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Home » Bybit, A Cryptocurrency Exchange, Opened Its Global Headquarters In Dubai

Bybit, A Cryptocurrency Exchange, Opened Its Global Headquarters In Dubai

Hania by Hania
April 18, 2023
in Crypto Exchanges
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Bybit, A Cryptocurrency Exchange, Opened Its Global Headquarters In Dubai
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Dubai recently revealed the criteria for obtaining a license for cryptocurrency firms.

  • Bybit, a cryptocurrency exchange, announced on Monday that its global headquarters had opened in Dubai.
  • The launch occurs almost a year after it first announced plans to establish itself in the emirate based on in-principle approval to relocate its global headquarters to the city.
  • According to Ben Zhou, CEO and co-founder of Bybit, “Dubai is optimally positioned to capture the opportunities in the sector as one of the most progressive digital assets hubs in MENA and the world.”
  • Bybit, like plenty of other firms in the industry, had to endure layoffs during the recent crypto winter. In addition, Bybit had to deal with penalties and a derivatives trading ban in Brazil.
  • The United Arab Emirates (UAE) consists of seven emirates, and Dubai is one among them. It aims to become a major hub for cryptocurrencies in the region.

Bybit, A Cryptocurrency Exchange, Opened Its Global Headquarters In Dubai

Recommended:

Bybit to Cut 30% of Workforce Following Cold Crypto Winter

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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