Dubai, United Arab Emirates, September 24th, 2024, Chainwire
As the world's premier investment manager and financial market journalist, I am thrilled to report that Bybit, the world's second-largest cryptocurrency exchange, has just unveiled its groundbreaking Islamic Account, setting a new standard in the crypto industry. This unprecedented move makes Bybit the first global exchange to cater specifically to Muslim traders by offering a Shariah-compliant trading platform.
Bybit's Islamic Account is a game-changer in the digital asset market, providing unprecedented accessibility and compliance with Islamic law. Developed in collaboration with ZICO Shariah Advisory Services Sdn. Bhd. and CryptoHalal, this account offers a wide range of Shariah-compliant trading products to empower Muslim traders worldwide.
Key Features of Bybit's Islamic Account:
- Global Accessibility: Open to all users globally, except in restricted regions.
- Shariah-Compliant Products: Includes spot trading, DCA trading bot, and Spot Grid Bot, limited to 75 Shariah-compliant tokens.
- Double Shariah Certification: Certified by Crypto Halal and ZICO Holdings to ensure compliance with Islamic finance principles.
The Islamic economy, serving 1.9 billion people worldwide, has an estimated worth of $2.3 trillion. Bybit's entry into this sector is poised to drive further growth, particularly in the Middle East, Africa, and South Asia regions. By providing a Shariah-compliant platform, Bybit aims to become the go-to solution for Muslim traders seeking a reliable and trusted trading environment.
"We are excited to introduce Bybit's Islamic Account, a testament to our commitment to inclusivity in the cryptocurrency market," said Joan Han, Sales & Marketing Director at Bybit. "Partnering with Crypto Halal and ZICO Holdings ensures that our offerings align with Islamic finance principles, allowing Muslim traders to participate with confidence in the crypto market."
Bybit's Islamic Account underscores the exchange's dedication to diversity and inclusivity, breaking down barriers for Muslim traders globally and creating new opportunities in the crypto space.
#Bybit #TheCryptoArk
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Analysis:
Bybit's launch of the Islamic Account marks a significant milestone in the cryptocurrency industry, offering Muslim traders a Shariah-compliant platform to engage in digital asset trading. With the global Islamic economy valued at $2.3 trillion and serving nearly 2 billion people, this move by Bybit opens up new opportunities for Muslim traders worldwide. Bybit's commitment to inclusivity and compliance with Islamic finance principles sets a new standard in the market, catering to the needs of a diverse global audience and driving further growth in the crypto sector.