DMCC welcomes crypto-giant Bybit as ecosystem partner to accelerate mass adoption of Crypto, Web3 in Dubai

DMCC welcomes crypto-giant Bybit as ecosystem partner to accelerate mass adoption of Crypto, Web3 in Dubai

DUBAI, 5th June, 2023 (WAM) -- Dubai Multi Commodities Centre (DMCC) has announced its partnership with the global crypto giant Bybit, in which the exchange will provide financial support totalling AED 500,000 for new crypto businesses looking to set up at the region’s largest community of Web3 and blockchain businesses – the DMCC Crypto Centre.

Bybit will become the listing partner for the Crypto Centre, with the company providing dedicated support for crypto firms looking to list digital assets on one of the top global exchanges. Additionally, the partnership will bring Bybit Services to Crypto Centre members. Headquartered in Dubai, Bybit is the world’s third most visited crypto exchange with over 15 million users.

As DMCC looks to further enhance the support available to members of the Crypto Centre, Bybit will also participate in the DMCC Crypto Centre’s educational initiatives by delivering webinars and educational courses about the digital assets industry and emerging trends, centralised exchanges and their impact in shaping the Web3 industry.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive of DMCC, said, “Dubai has truly cemented its position as a global hub for crypto and Web3, with the DMCC Crypto Centre boasting the highest concentration of crypto firms in the