Singapore-based Bybit has received in-principle approval to conduct virtual assets business in Dubai. The crypto exchange also confirmed its plans to set up its global headquarters in Dubai by April. Established in 2018, Bybit offers online spot and derivatives trading services, mining and staking products, and software support to retail and institutional customers around the world. The platform’s peak daily trading volume is expected to be $76 billion in May 2021, which makes the crypto exchange one of the fastest-growing virtual asset platforms. It’s also the third most visited digital asset business in the world. “Bybit looks forward to contributing to the virtual assets innovations of the Emirate’s vibrant economy and having our global headquarters in Dubai. I believe we could help further stakeholders’ understanding of this complex industry as the virtual assets space continues to rapidly mature.” said Ben Zhou, co-founder and CEO of Bybit. 📢 In an announcement with the UAE Ministry of Economy @Economyae at the World Government Summit, Bybit received in-principal approval to conduct virtual asset business & will be setting up our global HQ in Dubai! 📲 Read more here: https://t.co/HXk2dwVCCQ pic.twitter.com/0J7HQ9kjqs — BYBIT 🦍 (@Bybit_Official) March 28, 2022 Crypto Platforms Flocking to Dubai Meanwhile, Singapore-based Crypto.com also announced in a press conference that it’s going to establish its regional hub office...
