Crypto.com, Bybit to set up shop in Dubai

[{"selector":"#anim-e993c556-d9f5-45ca-a1f4-58bf4e0d6ef3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.817772522442571%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-b1128f2e-9e72-4ef4-880a-78e583d385d4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1843267c-79ff-4b57-ae0b-e9b8a7e3f25e","keyframes":{"transform":["translate3d(0px, 134.14751%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Crypto.com and Bybit announced plans to set up offices in Dubai at the World Government Summit on March 28th

[{"selector":"#anim-0fc4b7bb-2813-4194-9d6d-1e67f87cf663 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-50ef8485-1c68-4b59-be35-d601caf8d341","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5aefc2f-fcbb-4960-8193-fb7fc30ea458","keyframes":{"transform":["translate3d(-107.5%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The two companies collectively boast roughly 15 million users and billions in trading volume processed

[{"selector":"#anim-96c41ceb-a6ca-4a98-a847-60fff9a71871 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ca8a0fa2-0d11-4097-92dc-54f1b4816234","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c8a9023b-96fd-44b0-b463-e9aa5d0630de","keyframes":{"transform":["translate3d(-107.5%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Crypto.com and Bybit have been marketing aggressively in recent months and are now following it up with expansion across the globe.

[{"selector":"#anim-ba2d6532-2538-41c4-99f5-69fb22bdd702 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6872f5c1-91ad-4957-a5f0-4a33a995af33","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a8a48bb8-c8e5-497f-a3da-025405c7be63","keyframes":{"transform":["translate3d(-107.5%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Dubai is trying to position itself as a global hub for the emerging crypto industry and recently launched a new virtual assets regulatory authority

[{"selector":"#anim-a298fc94-1380-4161-90ee-e484966102b6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6b25d1a9-672f-4ef2-b368-e4cbe826a995","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cad37e0-71f2-444f-9c25-12bbe6b07421","keyframes":{"transform":["translate3d(-108.61111%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It is also engaged in formulating a comprehensive legal and regulatory framework for virtual assets

[{"selector":"#anim-35ea9484-925d-418a-b8ce-84f129a2630e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(42.13117067967497%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-c6a618af-c3e0-4f70-8c60-45b6b7e74a20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a7ffe1d-0bdd-4fd5-9f10-5510ecbe61c4","keyframes":{"transform":["translate3d(-109.16667%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Crypto.com will open a new regional headquarters in the Emirate, and employ roughly 100 to 200 staff, including engineers

[{"selector":"#anim-e073c6c9-ec55-4abb-9b6f-1ec3a699d7ee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.820694674127539%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-887c7397-0d88-4300-94fa-7b341dbcf85d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b5f7418-6d64-4ca3-828b-8152f8d2490a","keyframes":{"transform":["translate3d(-109.72223%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It is currently in the process of looking for office space. Crypto.com’s COO Eric Anziani said

[{"selector":"#anim-2e9370c3-16f0-4101-a698-e53c9bce8472 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cbdf19a5-d2a8-4738-b6ad-217b85255a20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed939125-e24e-4c7e-a441-3f0833017bb9","keyframes":{"transform":["translate3d(-106.66666%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Bybit said it has received approval to offer a full suite of virtual asset services.

[{"selector":"#anim-dcd32b6e-9580-4464-a432-8cdea5b0b2dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-45.836759868288084%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-694cfdf3-2ff3-4b62-b0d2-c2e2e49a7fb8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-819e770f-2d55-49a7-a727-7ec573d8cdab","keyframes":{"transform":["translate3d(-107.22222%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

A number of the country’s banks and companies are heavily involved in blockchain technology, including government-backed entities and projects.

[{"selector":"#anim-41e55c21-d55e-48c7-829c-f1a3624272fd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.252664752643263%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-68a2c650-3abe-4f4a-bc50-8b91a0bca782","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6459af5-a34a-4926-bda5-375f601f51cf","keyframes":{"transform":["translate3d(-106.66666%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]