Crypto exchange Bybit has opened its global headquarters in Dubai, the company announced on Monday.
The launch comes nearly a year after Bybit revealed plans to establish itself in the emirate based on an in-principle approval to move its global headquarters to the city.
“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,” Ben Zhou, CEO and co-founder of Bybit, said in the press release, referring to the Middle East North Africa region.
During the recent crypto winter, Bybit, like many other crypto firms, had to weather layoffs. It also faced a derivatives trading ban in Brazil and penalties in Canada.
Dubai is one of seven emirates that form the United Arab Emirates and is an aspiring crypto hub in the region.
عبدالرحمان زمین پیما
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آرمان جعفری
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