31 Oct
31Oct

Bybit, the world’s second-largest cryptocurrency exchange, has officially launched bybit.kz, a fully localized platform tailored for the Kazakhstani market. This announcement was made to Finbold, highlighting Bybit’s commitment to meeting the needs of Kazakhstan’s growing crypto community.

Regulatory Compliance and Local Authorization

With full authorization from the Astana Financial Services Authority (AFSA), Bybit is now fully compliant with the regulatory standards set forth by the Central Asian nation. This compliance ensures that Kazakhstani users can engage with the platform safely and confidently.

Tailored Services for the Kazakhstani Market

Bybit Kazakhstan aims to provide an exceptional user experience by bringing its global services specifically designed for the local crypto community. Users can register on bybit.kz using their email addresses and access a variety of trading options, including:

  • Spot Trading: Real-time trading with full liquidity.
  • Derivatives Trading: Including futures and margin trading for leveraged positions.
  • Crypto Loans: Borrowing against crypto holdings without the need to sell.

The launch of bybit.kz is a part of Bybit’s broader mission to make cryptocurrency accessible to the mainstream audience, particularly in the Islamic world. Notably, Bybit recently introduced the first-ever Islamic crypto account, which will also be available to users in Kazakhstan.

Focus on Security and Compliance

User experience and security are paramount for Bybit Kazakhstan. As an AFSA-licensed exchange, the platform adheres to the highest security standards. Bybit utilizes advanced security protocols to protect user data while ensuring compliance with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

“This launch marks a pivotal moment in our expansion efforts, bringing secure and advanced trading solutions to the Kazakhstan crypto community,” said a spokesperson for Bybit. “We are excited to support their growing engagement in the digital asset market.”

Kazakhstan Tenge Gateway

To further enhance user experience, Bybit Kazakhstan is collaborating with local banks to introduce a fiat gateway for the Kazakhstan Tenge (KZT). This integration will allow residents to make direct deposits and withdrawals in their local currency, making transactions more convenient.

Localized Customer Support

Understanding the importance of customer service, Bybit Kazakhstan prioritizes local support by offering assistance in Kazakh, Russian, and English. The support team is fully trained to handle inquiries according to Kazakhstan’s regulatory guidelines, ensuring that users receive the help they need in their preferred language.

Conclusion

The launch of bybit.kz represents a significant milestone for Bybit as it expands its footprint in the Kazakhstani market. By providing a fully localized platform that emphasizes security, compliance, and user experience, Bybit is poised to support the growing crypto community in Kazakhstan and facilitate their engagement in the digital asset space.

October 2024, Cryptoniteuae

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