Bybit, in a statement on Monday, April 17, Dubaiannounced that they opened their headquarters in .
Bybit, which has 15 million users worldwide, has withdrawn from the Virtual Asset Regulatory Authority to operate in Dubai. (VARA) It is one of the first crypto exchanges to receive policy approval. The company expects to receive a full license in the second quarter of this year.
Bybit Aims To Double Its Trading Volume
Bybit CEO and co-founder, who made statements on the subject Ben Zhou “As one of the most progressive digital asset hubs in MENA and the world, Dubai is best positioned to seize opportunities in the industry.” Dubai is one of the seven emirates that make up the United Arab Emirates (UAE) and is seen as a promising crypto hub in the region.
However, Bybit said it aims to double its trade volume in the MENA region this year. The company also underlined that among its plans, they aim to recruit 100 additional staff for its Dubai headquarters. The firm also Hong KongAnd SingaporeIt will move approximately 80 employees from the company to the new headquarters.
Bybit, like other companies in the industry, had to go through layoffs during the last crypto winter. In this process, the company Brazila derivatives trading ban in CanadaHe faced some fines.
