The Times Australia
News From Asia

.
The Times Real Estate

.

Bybit Joins DMCC as Ecosystem Partner to Accelerate Development and Mass Adoption of Crypto and Web3

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 5 June 2023 - Bybit, the world's third most visited crypto exchange, has announced a strategic partnership with the leading global business district, the Dubai Multi Commodities Centre (DMCC) to accelerate the mass adoption of crypto in Dubai and deliver on its promise of investing in the Web3 ecosystem in the emirate.

The collaboration will see Bybit become an official Ecosystem Partner for the DMCC Crypto Centre, the largest concentration of crypto and Web3 businesses in the MENA region.


Bybit and DMCC signed a Memorandum of Understanding (MOU) to support the growth of the crypto community in the region. The agreement follows the unveiling of Bybit's global headquarters in Dubai on April 17 when it alluded to further localization efforts in the region.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive of DMCC, and Ben Zhou, Co-founder and CEO of Bybit, signed an MOU in Dubai on June 5, 2023.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive of DMCC, and Ben Zhou, Co-founder and CEO of Bybit, signed an MOU in Dubai on June 5, 2023.
The MOU includes Bybit's pledge of financial support in the amount of AED 500,000 to kickstart the growth journeys of 15 new Web3 companies at the DMCC Crypto Centre. To qualify for this opportunity, start-ups must successfully pass the standard compliance and due diligence checks required by DMCC.

Bybit will also serve as DMCC's crypto listing partner and assist in other blockchain-related projects. The exchange will play an active advisory and guidance role at the DMCC Crypto Centre, sharing first-hand insights and technical know-how to help young projects succeed and get listed on the Bybit platform. Currently on the roadmap are two hackathons in the DMCC's crypto and gaming centers. These hackathons will convene developers, entrepreneurs, and industry experts to collaborate and foster ground-breaking ideas to shape the crypto and Web3 industries.

The DMCC Crypto Centre will provide Bybit with another avenue for collaboration with innovative crypto and Web3 entrepreneurs and founders. Bybit will also contribute to the Centre's efforts in knowledge sharing and capacity building in the digital economy through webinars, curated courses, educational content, and awareness campaigns. As the world's "Crypto Ark," Bybit will be available to DMCC Crypto Centre members' companies where appropriate to help them bring their ambitions to fruition.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive of DMCC, said: "Dubai has truly cemented its position as a global hub for crypto and Web3, with the DMCC Crypto Centre boasting the highest concentration of crypto firms in the region. This status has only been bolstered by Bybit's presence in the emirate, so we are excited to have them on board as an official Ecosystem Partner. Thanks to Bybit's industry-leading expertise and financial contribution, this partnership will see the acceleration of the impact that Dubai's game-changing crypto and Web3 businesses are having on the industry."

The MOU underpins the partners' shared vision to develop a vibrant hub of blockchain-based activity and connectivity. It also gives Bybit access to the broad membership of DMCC as an Ecosystem Partner, which includes technology partners, government bodies, investors, incubators/accelerators, and service providers.

"We are delighted to be partnering with such a prestigious organization as the DMCC," said Ben Zhou, co-founder and CEO of Bybit. "We are committed to enriching the Web3 ecosystem on our journey to become the world's 'Crypto Ark' and want to do our part in advancing innovation and competition in the digital economy. We look forward to bringing our own brand of next-level opportunities to the UAE's burgeoning crypto community."​​

"Congratulations to the partnership. I am very pleased to have a part in this momentous partnership between Bybit and DMCC. This partnership is a classic example of what Web3 collaboration and support looks like. I'm excited to see how this partnership will add value to the web3 ecosystem. My core focus has always been to enrich and interconnect the Web3 ecosystem in the UAE and will continue to give my support by leveraging our immediate network," said Feras Al Sadek, Managing Partner, Ghaf Capital Partner & Ghaf Labs.

More From Bybit


Hashtag: #Bybit #TheCryptoArk #BybitPartners

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit:

For updates, please follow:











About DMCC
Headquartered in Dubai, DMCC is the world's most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai's position as the place to be for global trade today and long into the future.

The Times Features

How to Treat Hair Loss Without a Hair Transplant

Understanding Hair Loss Hair loss can significantly affect individuals, both physically and emotionally. Identifying the causes and types can help address the issue more effecti...

How to Find a Trustworthy Professional for Your Plumbing Needs

Nowra is an idyllic locality often referred to as the city of the Shoalhaven City Council in the South Coast region of New South Wales, Australia. This picturesque suburb feature...

How to Choose a Mattress for Back/Neck Pain and All Sleepers?

Waking up with a stiff neck or aching back can derail your entire day. If you're one of the millions struggling with chronic pain, a supportive mattress is more than a luxury – i...

What to Look for in a Professional Debt Collection Service

Often in life, overdue payments are accidental or caused by unusual circumstances. This can cause some temporary convenience, but everything carries on as usual. However, when th...

Be inspired by celeb home decor from across the globe

GET THE LOOK: INDULGE IN THE SAME INTERIOR AS YOUR FAVE CELEBS There is a reason that Denmark ranks the highest on the happiness scale worldwide, one word: Hygge. Hygge. Hygge is ...

Maximizing Space in Narrow Lot Homes: Smart Design Solutions

Urban housing markets continue to push homeowners toward smaller, narrower lots as land prices climb and city populations grow. These thin slices of real estate present unique de...

Times Magazine

The Essential Guide to Transforming Office Spaces for Maximum Efficiency

Why Office Fitouts MatterA well-designed office can make all the difference in productivity, employee satisfaction, and client impressions. Businesses of all sizes are investing in updated office spaces to create environments that foster collaborat...

The A/B Testing Revolution: How AI Optimized Landing Pages Without Human Input

A/B testing was always integral to the web-based marketing world. Was there a button that converted better? Marketing could pit one against the other and see which option worked better. This was always through human observation, and over time, as d...

Using Countdown Timers in Email: Do They Really Increase Conversions?

In a world that's always on, where marketers are attempting to entice a subscriber and get them to convert on the same screen with one email, the power of urgency is sometimes the essential element needed. One of the most popular ways to create urg...

Types of Software Consultants

In today's technology-driven world, businesses often seek the expertise of software consultants to navigate complex software needs. There are several types of software consultants, including solution architects, project managers, and user experienc...

CWU Assistive Tech Hub is Changing Lives: Win a Free Rollator Walker This Easter!

🌟 Mobility. Independence. Community. All in One. This Easter, the CWU Assistive Tech Hub is pleased to support the Banyule community by giving away a rollator walker. The giveaway will take place during the Macleod Village Easter Egg Hunt & Ma...

"Eternal Nurture" by Cara Barilla: A Timeless Collection of Wisdom and Healing

Renowned Sydney-born author and educator Cara Barilla has released her latest book, Eternal Nurture, a profound collection of inspirational quotes designed to support mindfulness, emotional healing, and personal growth. With a deep commitment to ...

LayBy Shopping