- Bybit expanded its DMCC partnership and moved to an advisory role from August 2024.
- Bybit and DMCC will jointly organize a global hackathon and flagship conference.
- Last year, more than 20 startups were supported by Bybit in Dubai’s dynamic crypto ecosystem.
Bybit, the world’s second largest cryptocurrency exchange by trading volume, has announced the extension of its strategic partnership with the Dubai Multi Commodities Center (DMCC). The partnership has already delivered significant results over the past year and its expansion marks a new phase as Bybit transitions from a key ecosystem partner to an advisory role.
We are pleased to announce the extension 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 lead to major events and educational initiatives that… pic.twitter.com/AjCJ6DTWY7
— DMCC (@DMCCAuthority) July 31, 2024
The expanded 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 become DMCC’s ecosystem and advisory partner
In its new capacity as DMCC Ecosystem and Advisory Partner, Bybit will provide strategic guidance to the DMCC Crypto Center and its members.
Helen Liu, Chief Operating Officer at Bybit, acknowledged the new advisory role, saying that the company is honored to be the first organization appointed by DMCC in this advisory role and that they are excited to leverage their expertise to drive innovation and the growth of Dubai’s industry.
This shift underlines Bybit’s commitment to promoting the growth and development of the crypto industry in the region.
By leveraging its deep industry expertise, Bybit aims to shape the future of Dubai’s fast-growing Web3 sector.
To strengthen Dubai’s position as a leading global crypto hub, Bybit and DMCC have planned two major industry events this year.
A global hackathon will be organized to promote innovation by supporting developers in building Web3 projects. Additionally, a flagship conference will bring together industry experts and key thought leaders, positioning Dubai as a center 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 more than twenty startups.
Their initiatives include a hackathon with a $100,000 prize pool, a masterclass for aspiring entrepreneurs and a high-profile side event at Token 2049. These efforts have helped countless startups gain a foothold in Dubai’s dynamic crypto landscape.