Bybit, the world’s second-largest cryptocurrency exchange, has launched bybit.kz, a fully localized platform for the Kazakhstani market, as revealed to Finbold on Wednesday, October 31.
With full authorization from the Astana Financial Services Authority (AFSA), Bybit is now fully compliant with the Central Asian country’s regulatory standards.
Bybit is now fully licensed in Kazakhstan! Exciting things coming in October. 🌍
Learn more 👉 https://t.co/spnN43HXsu pic.twitter.com/llcPbQHWsj
— Bybit (@Bybit_Official) September 29, 2024
Bybit Kazakhstan’s services
The Kazakhstani platform brings Bybit’s global services to Kazakhstan specifically tailored to meet the needs of Kazakhstan’s crypto community and ensure a seamless user experience.
Through bybit.kz, users can register using their email addresses and explore an array of trading options, such as spot trading for real-time crypto trading with full liquidity.
Experienced traders will certainly welcome derivatives trading, including futures, and margin trading for leveraged positions.
Crypto loans are also available, so users can borrow against their crypto holdings without having to sell.
The expansion to Kazakhstan complements Bybit’s ongoing efforts to bring crypto closer to the mainstream in the Islamic world and shows the platform’s commitment to diversity in the industry.
Recently, Bybit released the first-ever Islamic crypto account, which will also be available in Kazakhstan.
Bybit is now proud to announce the first ever Crypto Islamic account for all our Habibis out there! https://t.co/XX8pyD451N
— Bybit (@Bybit_Official) September 24, 2024
The new platform emphasizes user experience and security, meeting the highest security standards as an AFSA-licensed exchange and utilizing advanced security protocols to protect user data while complying with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
This launch marks a pivotal moment for Bybit’s expansion, bringing secure and advanced trading to the Kazakhstan crypto community and supporting their growing engagement in the digital asset market.
Kazakhstan Tenge gateway
Bybit Kazakhstan is also working with local banks to launch a fiat gateway for Kazakhstan Tenge (KZT).
This integration will allow residents to make direct deposits and withdrawals in KZT.
In addition, Bybit Kazakhstan prioritizes local customer support, offering assistance in Kazakh, Russian, and English.
The support team is fully trained to handle inquiries under Kazakhstan’s regulatory guidelines.
The post Bybit’s trading platform in Kazakhstan launches with full AFSA approval appeared first on Finbold.