Dubai, United Arab Emirates, September 27th, 2024,
Chainwire
Bybit, the world’s second-largest
cryptocurrency exchange by trading volume, is excited to announce
that it has been granted a full license by the Astana Financial
Service Authority (AFSA). This significant milestone enables Bybit
to operate as a fully authorized market institution in Kazakhstan,
marking another step in the company’s global expansion.
Under full authorization from AFSA, Bybit Kazakhstan will offer
a comprehensive range of services, including operating a digital
asset trading facility, providing custody, dealing in investments
as both an agent and principal, and managing investments. Bybit’s
new licensing opens many opportunities for users in Kazakhstan and
the broader Commonwealth of Independent States (CIS) region.
"Kazakhstan has become a key player in the global
crypto ecosystem, and we are thrilled to be expanding our services
in such a dynamic market," said Ben Zhou, co-founder and CEO of
Bybit. "With this full license, we are committed to bringing our
cutting-edge technology, security, and transparency to crypto
traders in Kazakhstan, ensuring they can access the best possible
tools and services to thrive in this fast-growing
industry."
With this license, Bybit Kazakhstan will now offer various
products, including spot and derivatives trading, margin trading,
and crypto loans. The Bybit Kazakhstan website, under the
domain “bybit.kz,” is scheduled to launch in mid-October
2024. The expansion into Kazakhstan aligns with Bybit’s
mission to provide reliable and transparent services, catering to
the unique needs of crypto traders and investors in the region.
This new chapter for Bybit in Kazakhstan solidifies the
company's commitment to fostering innovation and growth within the
global cryptocurrency landscape. With a fully regulated platform,
Bybit is poised to deliver enhanced services that meet the highest
standards of compliance and security. Bybit looks forward to
building strong relationships with traders in Kazakhstan and across
the CIS region, empowering them to navigate the dynamic world of
digital assets with confidence.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by
trading volume, serving over 50 million users. Established in
2018, Bybit provides a professional platform where crypto investors
and traders can find an ultra-fast matching engine, 24/7 customer
service, and multilingual community support. Bybit is a proud
partner of Formula One’s reigning Constructors’ and Drivers’
champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press.
For media inquiries, users can contact: media@bybit.com
For more information, users can visit: https://www.bybit.com
For updates, users can follow: Bybit's Communities and Social
Media
Contact
Head of PR
Tony
Au
Bybit
tony.au@bybit.com