Bybit Extends Partnership with DMCC

Bybit, the world’s second-largest cryptocurrency exchange by trading volume serving 39 million users, has announced that it has extended its strategic partnership with Dubai Multi Commodities Centre (DMCC).

After a year of successful collaboration, Bybit, which is a technology company, has announced its new role as Ecosystem and Advisory Partner, solidifying its position as a leading force in Dubai’s thriving crypto and Web3 industry.

This elevated partnership marks a new chapter in Bybit and DMCC’s joint commitment to fostering the growth and development of the region’s crypto ecosystem. From August 2024 to July 2025, Bybit will serve as a DMCC Ecosystem and Advisory Partner, providing strategic guidance to the DMCC Crypto Centre and its members on key initiatives.

To further bolster Dubai’s position as a global crypto hub, Bybit and DMCC Crypto Centre will co-organize two major industry events this year – a global hackathon and a flagship conference.

The hackathon will nurture innovation by supporting developers in building web3 projects, while the conference will position Dubai as a thought leadership centre by bringing together industry experts and key opinion leaders.

The past year has been marked by significant achievements, including a $100,000 prize pool hackathon to support blockchain start-ups, a masterclass for aspiring entrepreneurs, the “Let Web3 Happen in Dubai” event focused on security and compliance, and a high-profile side event at Token 2049.

Through these initiatives, Bybit has actively supported and advised over 20 start-ups, helping them establish a foothold in Dubai’s dynamic crypto landscape.

Shaping Dubai’s Crypto Ecosystem

By taking on an advisory role, Bybit will leverage its deep industry expertise to shape the future of Dubai’s crypto and Web3 industry. This collaboration underscores Bybit’s unwavering commitment to supporting Dubai’s vision of becoming a global crypto and Web3 hub.

Helen Liu, Chief Operating Officer at Bybit, said that by taking on an advisory role, they were excited to leverage our expertise to drive innovation and support the growth of the industry in Dubai.

Belal Jassoma, Director of Ecosystems, DMCC, said that Bybit has been true partners over the past year, bringing substantial value to Dubai’s crypto and Web3 community.

“We are thrilled to expand this through Bybit’s advisory role, which will support our Crypto Centre members in new ways as they look to scale their crypto businesses and tap into some of the world’s most exciting markets,” he added.

Established in 2018, Bybit has been providing a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is also a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: “The Oracle Red Bull Racing team.”