Bybit Kazakhstan launches KZT/USDT spot trading, enabling direct access to crypto markets using local currency

Bybit Kazakhstan has recently announced the launch of the KZT/USDT spot trading pair, allowing users to trade directly between Kazakhstani tenge (KZT) and USDT on the spot market. This development marks a significant advancement in the local trading experience as it eliminates the need for intermediate conversion steps that were previously required. Users who fund their accounts in KZT can now seamlessly transition from fiat funding to spot trading without the additional One-Click Buy step.

The introduction of the KZT/USDT pair is expected to enhance pricing efficiency by enabling direct market trading, increase cost-effectiveness by reducing reliance on additional conversion steps, and improve execution speed by shortening the path from deposit to trade. Ablaikhan Aubakir, the Country Manager at Bybit Kazakhstan, emphasized the importance of this launch in making digital asset trading more accessible and relevant for users in Kazakhstan. By enabling direct trading in the local currency, Bybit Kazakhstan aims to simplify how users enter the market and build infrastructure that supports long-term growth in a regulated environment.

The KZT/USDT pair is now live and available to eligible users on Bybit.kz. Interested users can access the KZT/USDT pair on the Bybit.kz platform. It is important to note that the material provided is for informational purposes only, and products and services described may not be available in all jurisdictions. Investors are advised to carefully review applicable terms and assess their individual risk profile before making investment decisions.

Bybit Kazakhstan, operated by Bybit Limited, is an AIFC Participant licensed by AFSA to operate a Digital Asset Trading Facility and provide Money Services in relation to Digital Assets. Bybit Kazakhstan focuses on developing compliant infrastructure to support institutions and enterprises engaging with digital assets in Kazakhstan.

For more information about Bybit Kazakhstan, visit their website at www.bybit.kz. Additionally, the Astana Financial Services Authority (AFSA) serves as the independent regulator of financial services and related activities in the AIFC, aiming to foster a fair, transparent, and efficient financial center aligned with international standards. Learn more about AFSA at www.afsa.kz.

For media inquiries, please contact Tony Au, Head of PR at Bybit, via email at [email protected].

The launch of the KZT/USDT spot trading pair by Bybit Kazakhstan signifies a significant step forward in the digital asset trading landscape in Kazakhstan. This development not only streamlines the trading process for users but also demonstrates Bybit Kazakhstan’s commitment to innovation and accessibility in the digital asset market.