Danjuma
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.
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, cofounder and CEO of Bybit. We are committed to enriching the Web3 ecosystem on our journey to become the worlds Crypto Ark and want to do our part in advancing innovation and competition in the digital economy.
The agreement follows the unveiling of Bybits global headquarters in Dubai on April 17 when it alluded to further localization efforts in the region.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive of DMCC, and Ben Zhou,Cofounder and CEO of Bybit, signed an MOU in Dubai on June 5, 2023
The MOU includes Bybits 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.