DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ -- 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.
#Bybit / #TheCryptoArk
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, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit's Communities and Social
Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram |
TikTok | X | Youtube
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