KEY TAKEAWAYS
- Bybit launches direct AED bank deposit and withdrawal services in the UAE, enhancing user access to digital assets.
- The service allows real-time AED transfers through local banks, ensuring compliance with regulatory standards.
- Bybit offers zero fees on AED deposits until February 28, 2026, with a prize pool of up to 750,000 AED for eligible users.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of direct AED bank deposit and withdrawal services for users in the United Arab Emirates. This initiative marks a significant step in Bybit’s regional expansion under the oversight of the Capital Market Authority (CMA).
The new service allows eligible users to seamlessly deposit and withdraw AED directly from any local bank account through secure bank transfers. This move simplifies the on-ramp experience and enhances access to Bybit’s digital asset offerings.
Streamlined Local Banking Integration
Bybit has partnered with a local banking provider to support real-time AED transfers for eligible users. The service is available on both the Bybit website and mobile app, with most transfers processed in real time. However, some transactions may take up to five business days.
To utilize AED deposits and withdrawals, users must use a personal UAE bank account registered under the same name as their verified Bybit account. This requirement ensures compliance with regulatory standards and protects users from transaction delays or rejections.
Regulated and First-in-Market Offering
Bybit’s introduction of direct bank deposits of AED represents a significant advancement in making digital assets more accessible to UAE users. Derek Dai, Regional Head of MENA at Bybit, emphasized the company’s commitment to regulatory compliance and trust-building within the UAE’s dynamic digital asset ecosystem.
This development highlights Bybit’s dedication to providing localized solutions in one of the world’s most crypto-forward markets. The UAE ranks No. 1 in the region and No. 5 globally in the World Crypto Rankings 2025 by Bybit and DL Research.
Limited Time Offer: Zero Fees
To celebrate the new on- and off-ramp channel, Bybit has introduced a prize pool of up to 750,000 AED. Until February 28, 2026, eligible users can enjoy zero fees on AED deposits via a local banking provider.
The event is open to new users who register under the CMA license and complete Level 1 Identity Verification or Business Verification. Participants may earn up to 200 AED by making an initial deposit of 400 AED via bank transfer, with additional rewards available for completing tasks such as crypto purchases, trading, and referrals.
For more information about the promotion, users can visit here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit’s launch of AED bank deposit services in the UAE represents a strategic expansion into one of the world’s leading crypto markets, enhancing access to digital assets for local users.
Recent industry reports indicate that the UAE is among the top 10 countries globally for cryptocurrency adoption, driven by progressive regulations and tax exemptions. This aligns with Bybit’s initiative, which leverages the UAE’s supportive regulatory environment to enhance its service offerings.
As per insights from Derek Dai, Regional Head of MENA at Bybit, the introduction of direct AED bank deposits is a significant step towards making digital assets more accessible to UAE users, emphasizing regulatory compliance. This supports Bybit’s goal of building trust and expanding its footprint in the UAE’s dynamic digital asset ecosystem.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
