Bybit plans to move to Dubai due to the investment climate

30.03.2022 15:56
by Artem Ustinov
1 min read

Bybit plans to move to Dubai due to the investment climate

Cryptocurrency exchange Bybit has announced plans to move its headquarters from Singapore to Dubai. This is due to the policy of the emirates to create favorable conditions for companies in rapidly growing sectors of the economy.

Bybit has already submitted an application for approval to operate in the United Arab Emirates. Within a month, the crypto exchange will receive approval from the government to conduct a cryptocurrency business in the country.

Crypto.com also plans to open a structural unit in Dubai and significantly increase its presence in the UAE. But the company does not plan to move its headquarters to Dubai.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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