Our creative approach leverages advanced artificial intelligence technology to conduct extremely effective transactions while successfully minimizing risks.

Our platform effectively mitigated risks by using its exclusive innovations, such as the integration of artificial intelligence and the development of its own developed trading systems.

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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce that it has been granted a full license by the Astana Financial Service Authority (AFSA).
This significant milestone enables Bybit to operate as a fully authorized market institution in Kazakhstan, marking another step in the company’s global expansion.

Under full authorization from AFSA, Bybit Kazakhstan will offer a comprehensive range of services, including operating a digital asset trading facility, providing custody, dealing in investments as both an agent and principal, and managing investments. Bybit’s new licensing opens many opportunities for users in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.

"Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market," said Ben Zhou, co-founder and CEO of Bybit. "With this full license, we are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry."

With this license, Bybit Kazakhstan will now offer various products, including spot and derivatives trading, margin trading, and crypto loans. The Bybit Kazakhstan website, under the domain “bybit.kz,” is scheduled to launch in mid-October 2024. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.

This new chapter for Bybit in Kazakhstan solidifies the company's commitment to fostering innovation and growth within the global cryptocurrency landscape. With a fully regulated platform, Bybit is poised to deliver enhanced services that meet the highest standards of compliance and security. Bybit looks forward to building strong relationships with traders in Kazakhstan and across the CIS region, empowering them to navigate the dynamic world of digital assets with confidence.

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Dubai's Virtual Assets Regulatory Authority (VARA) has announced new marketing guidelines for firms promoting virtual assets.

The updated requirements, which will go into effect on October 1, 2024, require companies to provide potential customers with clear warnings about the risks associated with cryptocurrencies.

To do this, each advertisement must contain a disclaimer, text that states that digital assets “may lose some or all of their value” because they are subject to “excessive volatility.” It is important that this information is clearly legible and prominently displayed in the advertisement.

This marketing ploy will ensure that potential investors are aware of the risks before they decide to invest in cryptocurrencies, Dubai regulators believe.

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