Bybit Receives Official Approval to Operate in Kazakhstan

ASTANA, Kazakhstan, Jun 8, 2023 – Bybit, the world third most visited crypto exchange, is pleased to announce it has been granted the license for Operating a Digital Asset Trading Facility and Providing Custody by the Astana Financial Service Authority (AFSA), the regulator of the Astana International Financial Centre, as an Authorised Market Institution in Kazakhstan on June 7, 2023.

The authorization follows the in-principle approval by AFSA earlier this year, as Bybit ramps up efforts to strengthen the crypto exchange's presence in the Commonwealth of Independent States market in full compliance of the local regulatory regime.

We believe it is not only possible but imperative for responsible digital asset service providers to provide the necessary guardrail and a level of transparency investors have come to expect of us, and we endeavor to increase access to our state-of-the-art trading and custodial services to millions of users worldwide.

Please see below a message from our co-founder and CEO, Ben Zhou: https://twitter.com/benbybit/status/1666450678565273604?s=20



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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.

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