Bybit Expands Crypto Trading in South Africa
Bybit, the UAE-based cryptocurrency exchange, has officially launched its crypto derivative products and a new fiat on-ramp service in South Africa. These services will be provided through Money Doc (Proprietary) Limited, acting as Bybit’s “juristic representative.” Money Doc is an authorized financial services provider and a registered South African company.
Bybit’s on-ramp service allows users to deposit the rand currency (ZAR) via bank transfers. Joshua Yau, the regional manager for Africa, stated that this expansion is a significant milestone for Bybit as it brings access to global leading products to the crypto community in South Africa while complying with regulatory requirements.
Ben Zhou, the founder and CEO of Bybit, sees this move as a testament to the exchange’s commitment to making crypto trading accessible to all.
Hot Take: Bybit Expands Its Reach in South Africa
Bybit’s entry into the South African market through its on-ramp service and crypto derivative products is a positive development for the local crypto community. With the support of Money Doc as its juristic representative, Bybit can offer secure and seamless trading experiences to South African users. This expansion not only demonstrates Bybit’s commitment to compliance but also highlights its goal of providing low-cost access and industry-leading tools to crypto traders worldwide.
By
By
By
By
By
By