Bybit, one of the world’s most rapidly growing crypto exchanges, has hit a major milestone, and it’s a game-changer for both the company and @Kazakhstan’s crypto scene. The exchange has just secured a full license to operate in the country, marking a bold step forward in its global expansion.
This comes hot on the heels of the @AstanaFinancialServiceAuthority’s (AFSA) consent to full authorization granted on September 6, paving the way for Bybit to operate as Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF).
This license is more than just paperwork—it's the key to unlocking a suite of crypto services that Bybit will soon roll out in Kazakhstan. With the license in hand, Bybit’s local entity will offer a full-fledged trading platform, accessible via bybit.kz, starting mid-October.
Users in Kazakhstan and the broader @CIS (Commonwealth of Independent States) region will have access to a variety of services, including spot and derivatives trading, margin trading, and digital asset loans. The exchange will also provide investment management services as both an agent and a principal, solidifying its role as a significant player in Kazakhstan’s burgeoning crypto market.
Bybit’s founder and CEO, @BenZhou, couldn’t be more thrilled about the expansion. In a statement, Zhou highlighted that Bybit’s cutting-edge technology, security features, and transparent operations will empower Kazakhstan’s crypto traders.
“We’re committed to bringing the best tools and services to traders in Kazakhstan, helping them thrive in this fast-growing industry,” Zhou said.
Kazakhstan has been a hotbed for crypto in recent years, with more and more global exchanges eyeing the region for expansion. The country’s progressive stance on crypto regulation makes it an attractive destination for companies like Bybit, which are eager to cement their presence in new, high-potential markets. Even Binance, another crypto heavyweight, secured@ AFSA’s consent to full authorization on the same day as Bybit.
For @Bybit, this move signifies more than just geographic growth. It’s a bold leap toward becoming a trusted, regulated player in the global crypto industry. The full license not only provides Bybit with legal backing but also opens doors to new opportunities in a region where crypto adoption is on the rise.
As the crypto landscape continues to evolve, Bybit’s expansion into Kazakhstan shows that the company is not just keeping up—it’s setting the pace. The exchange is ready to dive deep into Kazakhstan’s dynamic crypto market, offering its users robust, reliable, and regulated services.
Crypto enthusiasts in Kazakhstan now have a new heavyweight player in town, and the future looks brighter than ever for traders across the region.