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The city of gold is calling and a new era awaits. Dubai, here we come!

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Ben Zhou, co-founder and CEO of Bybit and H.E. Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade and Minister in Charge of Talent Attraction and Retention at the World Government Summit 2022 in Dubai

If you’ve been following us closely, you’d have seen our recent 

 at Art Dubai, as well as our participation in Crypto Expo Dubai 2022. 

That was simply a foreshadowing in the grand scheme of things. 

This March, we are pleased to announce that Bybit has received in-principle approval to conduct a full spectrum of virtual assets business in the UAE. With that, we are moving our global headquarters to Dubai! 

Dubai has a reputation that precedes itself. In a span of a few decades, the ancient Gulf port transformed itself into a leading financial hub, topping the charts as one of the wealthiest cities in the world. Positioning itself as a global digital hub, authorities have been making efforts to transform its economy, embracing the latest fintech innovations while creating the necessary regulatory frameworks. 

“Virtual assets such as cryptocurrency and blockchain have changed finance forever. To stay ahead in this fast-changing industry, we are building a business-friendly ecosystem with robust regulations to attract, retain and enable high-growth companies. This will create jobs and investment opportunities, consolidating our position as one of the world's most attractive places to live and work for those in virtual assets and web 3.0 industries,” said H.E. Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade and Minister in Charge of Talent Attraction and Retention. 

From April 2022 onwards, we will begin offering a full suite of products and services in the UAE. Not only are we looking forward to sharing our industry knowledge with investors and the wider public, we remain committed in our endeavors to support the UAE’s regulatory efforts for responsible growth. 

“I believe we could help further stakeholders’ understanding of this complex industry as the virtual assets space continues to rapidly mature. This in-principle approval is an extraordinary opportunity for Bybit to support the UAE and the wider region’s ambition to become a global virtual assets technology hub,” said Ben Zhou, co-founder and CEO of Bybit. 

The city of gold is calling and a new era awaits. With our best foot forward, here we come!