Dubai, United Arab Emirates, September 24, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Islamic Account, making it the first global cryptocurrency exchange to offer this service to Muslim traders around the world. This initiative represents a major step towards providing accessible and Islamic-compliant cryptocurrency trading.
Bybit’s Islamic account offers a comprehensive suite of Sharia-compliant trading products, providing Muslim traders with an inclusive platform to participate in the digital asset market. Developed in consultation with ZICO Shariah Advisory Services Sdn. Bhd. (ZICO Shariah) and CryptoHalal to ensure compliance with Sharia principles, the account ensures that all products strictly adhere to Islamic financial principles.
Bybit Islamic Account Key Features:
- Global Accessibility: Available to all users, regardless of region, except in countries with legal restrictions.
- Sharia Compliant Product Offerings: Initial offerings include Spot Trading (limited to 75 Sharia Compliant Tokens), DCA Trading Bot, and Spot Grid Bot.
- Double Shariah Certification: Crypto Halal certification, along with ZICO Holdings' official Shariah certification, ensures that all products meet the highest standards of Islamic law.
The Islamic economy benefits approximately 1.9 billion people worldwide, and the Islamic finance sector is currently estimated to be worth $2.3 trillion. The Middle East, Africa, and South Asia (MEASA) region is expected to contribute to the further expansion of the sector. By offering a Sharia-compliant trading platform, Bybit is entering the sector in the hopes of providing Muslim traders with a reliable and trustworthy solution.
“We are delighted to introduce our Islamic account, which represents a major milestone in our commitment to providing inclusive and accessible trading solutions,” said Joan Han, Head of Sales and Marketing at Bybit. “By partnering with Crypto Halal and ZICO Holdings, we have ensured that our offerings align with the principles of Islamic finance, enabling Muslim traders to participate in the growing cryptocurrency market.”.”
Bybit’s Islamic account is a testament to the platform’s dedication to diversity and inclusion. By offering a Sharia-compliant trading environment, Bybit is breaking down barriers and aiming to create new opportunities for Muslim traders around the world.
#Bybit / #ElArcoCrypto
About BybitBybit is the world's second-largest cryptocurrency exchange platform by trading volume, serving over 40 million users. Founded in 2018, Bybit offers a professional platform where cryptocurrency investors and traders can find a fast search engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula One constructors' and drivers' champions – the Oracle (NYSE:) Red Bull Racing Team. For more details about Bybit, readers are welcome to visit Bybit Press. For media inquiries, readers are welcome to contact: [email protected] more information, readers are welcome to visit: Updates, readers are welcome to follow: Bybit Communities & Social MediaContactHead of Public RelationsTony AuBy bit[email protected]
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