BitDelta Securities Secures Full CMA Category 5 Licence in the UAE - Opens Regulated Office in Dubai
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April 18, 2023 - Crypto-exchange Bybit, which reports to have 15 million users worldwide and the 3rd most visited crypto exchange, has announced the opening of its global headquarters in Dubai today. The second largest crypto exchange in the Middle East and NorthAfrica (MENA)* plans to have a stronger foothold in the region.
Occupying a full floor at One Central, Dubai World Trade Center, Bybit’s corporate headquarters has an open space of 16,000 square feet overlooking Dubai’s Burj Khalifa and the Museum of the Future.
One of the first exchange services to obtain the in-principle approval to operate in Dubai, Bybit now claims the No.2 spot among the over 400 crypto and blockchain businesses in MENA in the past year. Bybit says it is on track to double its trading volume in the region in 2023. (In 2022 Bybit recorded $33.5b in trading volume in MENA)
“We are excited to be part of Dubai’s futuristic skyline and most importantly, to be able to officially call Dubai home,” said Ben Zhou, CEO and co-founder of Bybit. “The digital economy is advancing at incredible speed and crypto and blockchain technology will be the mainstay and the connective tissues. 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, international talent and vision.”
Zhou said the space was designed to encapsulate Bybit’s commitment to openness, creativity and transparency. “The new office will be an innovative hub for dreamers and creators to exchange ideas and unlock next level opportunities of Web3. Our door will be open to friends and members of the Bybit family,” he said.
*by spot trading volume as of February 2023
