Bybit Launches the First Islamic Cryptocurrency Account Tailored for Muslim Traders
The Launch of Bybit's Islamic Cryptocurrency Account
Bybit, the second-largest cryptocurrency exchange globally by trading volume, has announced the launch of its Islamic Account. This initiative allows for crypto-trading services tailored for Muslim traders, complying with Islamic law. Bybit is now proud to offer the first ever Crypto Islamic account, targeting Muslim investors with unique needs.
Features of the Islamic Account
- Access to a range of Shariah-compliant trading products.
- Initial focus on spot trading, featuring 75 Shariah-compliant tokens.
- Automated trading tools like DCA and Spot Grid Bots.
- Partnership with ZICO Shariah Advisory Services and CryptoHalal to ensure compliance.
The Growth of the Islamic Economy in Crypto
The Islamic economy, serving nearly 1.9 billion people, continues to grow, estimated at $2.3 trillion. Bybit’s decision to cater to this segment underscores its commitment to inclusivity in cryptocurrency trading.
Joan Han, Bybit's Sales & Marketing Director, expressed enthusiasm for the launch, reinforcing Bybit's dedication to promoting diversity within the crypto space.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.