DUBAI, UNITED ARAB EMIRATES – Media OutReach – 5 June 2023 – Bybit, the world’s third most visited crypto exchange, has announced a strategic partnership with the leading global business district, the Dubai Multi Commodities Centre (DMCC) to accelerate the mass adoption of crypto in Dubai and deliver on its promise of investing in the Web3 ecosystem in the emirate. The collaboration will see Bybit become an official Ecosystem Partner for the DMCC Crypto Centre, the largest concentration of crypto and Web3 businesses in the MENA region.

Bybit and DMCC signed a Memorandum of Understanding (MOU) to support the growth of the crypto community in the region. The agreement follows the unveiling of Bybit’s global headquarters in Dubai on April 17 when it alluded to further localization efforts in the region.

The MOU includes Bybit’s pledge of financial support in the amount of AED 500,000 to kickstart the growth journeys of 15 new Web3 companies at the DMCC Crypto Centre. To qualify for this opportunity, start-ups must successfully pass the standard compliance and due diligence checks required by DMCC.

Bybit will also serve as DMCC’s crypto listing partner and assist in other blockchain-related projects. The exchange will play an active advisory and guidance role at the DMCC Crypto Centre, sharing first-hand insights and technical know-how to help young projects succeed and get listed on the Bybit platform. Currently on the roadmap are two hackathons in the DMCC’s crypto and gaming centers. These hackathons will convene developers, entrepreneurs, and industry experts to collaborate and foster ground-breaking ideas to shape the crypto and Web3 industries.

The DMCC Crypto Centre will provide Bybit with another avenue for collaboration with innovative crypto and Web3 entrepreneurs and founders. Bybit will also contribute to the Centre’s efforts in knowledge sharing and capacity building in the digital economy through webinars, curated courses, educational content, and awareness campaigns. As the world’s “Crypto Ark,” Bybit will be available to DMCC Crypto Centre members’ companies where appropriate to help them bring their ambitions to fruition.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive of DMCC, said: “Dubai has truly cemented its position as a global hub for crypto and Web3, with the DMCC Crypto Centre boasting the highest concentration of crypto firms in the region. This status has only been bolstered by Bybit’s presence in the emirate, so we are excited to have them on board as an official Ecosystem Partner. Thanks to Bybit’s industry-leading expertise and financial contribution, this partnership will see the acceleration of the impact that Dubai’s game-changing crypto and Web3 businesses are having on the industry.”

The MOU underpins the partners’ shared vision to develop a vibrant hub of blockchain-based activity and connectivity. It also gives Bybit access to the broad membership of DMCC as an Ecosystem Partner, which includes technology partners, government bodies, investors, incubators/accelerators, and service providers.

“We are delighted to be partnering with such a prestigious organization as the DMCC,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to enriching the Web3 ecosystem on our journey to become the world’s ‘Crypto Ark’ and want to do our part in advancing innovation and competition in the digital economy. We look forward to bringing our own brand of next-level opportunities to the UAE’s burgeoning crypto community.”​​

“Congratulations to the partnership. I am very pleased to have a part in this momentous partnership between Bybit and DMCC. This partnership is a classic example of what Web3 collaboration and support looks like. I’m excited to see how this partnership will add value to the web3 ecosystem. My core focus has always been to enrich and interconnect the Web3 ecosystem in the UAE and will continue to give my support by leveraging our immediate network,” said Feras Al Sadek, Managing Partner, Ghaf Capital Partner & Ghaf Labs.

More From Bybit

• This Just In: Bybit is Coming to Dubai!
• CEO of Bybit: Dubai Headquarters Will Be A Community Hub for Traders and Partners
• Ben Zhou to Unveil Bybit’s Vision for the Crypto Exchange Industry at Blockchain Life Conference

Hashtag: #Bybit #TheCryptoArk #BybitPartners

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About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit: https://www.bybit.com/

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About DMCC
Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future. www.dmcc.ae

HONG KONG SAR – Media OutReach – 5 June 2023 – As the banking crisis in the US intensifies in recent months, gold has become a popular investment choice in East Asia. Rare Trader, a veteran investment education provider, has been working hard to revolutionize this misconception and has decided to launch a new online investment training course in the second half of 2023, in the hope that more people will be properly informed about the concept of gold investment and be prepared to hedge against a possible global economic downturn this year.

Given the increased volatility in the international financial markets since last year, market sentiment has shifted towards safe-haven investment instruments, with gold being one of the most popular choices. However, gold investments have been relatively less popular among Hong Kong people in recent years, and this is due to misconceptions about gold investments. The root of the problem is that in Hong Kong and other Asian countries such as Malaysia and Taiwan, there have been instances where brokers have induced investors to agree to authorize brokers to operate their accounts through trading “Loco London Gold ” and then speculate wildly to earn commissions, causing investors to suffer losses.

To avoid this trend, Rare Trader, an investment education provider, reminds investors to adopt the right attitude when entering the market and not to entrust their investment operations to third parties. According to the institute, gold is the most heavily traded market in the world, and its charts are logical and reflect the market’s investment trends, so it takes a long period of study and analysis to gain insights. Rare Trader urges the public not to think that “gold investment” is like “London Gold”, as the latter is a non-physical form of market trading that originated in London, hence the name, and to avoid falling prey to the Loco London Gold scams that have repeatedly occurred in Hong Kong in the past.

Since its inception in 2017, Rare Trader has been providing training to students and companies from all walks of life through videos, live broadcasts and blog posts on various social media platforms, attracting over 1,500 students. This year, he was awarded the “Outstanding Investment Analysis Teaching Award” by an industry body as a token of appreciation. In the face of the uncertain global economic outlook, Rare Trader will launch a new online course in the second half of the year, to correct misconceptions and enable more people to understand the practicalities of real investment, as well as guiding students to prepare for the potential risks of asset devaluation in Hong Kong or Asia, so that too many people in the community do not make fatal mistakes in their haste to enter the market.

Hashtag: #Goldinvestment #投資教學 #全透明覆盤 #RareTrader #黃金投資 #Fully_Transparent_Laminate

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