Bybit extends its strategic partnership with Dubai Multi Commodities Centre (DMCC), transitioning into an advisory role to further bolster Dubai’s position as a global crypto hub.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the extension of its strategic partnership with the Dubai Multi Commodities Centre (DMCC). Building on a year of successful collaboration, Bybit is transitioning from a key ecosystem partner to an advisory role, solidifying its influence in Dubai’s growing crypto and Web3 industry. 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 essential initiatives.
To further enhance Dubai’s standing as a leading global crypto hub, Bybit and the DMCC Crypto Center will co-host two major industry events this year: a global hackathon and a flagship conference. The hackathon aims to foster innovation by supporting developers in creating Web3 projects, while the conference will position Dubai as a center for thought leadership by bringing together industry experts and key opinion leaders.
The past year has seen significant milestones, including a $100,000 prize pool hackathon to support blockchain startups, a Masterclass for aspiring entrepreneurs, the “Let Web3 Happen in Dubai” event focusing on security and compliance, and a notable side event at Token 2049. Through these initiatives, Bybit has provided active support and guidance to over 20 startups, helping them establish a strong presence in Dubai’s dynamic crypto ecosystem.
In its new advisory capacity, Bybit will leverage its extensive industry knowledge to influence the future of Dubai’s crypto and Web3 sectors. This collaboration highlights Bybit’s continued commitment to supporting Dubai’s vision of becoming a global leader in the crypto and Web3 space.
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“We are honored to be the first organization appointed to this advisory role by DMCC,” said Helen Liu, Chief Operating Officer at Bybit. “By taking on an advisory role, we are excited to leverage our expertise to drive innovation and support the growth of the industry in Dubai.”
Belal Jassoma, Director of Ecosystems, DMCC, added “Bybit have 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.”
About Bybit
Bybit is the second-largest cryptocurrency exchange globally by trading volume, catering to over 39 million users. Founded in 2018, Bybit offers a professional platform equipped with an ultra-fast matching engine, 24/7 customer support, and multilingual community assistance. Bybit is also a proud partner of Oracle Red Bull Racing, the reigning Constructors’ and Drivers’ champions in Formula One.
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