Mubasher: Global crypto exchange Bybit announced the grand opening of its global headquarters (HQ) in Dubai, according to a press release.

The blockchain platform also plans to increase its global presence with a stronger foothold in the MENA region, on the heels of a 50% surge in its user base. Bybit is considered the third most visited crypto exchange across the globe with 15 million users worldwide.

The HQ spans 16,000 square feet overlooking Dubai’s iconic landmarks and occupying a full floor at One Central at Dubai World Trade Center.

In 2023, the exchange intends to double its trading volume in MENA, after it registered $33.50 billion worth of trading volume executed in the region during 2022.

The platform seeks to become the world’s Crypto Ark and facilitate the mass adoption of digital assets. It welcomes all partners and affiliates to exchange ideas and diversify the community at the new home. The members will have access to exclusive spaces in addition to services from professional meet-ups to livestreaming facilities.

CEO and Co-Founder of Bybit, Ben Zhou, commented: “We are excited to be part of Dubai’s futuristic skyline and most importantly, to be able to officially call Dubai home.”

Zhou noted: “The digital economy is advancing at incredible speed and crypto and blockchain technology will be the mainstay and the connective tissues. As one of the most progressive digital assets hubs in MENA and the world, Dubai is optimally positioned to capture the opportunities in the sector by bringing together state-of-the-art tech and infrastructure, international talent and vision.”

He further added: “The new office will be an innovative hub for dreamers and creators to exchange ideas and unlock next level opportunities of Web3.”