DMCC (Dubai Multi-Commodity Centre) is the largest free trade zone in the UAE. It recently announced its collaboration with Bybit Exchange which is a global cryptocurrency giant.
Bybit has always been a customer focussed and tries to adopt new innovative features for the overall welfare of the customers. To know more about Bybit features, check out ByBit Exchange Review. Furthermore, the collaboration will provide financial assistance to 15 new crypto projects who are willing to set up their companies in Dubai. Bybit will provide AED 500,000 to new businesses, allowing them to set up their companies in the largest community of the region surrounding blockchain and Web3 businesses.
DMCC Crypto Centre will continue to provide comprehensive support for blockchain and Web3 businesses through this partnership. Bybit will be a listing partner for the DMCC Crypto Centre, and the company will provide dedicated support to cryptocurrency firms who want to list their digital assets on the top global exchange. In addition to this, this integration with Bybit will bring Bybit Services to the members of the Crypto Centre.
Bybit is headquartered in UAE, and it is the third most commonly used crypto exchange in the world, with more than 15 million registered users.
DMCC is consistently working further improve the support provided to Crypto Centre members, and Bybit members will take part in educational initiatives offered by DMCC Crypto Centre by delivering educational courses and webinars about the blockchain and digital asset industry, emerging trends, decentralized and centralized exchanges as well as their impact in shaping the entire Web3 industry.
According to the executive chairman and chief executive of DMCC, Ahmed Bin Sulayem, DMCC boasts the largest concentration of cryptocurrency firms in Dubai. The presence of Bybit will only bolster this status by acting as an official ecosystem partner. The financial contribution and industry-leading expertise of Bybit have accelerated the impact of the game-changing crypto businesses in Dubai.
According to the CEO and co-founder of Bybit, Ben Zhou, Dubai has become a focal point on a global level for the cryptocurrency industry. Bybit will facilitate the success of DMCC and continue promoting the evolution of the global crypto and digital economy.
It will provide its standard of custodial services, expertise, and transparency to the members of the Crypto Centre, which will have a substantial impact on the future of Dubai as the cryptocurrency capital. The DMCC Crypto Centre is currently home to more than 550 businesses that operate in the blockchain and Web3 space. It is a comprehensive ecosystem that develops Blockchain and Web3 projects as well as associated value-added services to provide everything that businesses require to set up and enhance their operations.