In a strategic advance reflecting its regional growth ambitions, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has rolled out support for direct deposits and withdrawals in Emirati Dirhams (AED) within the United Arab Emirates. This development, conducted under the regulation and guidance of the UAE Capital Market Authority (CMA), marks a critical enhancement to Bybit’s local user experience by integrating with the UAE’s banking infrastructure.
The new facility enables verified users, registered under Bybit’s CMA licensing framework, to effect deposits and withdrawals directly to and from their personal UAE bank accounts using secure local bank transfers. This integration is designed to facilitate greater ease of access to Bybit’s crypto offerings, streamlining the process of funding accounts and liquidating positions in AED without the need for intermediaries or currency conversion.
Enhanced Real-Time Banking Connectivity
Bybit has established a partnership with a domestic banking provider to enable real-time AED transfers for qualified users. These transfers can be executed through both the Bybit website and mobile application platforms. While many transactions are processed instantly, some may take up to five business days depending on the processing context.
To maintain regulatory compliance and mitigate transaction challenges, eligibility for this service requires users to use a UAE bank account held personally under the exact name as registered on their Bybit account. This protocol ensures a secure and transparent transactional environment that adheres to stringent compliance requirements.
Regulatory Compliance and Market Positioning
Bybit’s introduction of AED direct bank transactions under the CMA license represents the first crypto onboarding experience within this regulated framework. This approach positions Bybit to meet increasing demand among Emirati investors for compliant, accessible cryptocurrency services.
Derek Dai, Regional Head for MENA at Bybit, underscored the significance of the launch: "Introducing direct AED bank deposit capabilities is a meaningful step to enhance accessibility to digital assets for users in the UAE. Our commitment lies firmly with regulatory adherence and cultivating trust in this evolving market."
Bybit’s focused effort on localized innovation reinforces its footprint in one of the fastest-adopting global crypto markets. As ranked in the 2025 World Crypto Rankings by Bybit and DL Research, the UAE holds the top spot within the Middle East and the fifth globally, underscoring robust regional interest.
Promotional Campaign and User Incentives
To commemorate the launch, Bybit has activated a substantial promotional campaign running through February 28, 2026. Within this period, eligible users benefit from zero fees on AED local bank deposits made through the partnered banking provider.
The incentive program features a prize pool up to 750,000 AED. New users registering under the CMA license who complete Level 1 Identity or Business Verification are eligible. Initial deposits of 400 AED or more via bank transfer earn participants up to 200 AED in rewards or a 50% value bonus from the first day.
Further rewards exceeding 300 AED are attainable by engaging in additional platform activities such as cryptocurrency purchases, trading activities, and successful referrals. Terms and conditions apply, with more information available on Bybit’s Marhaba AED promotion page.
Eligibility and Limitations
This offer and the related banking functionalities are exclusive to users onboarded under the CMA license post-January 19, 2026. Importantly, residents of Dubai are excluded from participation. Bybit Virtual Asset Platform Operator L.L.C S.P.C, regulated by the UAE CMA, handles onboarding for newly registered users from all regions except Brazil, India, and the United Kingdom.
About Bybit
Founded in 2018, Bybit has swiftly risen to prominence as a leading cryptocurrency exchange, boasting a global user base exceeding 80 million. Prioritizing Web3 development, the exchange collaborates strategically with prominent blockchain protocols to enhance infrastructure and encourage on-chain innovation. Bybit’s platform is distinguished by secure asset custody, a diverse suite of marketplaces, user-friendly interfaces, and advanced blockchain tools. The firm’s mission centers around bridging traditional finance and decentralized finance, empowering users worldwide to harness the possibilities of Web3 technologies.
Additional information and updates are accessible via Bybit’s official communications channels and support platforms.