Bybit Is Establishing Its Core Asian Operations in Hong Kong

Bybit Is Establishing Its Core Asian Operations in Hong Kong

Dubai-based crypto exchange Bybit said it is working to establish its core Asian operations in Hong Kong and plans to base part of its research and development and marketing teams there, according to the Wall Street Journal. The exchange, which was founded in 2018, plans to apply for a licence in Hong Kong under proposed rules that come into effect in June.

Bybit ranked fourth among all exchanges in 24-hour trading volume, according to Tokeninsight data. 24-hour trading volume was US$9.3 billion, with derivatives trading accounting for 94.77 per cent of that.

On 20 March it was reported that according to the Hong Kong Financial Services Authority, 80+ Crypto Firms Eyeing Presence in Hong Kong.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Exchanges

Bybit

Policy and Regulation

Related News
CME Group Plans to Launch Bitcoin Spot Trading CME Group Plans to Launch Bitcoin Spot Trading
Tornado Cash Developer Found Guilty of Money Laundering by Dutch Judges Tornado Cash Developer Found Guilty of Money Laundering by Dutch Judges
Ethena Partners with Bybit to Integrate USDe as Collateral Asset For Perpetual Futures Ethena Partners with Bybit to Integrate USDe as Collateral Asset For Perpetual Futures
Bitget reports a 335% Bitcoin Proof of Reserve ratio Amid Market Turbulence Bitget reports a 335% Bitcoin Proof of Reserve ratio Amid Market Turbulence
BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024 BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
Latest News More More
2 Days Ago Binance Calls on Projects to Combat the Low Float and High FDV Trend
5 Days Ago World Largest Settlement System DTCC and Chainlink Completed Fund Tokenization Pilot Program
5 Days Ago Layer 1 Blockchain Sei Introduces New V2 Roadmap
May 16 Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital
May 16 Lending Protocol Sonne Finance Exploited for $20M
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open