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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.

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2 years ago

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bybit opens global headquarters in dubai's world trade center
Bybit

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.

Also Read: LimeWire Launches Nostalgic Browser Game With Crypto Rewards

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.

bybit ceo and co-founder ben zhou

“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”.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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