Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially launched United Arab Emirates Dirham (AED) trading pairs. This new offering enables eligible users to trade supported digital assets directly using AED balances that have been deposited via local UAE bank accounts.
By allowing users to trade directly in their local currency, the platform aims to eliminate the friction typically associated with converting funds into other fiat currencies or stablecoins prior to entering the market. Once credited through a compliant domestic bank transfer, the AED balances can be utilized instantly on the exchange to improve overall efficiency and accessibility.
Expanding localized financial infrastructure
At launch, the exchange is offering four primary spot trading pairs: USDT/AED, BTC/AED, ETH/AED, and SOL/AED. This integration of local banking rails with digital asset trading reflects an ongoing industry trend toward converging traditional financial systems with digital finance, particularly in markets boasting clear regulatory frameworks.
The UAE is currently recognized as a global and regional leader in cryptocurrency adoption, supported by one of the most sophisticated and comprehensive digital asset regulatory frameworks in the world. Bybit noted that this development supports the growing demand for transparent, regulated, and locally integrated financial infrastructure as the digital asset ecosystem matures.
Strategic regional growth
Derek Dai, regional head of MENA at Bybit, emphasized the broader strategic importance of this localized offering.
“Being able to offer AED service to our local users carries significance beyond an improvement in user experience,” Dai stated. “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. We will continue to expand our products and services within the orbit of compliance here in the UAE.”
While the new on-ramp channel marks a significant step for regional accessibility, Bybit highlighted that specific restrictions and eligibility requirements apply to the service. The AED trading functionality is exclusively available to users registered under the CMA license who joined the platform on or after 19 January 2026. Furthermore, the platform explicitly noted that this specific event is not currently available to residents of Dubai.
