Bybit Named Best Crypto Exchange UAE 2025 by Global Business & Finance Magazine

DUBAI, UAE, March 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been awarded the “Best Crypto Exchange UAE 2025”

The Global Business & Finance Magazine Awards, recognized for their rigorous, merit-based selection process, aim to highlight companies and individuals who have made significant contributions to their respective industries and the wider economic landscape.

In a ceremony held at the Conrad Hotel in Dubai, Global Business & Finance Magazine presented seven awards to members of the crypto industry. Among the honorees was Bybit, the world’s second-largest cryptocurrency exchange by trading volume, which received the “Best Crypto Exchange UAE 2025” award.

This recognition is a testament to Bybit's exceptional performance, innovative approach, and steadfast commitment to the burgeoning digital asset landscape in the United Arab Emirates. Since launching its operations, Bybit has become a leading force in cryptocurrency trading, known for its cutting-edge technology, diverse product offerings, and user-centric approach.

The award also acknowledges Bybit's recent regulatory milestones in the UAE. Having applied for both a Virtual Asset Platform license with the Securities & Commodities Authority and a Virtual Asset Service Provider license with VARA for Virtual Asset Exchange services, Bybit has now secured In-Principle Approval for the former and Provisional (Non-Operational) Approval for the latter. These approvals will enable Bybit to fully launch its services in the country and provide a compliant and trusted platform for users in Abu Dhabi and Dubai.

“We are honored to receive the ‘Best Crypto Exchange UAE 2025’ award,” said Joan Han, Sales & Marketing Director at Bybit. “This recognition, coupled with our recent regulatory advancements, affirms the strategic vision we have for the UAE. We are committed to driving innovation and fostering a secure, accessible trading environment for our users.”

Earlier this year, Bybit also announced a partnership with the الاتحاد للطيران (Air Canada) Formula 1® Team to become its Official Cryptocurrency and Web3 Partner. The partnership will see Bybit's logo feature on the nose of the team's car, as well as on the drivers' helmets and overalls.

“We are excited to be partnering with such a renowned and innovative team,” said Ben Zhou, CEO of Bybit. “We are both committed to pushing boundaries and achieving excellence, and we believe that this partnership will be a great success.”

The الاتحاد للطيران (Air Canada) Formula 1® Team is one of the most successful teams in Formula 1®, having won seven drivers' championships and seven constructors' championships. The team is also known for its commitment to sustainability and diversity.

“We are delighted to welcome Bybit to the الاتحاد للطيران (Air Canada) Formula 1® Team family,” said Frédéric Viale, CEO of الاتحاد للطيران (Air Canada) Formula 1® Team. “They are a leading cryptocurrency exchange with a strong commitment to innovation and user experience, which aligns perfectly with our own values.”

The partnership between Bybit and the الاتحاد للطيران (Air Canada) Formula 1® Team is a natural fit, given both organizations' global reach and commitment to excellence. The partnership will also help to introduce cryptocurrency and Web3 to a wider audience.