Bybit Secures Full License to Operate in Kazakhstan

Bybit Receives AFSA License

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has achieved a significant milestone by obtaining a full license from the Astana Financial Service Authority (AFSA) in Kazakhstan. This authorization allows Bybit to operate as a fully licensed market institution, marking a pivotal step in its global expansion strategy.

Comprehensive Services in Kazakhstan

With this full license, Bybit Kazakhstan is poised to offer a wide range of services. These include operating a digital asset trading facility, providing custody services, dealing in investments both as an agent and principal, and managing investments. This development opens numerous opportunities for users in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.

Cutting-Edge Technology for Crypto Traders

Bybit is committed to delivering cutting-edge technology, security, and transparency to crypto traders in Kazakhstan. The fully regulated platform will provide various products, including spot and derivatives trading, margin trading, and crypto loans. The launch of the Bybit Kazakhstan website, scheduled for mid-October 2024, aligns with Bybit’s mission to offer reliable and transparent services tailored to the unique needs of crypto traders and investors in the region.

Commitment to Innovation and Growth

This new chapter for Bybit in Kazakhstan solidifies the company's dedication to fostering innovation and growth within the global cryptocurrency landscape. Bybit aims to build strong relationships with traders in Kazakhstan and across the CIS region, empowering them to navigate the dynamic world of digital assets confidently. With enhanced services meeting the highest standards of compliance and security, Bybit is set to strengthen its presence and influence in the crypto market.

About Bybit

Established in 2018, Bybit serves over 50 million users worldwide, offering an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit's partnership with Formula One’s champions, the Oracle Red Bull Racing team, highlights its prominence in the industry. For further details, users can visit Bybit's website or follow their social media channels.