Bybit Extends Partnership with DMCC to Support Dubai’s Crypto Ecosystem
Bybit, the world’s second largest cryptocurrency exchange by trading volume, has announced the extension of its partnership with the Dubai Multi Commodities Center (DMCC), solidifying their collaboration to support Dubai’s growing crypto ecosystem.
Transition to Advisory Role
Bybit and DMCC have decided to transition from their current partnership model to an advisory role, effective from August 2024. This strategic move aims to enhance Bybit’s involvement in shaping the future of Dubai’s cryptocurrency and Web3 industry by providing strategic guidance and support to the DMCC Crypto Center and its members.
Empowering Innovation and Development
The extended partnership, spanning from August 2024 to July 2025, is geared towards strengthening Dubai’s position as a global hub for cryptocurrency and Web3 innovation. Bybit’s Chief Operating Officer, Helen Liu, expressed excitement in driving innovation and supporting industry development through this new advisory role.
Industry Events and Initiatives
To further elevate Dubai’s status as a leading cryptocurrency center, Bybit and DMCC plan to host two significant industry events this year. A global hackathon will foster innovation and development in Web3 projects, while a flagship conference will bring together experts to position Dubai as a thought leader in the cryptocurrency space.
Over the past year, Bybit has actively supported and advised more than 20 startups in Dubai’s vibrant crypto ecosystem, showcasing their commitment to driving growth and development in the region.
