Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Islamic Account, making it the first global cryptocurrency exchange to offer such a service to Muslim traders worldwide.
Launch of New Product
Bybit has launched the Islamic Account, which offers Shariah-compliant trading products to Muslim traders worldwide. This initiative represents a major step towards providing crypto trading that is both accessible and compliant with Islamic law.
Key Features of the Islamic Account
Bybit’s Islamic Account includes global accessibility, Shariah-compliant product offerings (including spot trading limited to 75 Shariah-compliant tokens), and double Shariah certification from Crypto Halal and ZICO Holdings.
Market Significance
The Islamic economy serves approximately 1.9 billion people worldwide, with the Islamic finance sector currently estimated to be worth $2.3 trillion. Bybit enters this market by offering a Shariah-compliant trading platform, providing Muslim traders with a trusted and reliable solution.
Bybit’s Islamic Account demonstrates the company’s commitment to diversity and inclusivity, creating new opportunities for Muslim traders around the world.
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