Crypto exchange Bybit opens global headquarters in Dubai

Crypto exchange Bybit opens global headquarters in Dubai

Company says it will recruit 100 people

Bybit said it’s on track to double its trading volume in the Mena region this year. - Supplied photo

Published: Tue 18 Apr 2023, 8:00 AM

Bybit, the world’s third most visited crypto exchange and second-largest in the Mena region, on Monday opened its global headquarters in Dubai and plans to recruit 100 people.

With 15 million users globally, Bybit is one of the first exchange services to obtain in-principle approval from the Virtual Asset Regulatory Authority (VARA) to operate in Dubai. it also expects to get the full licence in the second quarter of this year.

“We're going to start hiring massively here in the UAE and the region. We’ve already talked to universities to host hackathons and provide internships for the local kids, said Ben Zhou, CEO and co-founder of Bybit.

In addition to moving around 80 people from Singapore and Hong Kong to Dubai, the company will hire to expand its marketing, community, and business development, as well as other departments.

He said Dubai is becoming increasingly a good choice because literally all of the crypto companies have a presence here.

The company said it’s on track to double its trading volume in the Mena region this year.

Dubai