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Crypto Exchange Bybit Opens Global HQ in Dubai

Crypto exchange Bybit has opened its global headquarters in Dubai, nearly a year after announcing plans to establish itself in the emirate. The move comes as Dubai seeks to position itself as a progressive digital assets hub in the MENA (Middle East and North Africa) region. Bybit CEO and co-founder Ben Zhou said that Dubai is "optimally positioned to capture the opportunities in the sector." The launch comes after Bybit faced layoffs and penalties in other countries during the recent crypto industry downturn. Dubai is one of seven emirates that form the United Arab Emirates and is aspiring to become a leading crypto hub in the Middle East.

(By Amitoj Singh)

Dubai Bybit
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