Bybit Pushes Ahead With Middle East Growth Plans
Bybit is deepening its Middle East operations, appointing a new MENA country manager despite escalating regional tensions.Summary
Despite escalating geopolitical tensions in the Middle East, crypto exchange Bybit is doubling down on its commitment to the region, particularly the UAE. Co-CEO Helen Liu stated that the company is increasing investment and deepening its presence, contrasting with other firms reassessing their Gulf exposure. Bybit has appointed Derek Dai as the new country manager for the MENA region to oversee market expansion, regulatory collaboration, and localized product development. Dai emphasized focusing on deepening collaboration with financial centers like the DIFC and DMCC, expanding access to the UAE dirham, and advancing tokenized real-world assets. The exchange has also implemented safety measures for its UAE-based employees.
(Source：Cointelegraph)