybit is headed. Having worked across regulators, global financial institutions, and Web3 platforms, he understands not only how rules are written, but also how they are applied in practice across jurisdictions. As we continue to build Bybit into a new financial platform, one that connects crypto and traditional finance in a structured and compliant way, Peter's leadership will be critical in strengthening our regulatory foundations and ensuring we scale responsibly on a global level."

Loo's appointment marks a key milestone in Bybit's ongoing transformation from a high-growth crypto exchange into a mature, globally recognised financial platform. His mandate includes enhancing internal governance, advancing licensing efforts in priority markets, and fostering constructive engagement with regulators worldwide.

"The opportunity at Bybit is to help shape what a truly global, regulated digital financial platform can look like. The industry is entering a phase where credibility, structure, and regulatory alignment are no longer optional," said Peter Loo, Chief Legal & Compliance Officer at Bybit. "Bybit has built strong momentum, and my focus is on reinforcing that with the right frameworks, processes, and engagement models so that we can operate in a way that meets the expectations of both regulators and institutional participants globally."

Bybit describes itself as "The New Financial Platform," trusted by more than 80 million users worldwide. The exchange combines investing, trading, payments, and wealth-building services in a single ecosystem powered by AI-driven technology, deep global liquidity, and robust security infrastructure.

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