Bybit Receives Full License in Kazakhstan

Dubai, United Arab Emirates, September twenty seventh, 2024, Chainwire

Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, is worked up to announce that it has been granted a full license by the Astana Monetary Service Authority (AFSA). This vital milestone permits Bybit to function as a totally licensed market establishment in Kazakhstan, marking one other step within the firm’s world enlargement.

Underneath full authorization from AFSA, Bybit Kazakhstan will supply a complete vary of companies, together with working a digital asset buying and selling facility, offering custody, dealing in investments as each an agent and principal, and managing investments. Bybit’s new licensing opens many alternatives for customers in Kazakhstan and the broader Commonwealth of Unbiased States (CIS) area.

“Kazakhstan has change into a key participant within the world crypto ecosystem, and we’re thrilled to be increasing our companies in such a dynamic market,” stated Ben Zhou, co-founder and CEO of Bybit. “With this full license, we’re dedicated to bringing our cutting-edge know-how, safety, and transparency to crypto merchants in Kazakhstan, making certain they’ll entry the very best instruments and companies to thrive on this fast-growing trade.”

With this license, Bybit Kazakhstan will now supply varied merchandise, together with spot and derivatives buying and selling, margin buying and selling, and crypto loans. The Bybit Kazakhstan web site, beneath the area “bybit.kz,” is scheduled to launch in mid-October 2024. The enlargement into Kazakhstan aligns with Bybit’s mission to offer dependable and clear companies, catering to the distinctive wants of crypto merchants and buyers within the area.

This new chapter for Bybit in Kazakhstan solidifies the corporate’s dedication to fostering innovation and progress inside the world cryptocurrency panorama. With a totally regulated platform, Bybit is poised to ship enhanced companies that meet the very best requirements of compliance and safety. Bybit appears ahead to constructing sturdy relationships with merchants in Kazakhstan and throughout the CIS area, empowering them to navigate the dynamic world of digital belongings with confidence.

About Bybit

Bybit is the world’s second-largest cryptocurrency alternate by buying and selling quantity, serving over 50 million customers. Established in 2018, Bybit gives an expert platform the place crypto buyers and merchants can discover an ultra-fast matching engine, 24/7 customer support, and multilingual group assist. Bybit is a proud accomplice of Components One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:) Pink Bull Racing staff.

For extra particulars about Bybit, customers can go to Bybit Press.

For media inquiries, customers can contact: media@bybit.com

For extra info, customers can go to: https://www.bybit.com

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ContactHead of PRTony AuBybittony.au@bybit.com

This text was initially revealed on Chainwire