Bybit’s New License and Services in Kazakhstan
Crypto traders should note that Bybit is the second biggest cryptocurrency trading platform in terms of volume after Binance has recently been granted a full operating license by the Astana Financial Service Authority (AFSA). This achievement enables Bybit to act as an independent market entity in Kazakhstan and strengthen its global adoption plan.
With this authorization, Bybit Kazakhstan will offer a full suite of services including trading, storage, and investment in cryptocurrencies, for the Kazakhstan and other CIS countries markets. These are spot and derivatives trading, margin trading services, and lending services in the form of crypto loan services.
Bybit’s Vision for Kazakhstan
“Cryptocurrency is an increasingly significant sector in Kazakhstan, as well as our partner’s fast-growing segment,” noted Zhou, co-founder and CEO of Bybit. “We are eager in particular to provide the best possible experience for crypto traders in Kazakhstan and beyond by holding this full license.”
The fully licensed Bybit Kazakhstan will also release the official website “bybit.kz” in the mid of October of next year offering various crypto products and services that would fit the traders’ and investors’ needs in the region. This new development underscores Bybit’s commitment to delivering comprehensive, secure, and transparent trading services within the emerging cryptocurrency space but with compliance standards that are fit for traditional financial markets.
As it becomes evident that Bybit continues to place massive importance on the craft and development of crypto products and services, therefore expanding into Kazakhstan is another sign of Bybit’s consistent adjustments within the global crypto market. Therefore, Bybit seeks to support users by obtaining cooperation with traders in Kazakhstan and the other CIS countries to provide the tools and background they need to succeed in the continuously developing digital asset sphere.
About Bybit
Based in Singapore, Bybit is an exchange that was founded in the year 2018 and has become the second-largest exchange currently in the world regarding trading volume, across the globe, the exchange has registered over fifty million users. The platform provides an accessible, fully professional level trading environment with a lightning-fast matching engine, excellent customer support, and an international community, which speaks several languages.
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