, Online Press Release from Qatar and Doha City and Middle East
Filter PR by
Bybit Expands Crypto Trading in South Africa with New Derivatives Products and Fiat On-Ramp Service
DUBAI, UNITED ARAB EMIRATES - Media OutReach - 2 October 2023 - Bybit, the world's third most visited crypto exchange, has announced the official launch of its cryptocurrency derivatives products in South Africa, along with the introduction of a new fiat on-ramp service. Bybit will market this offering in South Africa as the juristic representative of Money Doc (Proprietary) Limited, an authorised financial services provider (FSP no. 52081), registered under South African company number 2019/466808/07.

In addition to the compliant marketing of its offshore derivatives trading products, Bybit is introducing a new fiat on-ramp service for the South African Rand (ZAR). This feature enables users to conveniently deposit Rands via bank transfer (EFT), including the instant transfer option, providing them with effortless and low-cost access to buying and selling cryptocurrencies. This enhancement will greatly allow South African cryptocurrency traders and users to take advantage of Bybit's market-leading liquidity and trading tools in a compliant manner.

Joshua Yau, Bybit's Regional Manager for Africa, expressed enthusiasm about the expansion, stating, 'This marks a significant milestone for Bybit as we bring access to global leading products to the passionate crypto community in South Africa in line with regulatory requirements. This marks an important step in our compliance efforts. We are committed to providing a secure and seamless trading experience, industry-leading trading tools, and low-cost access that empower our users.'

Ben Zhou, Co-founder and CEO of Bybit, shared his thoughts on this strategic move: 'Our expansion into South Africa reaffirms Bybit's mission to make cryptocurrency trading accessible to all and to be compliant with local regulations. We believe in the power of blockchain technology to revolutionize finance, and this expansion represents another step towards achieving that vision.'

Bybit's expansion in South Africa reflects the company's commitment to global accessibility and its dedication to unleashing the full potential of crypto believers, seeking to level-up via Web3 with the next generation tools, support, and opportunities.

'Bybit Fintech FZE markets derivative products in South Africa on behalf of Money Doc (Proprietary) Limited, an authorised financial services provider (FSP no. 52081). Bybit Fintech FZE is a Juristic Representative of Money Doc (Proprietary) Limited.'

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.
For media inquiries, please contact: For more information please visit: For updates, please follow:


Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Tuesday, October 3, 2023  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Email this article Print this article

Share this article with your friends and followers
Back to Media OutReach

Related Stories

Most Viewed Press Release posted in the last 7 days
LG Announces Third-Quarter 2023 Financial Results [14613-Views]
AlUla Expands Global Connectivity as Qatar Airways Launches New Flight to Ancient City [2708-Views]
Qatar Airways to Participate in the Dubai Airshow 2023 [1820-Views]
Paper Moon Doha Welcomes a Taste of Milan with a Brand New Menu [1449-Views]
Qatar Airways Takes the Stage on the First Day of the Dubai Airshow 2023 [1392-Views]
Audi's Triumph at GIMS Qatar 2023 Sets the Stage for a Future of Progress and Performance [991-Views]
Qatar Airways Cargo Relaunches its Mail solution in time for World Post Day [934-Views]
Education Above All (EAA) and Strategic Partners: “An Acceleration of the SDG Commitments Is the Onl... [929-Views]
Doha Festival City Launches the New Edition of Festival Magazine Featuring F1 Sensation Yuki Tsunoda... [902-Views]
Steigenberger Hotel & Residence Doha Named Qatar's Leading Hotel Residence 2023 at the World Travel ... [875-Views]
Driving a Greener Horizon in Qatar: Al Meera joins Earthna as Strategic Partner for Sustainability W... [862-Views]
Qatar Airways Selects SITA to Transform Network Infrastructure [840-Views]
The Visionary Initiative Aims to Nurture Talent and Drive Growth, Ensuring the Company Stays Ahead o... [830-Views]
Doha Festival City Takes a Stand for Cancer Prevention with Qatar Cancer Society and Support [810-Views]
WCM-Q Hosts the Sixth Edition of Lifestyle Medicine Week [809-Views]
Al Meera Launches “National Product Week” and the National Day Campaign "I Love Qatar” that Rew... [734-Views]
Qatar Foundation's Wise Seeks to Revolutionize Education in the AI Age [681-Views]
Ooredoo Group Recognised Among Top 5 Sustainability Leaders in the Technology and Telecom Sector by ... [636-Views]
Hamad International Airport Receives ISO 14001 Environmental Management Systems Certification Extens... [625-Views]
Hospitable St. Petersburg Invites Tourists from the Middle East [616-Views]
RSS Facebook Twitter LinkedDin on Instagram
Top Sections
Top Stories