Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a significant expansion of its services in the United Arab Emirates with the launch of direct AED bank deposits and withdrawals. This move marks a key milestone for the platform’s regional growth and operates under the oversight of the Capital Market Authority (CMA).
Streamlining Crypto Access for UAE Users
The new feature allows eligible users within Bybit’s CMA-licensed framework to transfer UAE Dirhams seamlessly between their local bank accounts and their Bybit accounts. The integration simplifies the on-ramp and off-ramp process for accessing digital assets, removing previous friction points for traders and investors in the country.
Through a strategic partnership with a local banking provider, the service supports real-time AED transfers on both the Bybit website and mobile app. While most transactions are expected to be instant, some may take up to five business days to process. To ensure regulatory compliance and security, users must use a personal UAE bank account registered under the same name as their verified Bybit account.
A Regulated First for the Emirates
By offering the first local crypto onboarding experience under the CMA’s licensing framework, Bybit is positioning itself to meet the growing demand for secure and compliant cryptocurrency services in the UAE. The nation currently ranks first in the region and fifth globally in the 2025 World Crypto Rankings by Bybit and DL Research.
“The introduction of direct bank deposits of AED represents a step forward in making the digital asset class more accessible to UAE users,” said Derek Dai, Regional Head of MENA at Bybit. “Bybit commits to the highest standards of regulatory compliance and trust building within the UAE’s dynamic digital asset ecosystem.”
Boosting Adoption with Zero Fees and Rewards
To celebrate the launch, Bybit has introduced a promotional campaign with a prize pool of up to 750,000 AED. Until February 28, 2026, eligible users can also benefit from zero fees on all AED deposits made through a local bank transfer.
The offer is available to new users who register under the CMA license and complete identity verification. Participants can earn up to 200 AED by making an initial deposit of 400 AED, with over 300 AED in additional rewards available for completing tasks like crypto purchases, trading, and successful referrals.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume. It offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. Bybit provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world.
Source: Zawya
