The world’s two major cryptocurrency platforms will establish their regional and global head offices in Dubai, it was announced at the World Government Summit on Monday. Global cryptocurrency platform Crypto.com will open its regional head office in Dubai while Singapore-based cryptocurrency exchange business Bybit will shift its global head office to the Emirate.
The company, which boasts 10 million users and 3,000 employees, is currently looking for office space in Dubai and aims to employ around 100 to 200 workers including engineers.
Eric Anziani, COO at Crypto.com, said during a press conference at the World Government Summit on Monday, “We are opening a regional head office for the Middle East and Africa here in Dubai. It is going to be a great addition to run our operations from here because the UAE is diversifying its industries and trying to be bold and create opportunities. We are not here only to gain more market share but to create a broader ecosystem where there are more opportunities for all,”
Ben Zhou, co-founder, and CEO of Bybit, said his company has received in-principle approval to conduct a full spectrum of virtual assets business in Dubai.
