New Office
Crypto Exchange Opens Global HQ In Dubai
The firm said it is among the top players in the crypto space.
Bybit, the crypto
exchange boasting 15 million users, held the “grand opening” of
its global headquarters in Dubai this week.
The firm occupies a floor at One Central, Dubai World Trade
Center. Bybit’s corporate headquarters has an open space of
16,000 square feet.
Saying that it holds the Number Two spot among the over 400
crypto and blockchain businesses in the MENA region in the past
year, Bybit said it is on track to double its trading volume in
the region.
“We are excited to be part of Dubai’s futuristic skyline and,
most importantly, to be able to officially call Dubai home,” Ben
Zhou, CEO and co-founder of Bybit, said. “The digital economy is
advancing at incredible speed and crypto and blockchain
technology will be the mainstay and the connective tissues. As
one of the most progressive digital assets hubs in MENA and the
world, Dubai is optimally positioned to capture the opportunities
in the sector by bringing together state-of-the-art tech and
infrastructure, international talent and vision.”
Other crypto exchanges operating include Kraken, Coinbase, Gemini
and Cash App. The sector continues to evolve and adjust
following the collapse last year of US-based FTX. (See
this article about the digital assets sector in Switzerland.)
