Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched AED trading pairs, enabling users to trade supported digital assets directly using AED balances deposited via local UAE bank accounts. The move allows eligible users to trade in AED directly without first converting funds into another currency, simplifying access to digital asset markets through a more localized and seamless experience. With this update, AED balances deposited through UAE bank transfers can be used instantly for trading on Bybit. At launch, the following AED trading pairs will be available: USDT-AED, BTC-AED, ETH-AED, SOL-AED.
Restrictions and eligibility requirements apply. This move reflects a broader industry shift toward local currencies on digital asset platforms, reducing friction from currency conversions and supporting regulated, transparent infrastructure in the UAE.
“Being able to offer AED service to our local users carries significance beyond an improvement in user experience,” said Derek Dai, Regional Head of MENA at Bybit. “As regional demand for digital asset services grows, local currency on-ramp, off-ramp, and trading play an increasingly important role in supporting responsible market participation.”
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