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.
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”.
Yalla!Hub Forms New Partnership With WEE Marketplace
The collaboration will accelerate e-commerce digitalization and allow for speedy deliveries across the Gulf countries.
After raising $6 million to expand into Saudi Arabia and Qatar, Yalla!Hub is now set to collaborate with WEE to facilitate the sale of products through both YallaMarket and the WEE marketplace. The companies plan to enhance the GCC e-commerce market using a range of innovative solutions for sales and delivery, presenting new opportunities for Emirati-based and foreign suppliers.
“This collaboration with WEE Marketplace signifies a major step forward in our mission to revolutionize e-commerce through digitalization in the UAE and GCC, making market entry and operations smoother both for customers and businesses. With this partnership, we’re able to extend the reach of brands to a wider audience,” explained Leo Dovbenko, CEO of Yalla!Hub.
Meanwhile, new partner WEE is uniquely positioned in the UAE and already well known for fast delivery services. The company’s WEE Marketplace will soon feature goods from Yalla!Hub on their platform, empowering Dubai shoppers with 1-hour delivery windows and a next-day service across the rest of the Emirates.
“WEE Marketplace and Yalla!Hub are absolute leaders of the UAE fast e-commerce market, and this partnership opens new horizons for brands, allowing them to enter at once both platforms. We choose the brands very carefully, aiming to give the best products to our customers,” said Anastasia Kim, CEO and co-founder of WEE marketplace.
The Emirati e-commerce market has now reached a value of nearly $13 billion and is expected to grow to $20 billion by 2027. Express deliveries account for 5.5% of total merchandise turnover, which currently stands at around $700 million. Among the express delivery categories, cosmetics, pharmaceuticals, flowers, and groceries lead the way.