Bybit, the cryptocurrency
change with over 15 million customers worldwide, has introduced the opening of its headquarters in Dubai. The transfer follows a 50% enhance within the platform’s buyer base and goals to strengthen Bybit’s place within the Center East and North Africa (MENA) area, the place it has develop into a number one cryptocurrency buying and selling platform.
Bybit’s new company headquarters is positioned in One Central on the Dubai World Commerce Middle, occupying a 16,000 sq. foot open area overlooking the town’s iconic landmarks, such because the Burj Khalifa and the Museum of the Future.
The change is among the first to obtain approval in precept to function in Dubai and has quickly climbed the ranks of over 400 cryptocurrency and blockchain property within the MENA area. In 2023, Bybit goals to double the buying and selling quantity within the space.
Bybit CEO and co-founder Ben Zhou expressed pleasure in regards to the new headquarters, saying Dubai is optimally positioned to capitalize on the expansion of the digital economic system, cryptocurrencies and blockchain expertise.
“The digital economic system is advancing at an unimaginable velocity, and cryptographic and blockchain expertise would be the mainstay and connective tissue,” Zhou added. “As probably the most progressive digital useful resource hubs in MENA and the world, Dubai is properly positioned to grab business alternatives by bringing collectively cutting-edge expertise and infrastructure, worldwide expertise and imaginative and prescient.”
The corporate plans to companion with native establishments to prepare hackathons, academic packages and different enterprise initiatives to nurture native expertise. The brand new headquarters will host quite a lot of actions, similar to skilled conferences, stay streaming companies, workshops to gather consumer suggestions and sharing periods on market insights and developments.
#Bybits has formally opened its headquarters in Dubai!
Take a look at the number of unique areas, which can host every little thing from skilled conferences to stay streaming periods.
Win a share of the USDT 7,000 prize pool: https://t.co/CvCFtgi7Qn#TheCryptoArk #NextLevelExploration pic.twitter.com/PVLET93BTN
Bybit (@Bybit_Official) April 17, 2023
Nevertheless, the cryptocurrency winter hasn’t spared the corporate. On the finish of the 12 months, Bybit introduced additional job cuts 5 months after a earlier downsizing. In keeping with data on the time, round 30% of staff misplaced their jobs.
Firms transfer to Dubai
Crypto.com has joined Bybit in receiving a Minimal Viable Product Preparatory License (MVP) from Dubai’s Digital Asset Regulatory Authority (VARA), making it the newest cryptocurrency change to take action. This license was granted after the change acquired tentative approval from the Dubai regulator final 12 months. The MVP license permits the change to satisfy the circumstances essential to function beneath the VARA regime in the course of the preparatory part.
The Dubai Digital Asset Regulatory Authority (VARA) was established in March final 12 months to remodel Dubai into a significant hub for cryptocurrency. This effort has been profitable, as many main cryptocurrency manufacturers have established a presence within the Center Jap metropolis. Binance has additionally obtained an MVP license because the change adjusted its working methods and obtained varied regulatory clearances.
In different information, CMC Markets Connects, the client-focused institutional arm of UK-based on-line buying and selling supplier CMC Markets, has expanded its operations within the United Arab Emirates (UAE) by upgrading its Dubai workplace. The corporate sees this as step one in its regional enlargement plans.
Bybit, the cryptocurrency
change with over 15 million customers worldwide, has introduced the opening of its headquarters in Dubai. The transfer follows a 50% enhance within the platform’s buyer base and goals to strengthen Bybit’s place within the Center East and North Africa (MENA) area, the place it has develop into a number one cryptocurrency buying and selling platform.
Bybit’s new company headquarters is positioned in One Central on the Dubai World Commerce Middle, occupying a 16,000 sq. foot open area overlooking the town’s iconic landmarks, such because the Burj Khalifa and the Museum of the Future.
The change is among the first to obtain approval in precept to function in Dubai and has quickly climbed the ranks of over 400 cryptocurrency and blockchain property within the MENA area. In 2023, Bybit goals to double the buying and selling quantity within the space.
Bybit CEO and co-founder Ben Zhou expressed pleasure in regards to the new headquarters, saying Dubai is optimally positioned to capitalize on the expansion of the digital economic system, cryptocurrencies and blockchain expertise.
“The digital economic system is advancing at an unimaginable velocity, and cryptographic and blockchain expertise would be the mainstay and connective tissue,” Zhou added. “As probably the most progressive digital useful resource hubs in MENA and the world, Dubai is properly positioned to grab business alternatives by bringing collectively cutting-edge expertise and infrastructure, worldwide expertise and imaginative and prescient.”
The corporate plans to companion with native establishments to prepare hackathons, academic packages and different enterprise initiatives to nurture native expertise. The brand new headquarters will host quite a lot of actions, similar to skilled conferences, stay streaming companies, workshops to gather consumer suggestions and sharing periods on market insights and developments.
#Bybits has formally opened its headquarters in Dubai!
Take a look at the number of unique areas, which can host every little thing from skilled conferences to stay streaming periods.
Win a share of the USDT 7,000 prize pool: https://t.co/CvCFtgi7Qn#TheCryptoArk #NextLevelExploration pic.twitter.com/PVLET93BTN
Bybit (@Bybit_Official) April 17, 2023
Nevertheless, the cryptocurrency winter hasn’t spared the corporate. On the finish of the 12 months, Bybit introduced additional job cuts 5 months after a earlier downsizing. In keeping with data on the time, round 30% of staff misplaced their jobs.
Firms transfer to Dubai
Crypto.com has joined Bybit in receiving a Minimal Viable Product Preparatory License (MVP) from Dubai’s Digital Asset Regulatory Authority (VARA), making it the newest cryptocurrency change to take action. This license was granted after the change acquired tentative approval from the Dubai regulator final 12 months. The MVP license permits the change to satisfy the circumstances essential to function beneath the VARA regime in the course of the preparatory part.
The Dubai Digital Asset Regulatory Authority (VARA) was established in March final 12 months to remodel Dubai into a significant hub for cryptocurrency. This effort has been profitable, as many main cryptocurrency manufacturers have established a presence within the Center Jap metropolis. Binance has additionally obtained an MVP license because the change adjusted its working methods and obtained varied regulatory clearances.
In different information, CMC Markets Connects, the client-focused institutional arm of UK-based on-line buying and selling supplier CMC Markets, has expanded its operations within the United Arab Emirates (UAE) by upgrading its Dubai workplace. The corporate sees this as step one in its regional enlargement plans.
