Bybit Extends Partnership with DMCC to Boost Dubai’s Crypto Ecosystem
Bybit, the world’s second-largest cryptocurrency exchange, has announced the extension of its strategic partnership with the Dubai Multi Commodities Center (DMCC), marking a new phase in their collaboration. The partnership, which will run from August 2024 to July 2025, aims to strengthen Dubai’s position as a global hub for cryptocurrency and Web3 innovation.
Transition to Advisory Role
Bybit will transition from being a key ecosystem partner to an advisory role, providing strategic guidance to the DMCC Crypto Center and its members. This move demonstrates Bybit’s commitment to driving innovation and supporting the growth of the cryptocurrency industry in the region.
Key Initiatives and Events
Bybit and DMCC plan to host two major industry events this year to enhance Dubai’s status as a leading cryptocurrency center. A global hackathon will promote innovation in Web3 projects, while a flagship conference will gather industry experts to position Dubai as a thought leader in the crypto space.
Over the past year, Bybit has supported more than 20 startups in Dubai’s vibrant crypto ecosystem, offering resources such as hackathons, masterclasses, and high-profile events. By leveraging its industry expertise, Bybit aims to shape the future of Dubai’s booming Web3 industry.
This extended partnership underscores Bybit’s dedication to fostering the growth and development of the cryptocurrency industry in the region and highlights Dubai’s commitment to becoming a global center for blockchain technology.
