Baybit and DMCC extend their partnership to strengthen Dubai’s crypto ecosystem.

Bybit has extended its partnership with DMCC, moving into an advisory role from August 2024. Bybit and DMCC to jointly organize a global hackathon and flagship conference. In the past year, more than 20 startups in Dubai's dynamic crypto ecosystem have been supported by ByBit.

Bybit, the world's second largest cryptocurrency exchange by trading volume, has announced the extension of its strategic partnership with Dubai Multi Commodity Center (DMCC). The partnership has seen significant achievements over the past year and its extension is a new chapter as Bybit moves from a key ecosystem partner to a consulting role.

We are pleased to announce the renewal of @dmcccrypto's partnership with @Bybit_Official, a key ecosystem partner accelerating the development and mass adoption of the #crypto and #Web3 industries. This partnership brings together major events and educational initiatives… pic.twitter.com/AjCJ6DTWY7

— DMCC (@DMCCauthority) July 31, 2024

The extended partnership will run from August 2024 to July 2025 and aims to further strengthen Dubai's position as a global hub for cryptocurrency and Web3 innovation.

Bybit will be DMCC's ecosystem and advisory partner.

Through the new DMCC ecosystem and advisory partnership, Baybit will provide strategic guidance to the DMCC CryptoCenter and its members.

Accepting the new advisory role, Baybit Chief Operating Officer Helen Liu said the company is honored to be the first firm appointed by DMCC for this advisory role and is excited to use their expertise to drive innovation and support growth. Industry in Dubai.

This change demonstrates BiBit's commitment to fostering the growth and development of the region's crypto industry.

Baybit aims to shape the future of Dubai's growing Web3 sector by leveraging its deep industry knowledge.

Bybit and DMCC are planning two major industry events this year to promote Dubai as a leading global crypto hub.

An international hackathon is organized to foster innovation by supporting developers in building Web3 projects. Additionally, the flagship conference will bring together industry experts and key opinion leaders, positioning Dubai as a center of thought leadership in the crypto space.

Over the past year, Baybit has played a vital role in Dubai's crypto ecosystem by actively supporting and mentoring more than 20 startups.

Their initiatives include a $100,000 prize pool hackathon, a masterclass for aspiring entrepreneurs, and a high-profile side event at Token 2049. These efforts have helped many startups establish themselves in Dubai's dynamic crypto landscape.