Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the appointment of Peter Loo as its new Chief Legal & Compliance Officer. With over 25 years of cross-jurisdictional experience spanning investment banks, regulators, law firms, and digital asset institutions, Peter will lead Bybit's global legal, regulatory, and compliance strategy as the company continues its evolution into a fully integrated, regulated financial platform.

Prior to joining Bybit, Peter 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 regimes. He led the development of licensing frameworks, market conduct policies, and enforcement protocols, while working closely with international exchanges, custodians, and institutional players to establish Dubai as a global hub for digital assets.

Peter has held senior roles across leading financial institutions including Barclays Capital, and MF Global, where he advised on complex derivatives, structured products, and cross-border regulatory frameworks. He also served as EMEA Head of Legal & Compliance at Amber Group, overseeing 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—making him uniquely positioned to bridge the gap between legacy finance and emerging Web3 ecosystems.

At Bybit, Peter will oversee the development of a robust, 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.

"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," said Ben Zhou, Co-founder and CEO of Bybit. "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."

Peter'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 will include 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," added Peter Loo, Chief Legal & Compliance Officer at Bybit.