Bybit, the fourth-largest digital asset trading platform by spot volume, has launched the first Islamic crypto account. This is a significant step, allowing investors who follow Shariah law to trade in the crypto market without violating their faith.
Bybit’s New Service
Bybit announced the launch of a new Islamic account compliant with Shariah principles. The announcement was made via a post on X (formerly Twitter), where Ben Zhou, co-founder and CEO of Bybit, confirmed the introduction of the new service.
Shariah Compliance
The new service enables Shariah followers to trade cryptocurrencies without violating their religious beliefs. Bybit consulted with ZICO Shariah to ensure the service's compliance with Islamic law.
Initial Offerings
Initially, Bybit will provide around 75 cryptocurrencies that comply with Shariah law. The offerings also include DCA trading bots and Spot Grid Bots.
The launch of the first Islamic crypto account on Bybit opens new opportunities for investors adhering to Shariah law and highlights the importance of adapting crypto platforms to diverse religious and cultural norms.
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