Bybit, the crypto
trade with over 15 million customers worldwide, has introduced the opening of its
world headquarters in Dubai. The transfer follows a rise of fifty% within the platform’s
shopper base and goals to strengthen Bybit’s foothold within the Center East and
North Africa (MENA) area, the place it has grow to be one of many main crypto
buying and selling platforms.
Bybit’s new
company headquarters is located in One Central on the Dubai World Commerce
Heart, occupying a 16,000-square-foot open house with views of town’s
iconic landmarks, such because the Burj Khalifa and the Museum of the Future.
The
trade is likely one of the first to obtain in-principle approval to function in
Dubai and has shortly climbed the ranks among the many 400+ crypto and blockchain
companies within the MENA area. In 2023, Bybit goals to double its buying and selling quantity
within the space.
Bybit’s CEO
and Co-Founder, Ben Zhou expressed pleasure in regards to the new headquarters,
stating that Dubai is optimally positioned to capitalize on the expansion of the
digital economic system, crypto, and blockchain know-how.
“The
digital economic system is advancing at unbelievable velocity and crypto and blockchain
know-how would be the mainstay and the connective tissues,” Zhou added. “As one of the vital
progressive digital belongings hubs in MENA and the world, Dubai is optimally
positioned to seize the alternatives within the sector by bringing collectively
state-of-the-art tech and infrastructure, worldwide expertise and imaginative and prescient.”
The corporate
plans to work with native establishments to arrange hackathons, instructional
applications, and different entrepreneurial initiatives to nurture native expertise. The
new headquarters will host quite a lot of actions, corresponding to skilled
meet-ups, live-streaming amenities, workshops to collect person suggestions, and
sharing periods on market insights and developments.
#Bybit has formally opened its HQ in Dubai!
👀 Take a look at the number of unique areas, which is able to host every thing from skilled meet-ups to live-streaming periods.
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
Nonetheless,
the cryptocurrency winter has not spared the corporate. On the finish of the yr,
Bybit introduced additional job cuts 5 months after an earlier downsizing.
In accordance with info on the time, about 30% of staff had been going to lose their
jobs.
Firms Transfer to Dubai
Crypto.com has joined Bybit in receiving a Minimal Viable Product (MVP) Preparatory
license from Dubai’s Digital Asset Regulatory Authority (VARA), making it the
newest cryptocurrency trade to take action. This license was granted after the
trade acquired provisional approval from the regulator in Dubai final yr.
The MVP license permits the trade to satisfy the mandatory circumstances to
function throughout the VARA Regime in the course of the preparatory stage.
Dubai’s
Digital Asset Regulatory Authority (VARA) was established in March of final yr to remodel Dubai into a serious hub for cryptocurrency. This
effort has been profitable, as many main crypto manufacturers have established a
presence within the Center Japanese metropolis. As well as, Binance has obtained an MVP license because the trade has adjusted its operational methods and obtained a number of
regulatory permits.
In different
information, CMC Markets Connects, the institutional client-focused division of
UK-based on-line buying and selling supplier CMC Markets, has expanded its operations in
the United Arab Emirates (UAE) by upgrading its workplace in Dubai. The corporate
views this as step one in its regional growth plans.
Bybit, the crypto
trade with over 15 million customers worldwide, has introduced the opening of its
world headquarters in Dubai. The transfer follows a rise of fifty% within the platform’s
shopper base and goals to strengthen Bybit’s foothold within the Center East and
North Africa (MENA) area, the place it has grow to be one of many main crypto
buying and selling platforms.
Bybit’s new
company headquarters is located in One Central on the Dubai World Commerce
Heart, occupying a 16,000-square-foot open house with views of town’s
iconic landmarks, such because the Burj Khalifa and the Museum of the Future.
The
trade is likely one of the first to obtain in-principle approval to function in
Dubai and has shortly climbed the ranks among the many 400+ crypto and blockchain
companies within the MENA area. In 2023, Bybit goals to double its buying and selling quantity
within the space.
Bybit’s CEO
and Co-Founder, Ben Zhou expressed pleasure in regards to the new headquarters,
stating that Dubai is optimally positioned to capitalize on the expansion of the
digital economic system, crypto, and blockchain know-how.
“The
digital economic system is advancing at unbelievable velocity and crypto and blockchain
know-how would be the mainstay and the connective tissues,” Zhou added. “As one of the vital
progressive digital belongings hubs in MENA and the world, Dubai is optimally
positioned to seize the alternatives within the sector by bringing collectively
state-of-the-art tech and infrastructure, worldwide expertise and imaginative and prescient.”
The corporate
plans to work with native establishments to arrange hackathons, instructional
applications, and different entrepreneurial initiatives to nurture native expertise. The
new headquarters will host quite a lot of actions, corresponding to skilled
meet-ups, live-streaming amenities, workshops to collect person suggestions, and
sharing periods on market insights and developments.
#Bybit has formally opened its HQ in Dubai!
👀 Take a look at the number of unique areas, which is able to host every thing from skilled meet-ups to live-streaming periods.
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
Nonetheless,
the cryptocurrency winter has not spared the corporate. On the finish of the yr,
Bybit introduced additional job cuts 5 months after an earlier downsizing.
In accordance with info on the time, about 30% of staff had been going to lose their
jobs.
Firms Transfer to Dubai
Crypto.com has joined Bybit in receiving a Minimal Viable Product (MVP) Preparatory
license from Dubai’s Digital Asset Regulatory Authority (VARA), making it the
newest cryptocurrency trade to take action. This license was granted after the
trade acquired provisional approval from the regulator in Dubai final yr.
The MVP license permits the trade to satisfy the mandatory circumstances to
function throughout the VARA Regime in the course of the preparatory stage.
Dubai’s
Digital Asset Regulatory Authority (VARA) was established in March of final yr to remodel Dubai into a serious hub for cryptocurrency. This
effort has been profitable, as many main crypto manufacturers have established a
presence within the Center Japanese metropolis. As well as, Binance has obtained an MVP license because the trade has adjusted its operational methods and obtained a number of
regulatory permits.
In different
information, CMC Markets Connects, the institutional client-focused division of
UK-based on-line buying and selling supplier CMC Markets, has expanded its operations in
the United Arab Emirates (UAE) by upgrading its workplace in Dubai. The corporate
views this as step one in its regional growth plans.