{"id":96149,"date":"2024-09-25T00:00:00","date_gmt":"2024-09-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/bybit-launches-worlds-first-islamic-crypto-trading-platform\/"},"modified":"2024-09-25T00:00:00","modified_gmt":"2024-09-25T00:00:00","slug":"bybit-launches-worlds-first-islamic-crypto-trading-platform","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/25\/bybit-launches-worlds-first-islamic-crypto-trading-platform\/","title":{"rendered":"Bybit launches world\u2019s first Islamic crypto trading platform"},"content":{"rendered":"

New Islamic crypto in town:<\/strong> Bybit<\/a>, the world's second-largest cryptocurrency exchange by trading volume, is now offering Shariah-compliant accounts, certified by both Crypto Halal<\/a> and Zico Holdings<\/a>, according to a statement (pdf)<\/a>. The global crypto exchange claims it is the first to offer a Shariah-compliant service for Muslim traders.<\/p>\n

The details: <\/strong>The new Islamic accounts will allow spot trading with up to 75 Shariah-compliant tokens, and will include a trading bot, and a Spot Grid Bot \u2014 all compliant with Islamic finance principles. The accounts will be available worldwide, wherever crypto is not restricted. <\/p>\n

The move comes as Bybit looks to tap into the Islamic finance sector<\/strong>, focusing on the Middle East, Africa, and South Asia regions. <\/p>\n

REMEMBER- Bybit is inching closer to getting a full operational license in Dubai.<\/strong> The crypto player \u2014 which established its global headquarters in Dubai in 2022 \u2014 secured provisional approval for a Virtual Asset Service Provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority earlier this month<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Islamic account includes spot trading with up to 75 Shariah-compliant tokens<\/p>\n","protected":false},"author":1,"featured_media":96150,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1558],"tags":[1754,107,7,482],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-bybit","tag-crypto","tag-enterpriseam-uae","tag-islamic-finance","wpautop","entry"],"acf":{"mongo_id":"6213f410-6857-46ae-8f29-de24344db094","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1848.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bybit launches world\u2019s first Islamic crypto trading platform","related_issue":[96137],"teaser":"The Islamic account includes spot trading with up to 75 Shariah-compliant tokens","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.3a6e17d0-4d22-457b-ba88-92a57bd12871.mp3"},"yoast_head":"\nBybit launches world\u2019s first Islamic crypto trading platform - 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