Dubai, UAE: Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Islamic Account, becoming the first global crypto exchange to offer a Shariah-compliant trading solution. This innovative move marks a significant milestone in the crypto industry, opening new opportunities for Muslim traders worldwide to engage in digital assets while adhering to Islamic law.
Bybit’s Islamic Account has been developed in consultation with ZICO Shariah Advisory Services Sdn. Bhd. (ZICO Shariah) and CryptoHalal, ensuring full compliance with Shariah principles. The account offers a wide range of Shariah-compliant products, providing an inclusive and reliable platform for Muslim traders in the rapidly expanding digital asset market.
Key Features of Bybit’s Islamic Account:
- Global Accessibility: Available to users worldwide, except in countries with legal restrictions.
- Shariah-Compliant Products: Initial offerings include spot trading (limited to 75 Shariah-compliant tokens), DCA trading bot, and Spot Grid Bot.
- Double Shariah Certification: Crypto Halal Certification and official Shariah certification from ZICO Holdings ensure strict adherence to Islamic finance principles.
The Islamic economy, serving nearly 1.9 billion people globally, is witnessing robust growth. The Islamic finance sector is currently valued at $2.3 trillion, with the Middle East, Africa, and South Asia (MEASA) regions at the forefront of its expansion. Bybit’s new Islamic Account positions the exchange as a leading player in this burgeoning market, offering Muslim traders a trusted, Shariah-compliant platform.
Joan Han, Sales & Marketing Director at Bybit, commented on the launch, stating, “We are thrilled to introduce our Islamic Account, a major milestone in our commitment to providing inclusive and accessible trading solutions. By partnering with Crypto Halal and ZICO Holdings, we’ve ensured that our offerings align with the principles of Islamic finance, empowering Muslim traders to participate in the growing cryptocurrency market.”
Bybit’s Islamic Account underscores the exchange’s dedication to diversity and inclusivity, breaking down barriers and offering Muslim traders a new, compliant pathway to participate in the global digital economy.
For further information, please contact: www.bybit.com
