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Bybit Opens Global Headquarters In Dubai’s World Trade Center
The cryptocurrency exchange has massive plans for regional and world domination after doubling trading volumes in the MENA region and increasing its user base to 15 million.
Established in 2018, Bybit is an ultra-fast, professional cryptocurrency exchange with 15 million users worldwide. Today, the company has announced the opening of a new global headquarters in Dubai. The MENA region’s second-largest crypto exchange also revealed plans to further strengthen its position in the Middle East.
Bybit’s 16,000-square-foot office occupies an entire floor at One Central, Dubai World Trade Center, overlooking the world-famous Burj Khalifa and the Museum of the Future.
The crypto company was one of the first exchange services to be approved to operate in Dubai and is on track to double trading volumes in the region.
Bybit has lofty ambitions for world domination. The company aims to facilitate mass adoption of digital assets and will use its new Dubai base to host professional meet-ups and live streaming events, as well as offering members of the Bybit network access to exclusive spaces and support.
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Bybit also plans to host workshops at the new headquarters to gather user feedback, showcase its product design and commercialization processes, and share news and insights on the latest market trends.
“The digital economy is advancing at incredible speed, and crypto and blockchain technology will be the mainstay and the connective tissues. As one of the most progressive digital assets hubs in MENA and the world, Dubai is optimally positioned to capture the opportunities in the sector by bringing together state-of-the-art tech and infrastructure, international talent, and vision,” says Ben Zhou, CEO and co-founder of Bybit.
Zhou also noted that the new office space was designed to emphasize Bybit’s commitment to openness and creativity: “We are excited to be part of Dubai’s futuristic skyline. The new office will be an innovative hub for dreamers and creators to exchange ideas and unlock next-level opportunities of Web3”.
News
Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia
The e-commerce startup is aiming to tap into the Kingdom’s underdeveloped e-grocery sector with a tech-first, locally rooted strategy.
Rabbit, an Egyptian-born hyperlocal e-commerce startup, is expanding into the Saudi Arabian market, setting its sights on delivering 20 million items across major cities by 2026.
The company, founded in 2021, is already operational in the Kingdom, with its regional headquarters now open in Riyadh and an established network of strategically located fulfillment centers — commonly known as “dark stores” — across the capital.
The timing is strategic: Saudi Arabia’s online grocery transactions currently sit at 1.3%, notably behind the UAE (5.3%) and the United States (4.8%). With the Kingdom’s food and grocery market estimated at $60 billion, even a modest increase in online adoption could create a multi-billion-dollar opportunity.
Rabbit also sees a clear alignment between its business goals and Saudi Arabia’s Vision 2030, which aims to boost retail sector innovation, support small and medium-sized enterprises, attract foreign investment, and develop a robust digital economy.
The company’s e-commerce model is based on speed and efficiency. Delivery of anything from groceries and snacks to cosmetics and household staples is promised in 20 minutes or less, facilitated by a tightly optimized logistics system — a crucial component in a sector where profit margins and delivery expectations are razor-thin.
Despite the challenges, Rabbit has already found its stride in Egypt. In just over three years, the app has been used by 1.4 million customers to deliver more than 40 million items. Revenue has surged, growing more than eightfold in the past two years alone.
Also Read: Top E-Commerce Websites In The Middle East In 2025
CEO and Co-Founder Ahmad Yousry commented: “We are delighted to announce Rabbit’s expansion into the Kingdom. We pride ourselves on being a hyperlocal company, bringing our bleeding-edge tech and experience to transform the grocery shopping experience for Saudi households, and delivering the best products – especially local favorites, in just 20 minutes”.
The company’s growth strategy avoids the pitfalls of over-reliance on aggressive discounting. Instead, Rabbit leans on operational efficiency, customer retention, and smart scaling. The approach is paying off, having already attracted major investment from the likes of Lorax Capital Partners, Global Ventures, Raed Ventures, and Beltone Venture Capital, alongside earlier investors such as Global Founders Capital, Goodwater Capital, and Hub71.
Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia
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