Bybit, the world’s leading cryptocurrency exchange, has extended its partnership with Dubai Multi Commodities Centre (DMCC) to enhance Dubai’s crypto industry.
Under this partnership, Bybit will serve as a DMCC Ecosystem and Advisory Partner by providing strategic guidance to the DMCC Crypto Centre and its members. From being a key ecosystem partner to an advisory role, Bybit strengthens its position in Dubai’s crypto and Web3 industry.
The aim of this partnership is to boost the growth and development of the region’s ecosystem. Bybit will utilize its expertise to shape the future of Dubai’s crypto and Web3 industry. This partnership highlights Bybit’s commitment to supporting Dubai’s vision to emerge as a global crypto and Web3 hub.
Helen Liu, Chief Operating Officer at Bybit, commented that, “We are honored to be the first organization appointed to this advisory role by DMCC. By taking on an advisory role, we are excited to leverage our expertise to drive innovation and support the growth of the industry in Dubai.”
Belal Jassoma Director of Ecosystems – DMCC
“Bybit have been true partners over the past year, bringing substantial value to Dubai’s crypto and Web3 community. We are thrilled to expand this through Bybit’s advisory role, which will support our Crypto Centre members in new ways as they look to scale their crypto businesses and tap into some of the world’s most exciting markets.”
To further strengthen Dubai’s position as a global crypto hub, Bybit and DMCC will collaboratively host two major industry events this year: a global hackathon and a flagship conference. The hackathon will foster innovation by supporting developer in establishing web3 projects, while the conference seeks to elevate Dubai’s position by bringing industry experts and opinion leaders from around the world.
In the past year, Bybit has actively encouraged and advised more than 20 startups to develop a foothold in Dubai’s crypto industry through many initiatives including, a $100,000 prize pool hackathon to promote blockchain startups, a Masterclass for aspiring entrepreneurs, the “Let Web3 Happen in Dubai” event centering on security and compliance and a high-profile event at Token 2049.
