Bybit, a crypto exchange will join the partnership with DMCC to promote Crypto and web3 Adoption
Bybit, the third-most-visited cryptocurrency exchange in the world, has announced a strategic partnership with Dubai’s leading global business district, the Dubai Multi Commodities Centre (DMCC), to fulfill its promise to invest in the Web3 ecosystem in the emirate and accelerate cryptocurrency adoption. Bybit will become an official Ecosystem Partner for the DMCC Crypto Centre, which is the region’s largest concentration of crypto and Web3 businesses.
A Memorandum of Understanding (MOU) was signed by Bybit and DMCC to help the region’s crypto community grow. The announcement of the global headquarters of Bybit in Dubai on April 17 made nods to future regional localization efforts.
Bybit has agreed to contribute AED 500,000 to the DMCC Crypto Centre to help 15 new Web3 businesses get started on their growth paths. To fit the bill for this open door, new businesses should effectively pass the standard consistency and an expected level of investment checks expected by DMCC.
Bybit will also assist in other blockchain-related projects and act as DMCC’s crypto-listing partner. At the DMCC Crypto Centre, the exchange will provide first-hand knowledge and technical expertise to assist emerging projects in achieving success and listing on the Bybit platform. Two hackathons in the DMCC’s crypto and gaming centers are currently on the agenda. These hackathons will assemble engineers, business visionaries, and industry specialists to team up and cultivate weighty plans to shape the crypto and Web3 enterprises.
Bybit will have yet another opportunity to collaborate with cutting-edge crypto and Web3 founders through the DMCC Crypto Centre. Through webinars, curated courses, educational content, and awareness campaigns, Bybit will also contribute to the Centre’s efforts to share knowledge and build capacity in the digital economy. As the world’s “Crypto Ark,” Bybit will be accessible to DMCC Crypto Center individuals’ organizations where proper to assist them with carrying their desires to completion.
The DMCC’s Executive Chairman and Chief Executive Officer, Ahmed Bin Sulayem, stated: With the DMCC Crypto Centre having the highest concentration of crypto firms in the region, Dubai has truly established itself as a global hub for Web3 and cryptocurrency. Bybit’s presence in the emirate has only increased this status, so their inclusion as an official Ecosystem Partner is exciting. This partnership will see Dubai’s game-changing crypto and Web3 businesses’ impact on the industry accelerate as a result of Bybit’s industry-leading expertise and financial contribution.”
The partners’ shared goal of creating a bustling hub of blockchain-based activity and connectivity is supported by the MOU. As an Ecosystem Partner, it also grants Bybit access to the entire DMCC membership, which includes investors, technology partners, government agencies, incubators/accelerators, and service providers.
