Bybit Kazakhstan intends to provide a wide variety of services, including managing investments, running a digital asset trading facility, providing custody, and dealing in investments as both an agent and a principal, all with full authorization from AFSA.

Bybit Kazakhstan intends to provide a range of products, including as margin trading, spot and futures trading, and cryptocurrency loans, now that it has obtained the license.

The website for Bybit Kazakhstan, located at bybit.kz, is expected to go live in the middle of October 2024. Bybit's objective to deliver dependable and transparent services that address the particular requirements of cryptocurrency traders and investors in the area is in line with its development into Kazakhstan.

Ben Zhou, co-founder and CEO of Bybit, stated, "We are excited to be expanding our services in such a dynamic market. Kazakhstan has emerged as a key player in the global crypto ecosystem."

"With this complete license, we are dedicated to providing Kazakhstani cryptocurrency traders with our state-of-the-art technology, security, and transparency, making sure they have access to the best resources and services to prosper in this rapidly expanding sector."

The Commonwealth of Independent States (CIS) and users in Kazakhstan will benefit greatly from Bybit's new licensing.

Bybit Kazakhstan stated that, now that the platform is completely regulated, it intends to launch improved services that adhere to the strictest security and compliance guidelines. It said that by making this action, it is reaffirming its dedication to promoting development and innovation in the cryptocurrency industry worldwide.

Bybit is eager to establish trusting connections with traders throughout the CIS, enabling them to confidently traverse the ever-changing landscape of digital assets.