Crypto exchange Bybit has opened its global headquarters in Dubai, the company announced on Monday.
- The launch comes nearly a year after Bybit revealed plans to establish itself in the emirate based on an in-principle approval to move its global headquarters to the city.
- "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," Ben Zhou, CEO and co-founder of Bybit, said in the press release, referring to the Middle East North Africa region.
- Dubai is one of seven emirates that form the United Arab Emirates and is an aspiring crypto hub in the region.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.