Bybit Launches AED Trading Pairs to Enable Direct Crypto Trading in UAE Dirhams
The new feature enables eligible users to trade in AED without first converting their funds into another currency, simplifying access to digital asset markets and providing a more localized trading experience.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of AED trading pairs, allowing users to trade supported digital assets directly using AED balances deposited through local UAE bank accounts.
The new feature enables eligible users to trade in AED without first converting their funds into another currency, simplifying access to digital asset markets and providing a more localized trading experience. With this update, AED balances deposited through UAE bank transfers can be used immediately for trading on the platform.
At launch, the AED trading pairs available on Bybit include USDT/AED, BTC/AED, ETH/AED, and SOL/AED. These pairs allow users to buy and sell popular digital assets directly using the UAE dirham. The company noted that restrictions and eligibility requirements apply for users who wish to access the service.
The introduction of AED trading pairs reflects a broader trend across the cryptocurrency industry to integrate local currencies into digital asset platforms. By enabling direct trading in AED, Bybit aims to reduce the friction typically associated with currency conversions while aligning its services with the needs of users in the United Arab Emirates.
The development also supports the growing demand for regulated, transparent, and locally integrated financial infrastructure as digital assets continue to gain a stronger foothold in the global financial ecosystem.
To support the new trading pairs, Bybit has introduced local UAE bank transfer functionality, allowing eligible users to fund their accounts directly from domestic bank accounts. Once deposits are credited, the AED balances can be used immediately to trade supported spot pairs, improving efficiency and accessibility for users.
The integration of local banking rails with digital asset trading reflects the ongoing convergence between traditional financial systems and digital finance, particularly in markets with clear regulatory frameworks and strong 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.”
– Derek Dai, Regional Head of MENA, Bybit
The United Arab Emirates has emerged as a global leader in cryptocurrency adoption, supported by one of the most advanced digital asset regulatory frameworks worldwide. The launch of AED trading pairs forms part of Bybit’s broader strategy to expand market access and enhance user experience through localized financial services.
To support users adopting the new feature, Bybit has also made available a dedicated guide explaining how to deposit AED through local UAE banks, along with a detailed step-by-step resource outlining how AED spot trading works on the platform.
