Bybit Expands Horizons with Full License in Kazakhstan
Bybit Secures Full Licensing in Kazakhstan
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has made waves with its latest achievement: receiving a full license from the Astana Financial Service Authority (AFSA). This pivotal moment allows Bybit to operate as a fully authorized market institution in Kazakhstan, signifying another major advancement in the company’s ongoing global expansion.
Expanding Services for Cryptocurrency Traders
With the full authorization from AFSA, Bybit Kazakhstan will roll out a diverse range of services. These will include offering a digital asset trading facility, providing custody solutions, and facilitating investment dealings both as an agent and principal. This new licensing represents an exciting array of opportunities for users in Kazakhstan, as well as throughout the Commonwealth of Independent States (CIS) region.
Commitment to Technology and Transparency
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.
Bybit Kazakhstan will offer a suite of products including spot and derivatives trading, margin trading, and crypto loans. The dedicated website for Bybit Kazakhstan at “bybit.kz” is set to launch in mid-October, laying the groundwork for locals to engage with the platform.
Building a Maintenance of Innovation
This licensing milestone signifies a new chapter for Bybit in Kazakhstan, emphasizing the company’s dedication to promoting innovation and growth within the global cryptocurrency arena. Bybit is now well-positioned to furnish enhanced services that comply with the highest standards of security and regulatory adherence. The platform’s established reputation for reliability will enable it to build strong relationships with traders in Kazakhstan and the broader CIS region, empowering them to navigate the digital asset landscape with confidence.
About Bybit: A Leader in Crypto Exchange
Established in 2018, Bybit has skyrocketed to prominence as the second-largest cryptocurrency exchange by trading volume, catering to over 50 million users. It offers a professional trading platform characterized by an ultra-fast matching engine, round-the-clock customer support, and a multilingual community ethos. Bybit also boasts a partnership with the renowned Formula One team Oracle Red Bull Racing, enhancing their engagement with global audiences.
For further information regarding Bybit’s operation and services, users are encouraged to explore their official platform. Media inquiries can be directed to Tony Au, Head of PR at Bybit, via email at tony.au@bybit.com.
Frequently Asked Questions
What does Bybit's new license in Kazakhstan allow?
The license enables Bybit to fully operate as a market institution, facilitating various cryptocurrency services in the country.
When will Bybit's Kazakhstan website launch?
The official Bybit Kazakhstan website, “bybit.kz,” is expected to launch in mid-October.
What services will Bybit Kazakhstan provide?
Bybit Kazakhstan will offer spot trading, derivatives trading, margin trading, and crypto loans among other services.
How is Bybit enhancing crypto trading in the region?
Bybit is committed to providing cutting-edge technology, security, and transparency for traders in Kazakhstan and the CIS region.
Who is the CEO of Bybit?
Ben Zhou is the co-founder and CEO of Bybit, leading the company's expansion and innovation efforts.
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