On March 28, Crypto.com and Bybit announced plans to open offices in Dubai during the World Government Summit.
The two firms have around 15 million customers and handle billions of dollars in trade activity. Crypto.com and Bybit have been actively promoted in recent months and are now expanding around the world.
Meanwhile, Dubai is trying to establish itself as a worldwide centre for the developing crypto business and has just established a new virtual assets regulating organisation. It is also creating a complete legal and regulatory framework for virtual assets, some of which are already in effect.
Crypto.com will establish a new regional headquarters in the Emirate and employ between 100 and 200 people, including engineers. It is in the midst of seeking office space right now.
Bybit announced that it has acquired clearance to provide a complete range of virtual asset services. The corporation intends to relocate its worldwide headquarters and certain employees from Singapore to Dubai. It also intends to employ extra personnel on a local level.
