Crypto exchange Bybit has confirmed its market entry in Kazakhstan after being granted full authorisation by the country’s Astana Financial Service Authority (AFSA).
The clearance enables Bybit to come closer to becoming a fully regulated Digital Asset Trading Facility (DATF). Bybit Kazakhstan passed a full AML check, business conduct audit and detailed compliance inspections.
This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
Ben Zhou, Co-Founder and CEO of Bybit, said: “Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market.
“We are committed to bringing our cutting-edge technology, security and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full licence is in place, Bybit Kazakhstan will offer various digital assets, related products and services. The expansion into Kazakhstan aligns with Bybit’s aim to provide reliable and transparent services.
By securing this consent to the full authorisation, Bybit is poised to enhance crypto adoption in the country, provide institutional-grade security and offer advanced trading features to its growing regional user base.
