Bybit Elevates Partnership with DMCC to Advisory Role, Enhancing Dubai’s Crypto Landscape

Bybit, the second-biggest cryptocurrency exchange globally based on trading volume, and Dubai Multi Commodities Centre (DMCC) have extended their collaboration. After a year of fruitful cooperation, Bybit will now shift from being a crucial ecosystem partner to an advising position, thereby strengthening its position in Dubai’s quickly expanding Web3 and cryptocurrency sectors.

Bybit will function as a DMCC Ecosystem and Advisory Partner from August 2024 to July 2025, providing strategic direction to the DMCC Crypto Center and its participants. Bybit’s dedication to building the crypto ecosystem in the area and assisting Dubai in realizing its goal of becoming a worldwide center for cryptocurrencies is evident in this expanded position. Bybit’s advising efforts will be concentrated on important projects that will influence how Dubai’s cryptocurrency scene develops in the future.

To reinforce Dubai’s standing as a global leader in cryptocurrency, Bybit and the DMCC Crypto Center are set to co-host two major industry events this year: a global hackathon and a flagship conference. The hackathon aims to foster innovation by empowering developers to create groundbreaking Web3 projects. Meanwhile, the conference will position Dubai as a thought leadership hub, attracting industry experts and key opinion leaders from around the world.

A Year of Milestones and Future Aspirations

Over the past year, Bybit and DMCC have achieved significant milestones together and individually, including organizing a $100,000 prize pool hackathon to support blockchain startups, conducting a Masterclass for aspiring entrepreneurs, and hosting the “Let Web3 Happen in Dubai” event focused on security and compliance. Bybit has played a crucial role in advising and supporting over 20 startups, helping them establish a strong presence in Dubai’s dynamic crypto market. DMCC, on the other hand, formed a formidable partnership with Solana Foundation.

Helen Liu, Chief Operating Officer at Bybit, expressed her enthusiasm for the expanded partnership, stating, “We are honored to be the first organization appointed to this advisory role by DMCC. By leveraging our expertise, we are excited to drive innovation and support the growth of the industry in Dubai.”

Belal Jassoma, Director of Ecosystems at DMCC, echoed this sentiment, adding, “Bybit has been true partners over the past year, bringing substantial value to Dubai’s crypto and Web3 community. We are thrilled to expand this through Bybit’s advisory role, which will support our Crypto Centre members in new ways as they look to scale their crypto businesses and tap into some of the world’s most exciting markets.”