Dubai, United Arab Emirates - 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 UAE dirhams deposited through local bank accounts.
The new feature allows eligible users to trade digital assets directly in AED without first converting funds into another currency, streamlining access to crypto markets and offering a more localized trading experience. AED balances deposited via UAE bank transfers can now be used immediately for transactions on the platform.
At launch, the AED trading pairs available on Bybit include USDT/AED, BTC/AED, ETH/AED, and SOL/AED, allowing users to buy and sell leading digital assets directly in UAE dirhams. The company noted that certain restrictions and eligibility requirements apply to users seeking access to the service.
The launch of AED trading pairs reflects a broader industry shift toward integrating local currencies into digital asset platforms. By enabling direct trading in UAE dirhams, Bybit aims to reduce the friction associated with currency conversions while tailoring its services to better meet the needs of users in the United Arab Emirates.
The move also reflects rising demand for regulated, transparent, and locally integrated financial infrastructure as digital assets continue to strengthen their role in the global financial ecosystem.
To support the new trading pairs, Bybit has introduced local UAE bank transfer functionality, enabling eligible users to fund their accounts directly from domestic bank accounts. Once the deposits are credited, AED balances can be used immediately to trade supported spot pairs, enhancing both efficiency and accessibility for users.
The integration of local banking infrastructure with digital asset trading also reflects the growing convergence between traditional financial systems and digital finance, particularly in markets with clear regulatory frameworks and well-developed financial infrastructure.
“Being able to offer AED service to our local users carries significance beyond an improvement in user experience. 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.” said Derek Dai, Regional Head of MENA, Bybit.
The United Arab Emirates has become a global leader in cryptocurrency adoption, supported by one of the world’s most advanced regulatory frameworks for digital assets. The introduction of AED trading pairs is part of Bybit’s broader strategy to expand market access and improve user experience through localized financial services.
To help users adopt the new feature, Bybit has also released a dedicated guide explaining how to deposit AED through local UAE bank transfers, along with a step-by-step resource detailing how AED spot trading operates on the platform.
