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In a collaboration that is set to ignite the crypto scene in Dubai, the Dubai Multi Commodities Centre (DMCC) has teamed up with global crypto giant Bybit.
A strategic partnership
This strategic partnership aims to provide substantial financial support, totaling Dhs500,000, to new crypto ventures seeking to establish themselves in the thriving DMCC Crypto Centre—an influential hub for Web3 and blockchain enterprises in the region.
As reported by Gulf Today, Bybit, one of the world's leading crypto exchanges with over 15 million users, will take on the role of the official listing partner for the Crypto Centre. This means that Bybit will offer dedicated support to crypto firms looking to list their digital assets on top global exchanges, providing a significant boost to their visibility and growth opportunities. Moreover, Crypto Centre members will gain access to a range of Bybit Services, further enhancing their capabilities and potential.
With its headquarters in Dubai, Bybit's partnership with DMCC underscores the emirate's growing prominence as a global crypto hub. The collaboration aims to foster the success of high-potential Web3 businesses in Dubai and fuel the continuous evolution of the crypto industry and the global digital economy.
Bybit brings to the table its expertise in transparency, listing procedures, custodial services, and more, aiming to make a lasting impact on Dubai's position as the crypto capital and to fulfil its vision of becoming, what Ben Zhou, co-founder and CEO, calls the world's "Crypto Ark."
Ahmed Bin Sulayem, the Executive Chairman and Chief Executive of DMCC, expressed his excitement about the partnership, stating,
"Dubai has firmly established itself as a global hub for crypto and Web3, with the DMCC Crypto Centre serving as the region's premier platform for crypto firms. Bybit's presence further strengthens this position, and we are delighted to have them on board as an official ecosystem partner. Through their expertise and financial contribution, we anticipate an acceleration in the growth and influence of Dubai's pioneering crypto and Web3 businesses."
Dubai positions itself as a crypto hub
The collaboration between DMCC and Bybit extends beyond financial support and listing opportunities. Bybit will actively participate in the educational initiatives of the DMCC Crypto Centre, delivering webinars and educational courses focused on emerging trends in the digital assets industry, the role of centralised exchanges, and their impact on shaping the Web3 ecosystem.
As an inclusive ecosystem catering to Web3 and blockchain enterprises, the DMCC Crypto Centre offers a wide range of services and support for companies looking to establish and expand their crypto operations.
Currently hosting more than 550 businesses in the Web3 and blockchain space, the Crypto Centre provides an ideal environment for entrepreneurs and innovators to thrive, positioning Dubai as a hotbed for crypto-based innovation and growth.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice