Crypto exchange Bybit has announced that it would open its global headquarters in Dubai as part of its plans to strengthen its position in the Middle East and North Africa (MENA) region.
The 16,000-square-foot open space will be located in One Central at the Dubai World Trade Center.
- Bybit CEO and co-founder Ben Zhou said he is very excited about the new headquarters, adding that Dubai is well situated to benefit from the development of the digital economy, cryptocurrencies, and blockchain technology.
- The staff in the headquarters will be able to view the city's several iconic landmarks like the Burj Khalifa and the Museum of the Future.
- The new central offices will host various activities, including professional meet-ups, workshops, and sharing sessions on market insights and trends.
- The company will also hire local talents by training them through entrepreneurial initiatives such as hackathons and educational programs.
- Bybit has become one of the first companies to receive in-principle approval from Dubai's Virtual Asset Regulatory Authority (VARA) to operate in the country.
- The popular crypto exchange also recently announced that its user number increased by 50%.
- The firm plans to double its trading volume in the MENA region by the end of the year.
- Crypto.com and Binance similarly received in-principle approval from Dubai's market regulator.
