Crypto Updates

Bybit Opens Global HQ in Dubai, Reports 50% Users Jump

Bybit Supports Crypto Market Makers with $100m Fund

Bybit, the crypto
exchange with over 15 million users worldwide, has announced the opening of its
global headquarters in Dubai. The move follows a 50% increase in the platform’s
client base and aims to strengthen Bybit’s foothold in the Middle East and
North Africa (MENA) region, where it has become one of the leading crypto
trading platforms.

Bybit’s new
corporate headquarters is situated in One Central at the Dubai World Trade
Center, occupying a 16,000-square-foot open space with views of the city’s
iconic landmarks, such as the Burj Khalifa and the Museum of the Future.

exchange is one of the first to receive in-principle approval to operate in
Dubai and has quickly climbed the ranks among the 400+ crypto and blockchain
businesses in the MENA region. In 2023, Bybit aims to double its trading volume
in the area.

Bybit CEO
and Co-Founder Ben Zhou expressed excitement about the new headquarters,
stating that Dubai is optimally positioned to capitalize on the growth of the
digital economy, crypto, and blockchain technology.

digital economy is advancing at incredible speed and crypto and blockchain
technology will be the mainstay and the connective tissues,” Zhou added. “As one of the most
progressive digital assets hubs in MENA and the world, Dubai is optimally
positioned to capture the opportunities in the sector by bringing together
state-of-the-art tech and infrastructure,…

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