Bybit, the global second-largest cryptocurrency exchange by trading volume, announced the extension of its strategic partnership with Dubai Multi Commodities Centre (DMCC), After a year of successful collaboration, Bybit isย thrilled to announce its new role from a key ecosystem partner to an advisory role, boosting its position as a leading force in Dubaiโs thriving crypto and Web3 industry.
This elevated partnership brings out a new chapter in Bybit and DMCCโs joint commitment to fostering the growth and development of the regionโs crypto ecosystem. From August 2024 to July 2025, Bybit will serve as a DMCC Ecosystem and Advisory Partner, offering strategic guidance to the DMCC Crypto Center and its members on key initiatives.
Boosting Dubaiโs position as a Global Crypto Hub
โWe areย honored to be the first organization appointed to this advisory role by DMCC,โ stated Helen Liu, Chief Operating Officer at Bybit. โBy taking on an advisory role, we are excited to leverage our expertise to drive innovation and support the growth of the industry in Dubai.โ
Belal Jassoma, Director of Ecosystems, DMCC, added โBybit has been a true partner over the past year, bringing substantial value to Dubaiโs crypto and Web3 community. We are thrilled to expand this through Bybitโs 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 worldโs most exciting markets.โ
Industry sources added that to further bolster Dubaiโs position as a global crypto hub, Bybit, and DMCC Crypto Center will co-organize two major industry events this year: a global hackathon and a flagship conference. The hackathon will nurture innovation by supporting developers in building web3 projects, while the conference will position Dubai as a thought leadership center by bringing together industry experts and key opinion leaders.
The past year has been marked by significant achievements, including a $100,000 prize pool hackathon to support blockchain startups, a Masterclass for aspiring entrepreneurs, the “Let Web3 Happen in Dubai” event focused on security and compliance, and a high-profile side event at Token 2049. Through these initiatives, Bybit has actively supported and advised over 20 startups, helping them establish a foothold in Dubaiโs dynamic crypto landscape.
By taking on an advisory role, Bybit will leverage its deep industry expertise to shape the future of Dubaiโs crypto and Web3 industry. This collaboration underscores Bybitโs unwavering commitment to supporting Dubaiโs vision of becoming a global crypto and Web3 hub.
