Bybit and DMCC extend partnership to bolster Dubai’s crypto ecosystem

• Bybit extended its DMCC partnership, transitioning to an advisory role from August 2024.
• Bybit and DMCC to co-organize a global hackathon and a flagship conference.
• Over 20 startups were supported by Bybit in Dubai’s dynamic crypto ecosystem last year.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the extension of its strategic partnership with the Dubai Multi Commodities Centre (DMCC). The collaboration has already seen significant achievements over the past year and its extension marks a new phase as Bybit transitions from a key ecosystem partner to an advisory role.

We are excited to announce the renewal of @dmcccrypto‘s partnership with @Bybit_Official, a key ecosystem partner accelerating the development and mass adoption of the #crypto and #Web3 industries. This partnership will see major events and educational initiatives bringing… pic.twitter.com/AjCJ6DTWY7

— DMCC (@DMCCAuthority) July 31, 2024

The extended partnership will run from August 2024 to July 2025 and aims to further strengthen Dubai’s position as a global hub for cryptocurrency and Web3 innovation.

Bybit will be DMCC’s ecosystem and advisory partner

In its new capacity as a DMCC Ecosystem and Advisory Partner, Bybit will provide strategic guidance to the DMCC Crypto Center and its members.

Acknowledging the new advisory role, Chief Operating Officer at Bybit, Helen Liu, said that the company is honoured to be the first organization appointed to this advisory role by DMCC and that they are excited to leverage their expertise to drive innovation and support the growth of the industry in Dubai.

This shift underscores Bybit’s commitment to fostering the growth and development of the region’s crypto industry.

By leveraging its deep industry expertise, Bybit aims to shape the future of Dubai’s burgeoning Web3 sector.

To enhance Dubai’s standing as a leading global crypto hub, Bybit and DMCC have planned two major industry events this year.

A global hackathon will be organized to nurture innovation by supporting developers in building Web3 projects. Additionally, a flagship conference will bring together industry experts and key opinion leaders, positioning Dubai as a centre for thought leadership in the crypto space.

Over the past year, Bybit has played a crucial role in Dubai’s crypto ecosystem, actively supporting and advising over 20 startups.

Their initiatives included a $100,000 prize pool hackathon, a masterclass for aspiring entrepreneurs, and a high-profile side event at Token 2049. These efforts have helped numerous startups establish a foothold in Dubai’s dynamic crypto landscape.