Bybit Launches First Shariah-Compliant Cryptocurrency Account
Introduction to Bybit's Islamic Account
Bybit, recognized as the world's second-largest cryptocurrency exchange by trading volume, has unveiled its Islamic Account, pioneering the field of Shariah-compliant cryptocurrency trading. This groundbreaking initiative supports Muslim traders worldwide by aligning with Islamic law.
Shariah-Compliant Trading Solutions
Bybit's Islamic Account delivers a suite of trading products that adhere to Shariah law. The account was meticulously developed with guidance from ZICO Shariah Advisory Services and CryptoHalal, ensuring all offerings are compliant with Islamic finance principles. This innovative move by Bybit marks a significant milestone in making crypto trading both accessible and compliant for Muslim traders.
Key Features of the Islamic Account
The Islamic Account offers several notable features:
- Global Accessibility: Available to users everywhere, barring regions with legal restrictions.
- Shariah-Compliant Products: Includes spot trading with 75 compliant tokens, alongside DCA trading bot and Spot Grid Bot.
- Double Shariah Certification: Endorsed by Crypto Halal Certification and ZICO Holdings, ensuring adherence to Islamic standards.
Impact on the Islamic Finance Sector
The Islamic finance sector, estimated at $2.3 trillion, serves approximately 1.9 billion people worldwide. Bybit's entry into this sector is poised to contribute to its growth, particularly in the Middle East, Africa, and South Asia regions. The exchange aims to provide Muslim traders with a reliable platform for engaging in the digital asset market.
Bybit's Commitment to Inclusivity
Bybit demonstrates its commitment to diversity and inclusivity with the launch of its Islamic Account. By offering a Shariah-compliant trading environment, Bybit aims to eliminate barriers and create new opportunities for Muslim traders globally.
About Bybit
Established in 2018, Bybit serves over 40 million users with a professional trading platform, a fast matching engine, and round-the-clock customer support. As a partner of the Oracle Red Bull Racing team, Bybit continues to expand its influence in the cryptocurrency arena.
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