After
launching its global headquarters in Dubai less than a year ago, the
cryptocurrency exchange Bybit is now looking towards Europe, where it aims to
open Amsterdam’s regional office.
The
establishment of the new bureau in the Dutch capital was made possible through
strengthened cooperation with SATOS, a company that holds a country’s virtual
asset service provider license, which Bybit uses to operate in the local
market.
Citing
promising opportunities from the Dutch regulatory environment and growing
interest in crypto assets, Bybit now intends to set up a permanent Amsterdam
office over the next few months.
According
to Bybit, the local office will improve its ability to adhere to Dutch
regulations and serve the local crypto community. Additionally, Bybit says the
Amsterdam space will be open as a co-working venue for networking and knowledge
sharing within the broader crypto industry.
“We
are committed to providing a safe and secure trading environment for all our
users and understand the importance of complying with local regulations,”
said Ben Zhou, the Co-Founder and CEO of Bybit.
As we
mentioned in the introduction, for Bybit, this marks the opening of another
office following its decision in April 2023 to relocate global headquarters to
the United Arab Emirates, specifically to Dubai. The Middle East has been
attracting an increasing number of popular cryptocurrency brands in recent
quarters, aiming to become an international hub for digital assets.
#Bybit has officially opened its HQ in Dubai!
👀 Check out the variety of exclusive spaces, which will host everything from professional meet-ups to live-streaming sessions.
Win a share of the 7,000 USDT prize pool: https://t.co/CvCFtgi7Qn#TheCryptoArk #NextLevelExploration pic.twitter.com/PVLET93BTN
— Bybit (@Bybit_Official) April 17, 2023
SATOS and Bybit Partnership
Bybit
formed an alliance with SATOS in June 2023, enabling it to continue offering
crypto trading services to users in the Netherlands. Despite recent regulatory
changes in the country, Bybit says its collaboration with SATOS allows it to comply
fully with rules set by the Dutch central bank.
The
exchange
