The account provides Shariah-compliant trading products for Muslim traders in the digital asset market
Cryptocurrency exchange Bybit has launched its Islamic account. This initiative marks a significant step toward accessible and compliant crypto trading under Islamic law, according to a statement.
The Islamic account features a range of Shariah-compliant trading products, providing an inclusive platform for Muslim traders in the digital asset market. Developed with ZICO Shariah Advisory Services and CryptoHalal, the account ensures strict adherence to Islamic finance principles.
Read more: Crypto exchange Bybit secures provisional approval from Dubai’s regulator VARA
Key features
- Global accessibility: Available to all users, except in regions with legal restrictions.
- Shariah-compliant offerings: Initial products include spot trading (with 75 compliant tokens), a DCA trading bot, and a Spot Grid Bot.
- Double Shariah certification: Certified by Crypto Halal and ZICO Holdings, ensuring the highest standards of compliance.
With nearly 1.9 billion people in the Islamic economy and the sector valued at approximately $2.3 trillion, Bybit is well-positioned to tap into this growing market, offering Muslim traders a reliable trading solution.
Bybit’s Islamic account reflects its commitment to diversity and inclusivity, breaking down barriers and creating new opportunities for Muslim traders worldwide.
Last week, Bybit received Provisional (Non-Operational) Approval for a Virtual Asset Service Provider (VASP) license in Dubai, allowing it to offer Virtual Asset Exchange services to retail, qualified investors, and institutional users.
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