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.