Bybit announced on Wednesday the launch of AED trading pairs, allowing users to trade supported digital assets directly using AED balances deposited via local UAE bank accounts.
The new offering enables eligible users to trade in AED directly without first converting funds into another currency, simplifying access to digital asset markets through a more localized and seamless experience.
With this update, AED balances deposited through UAE bank transfers can be used instantly for trading on Bybit.
Bybit meets demand for locally integrated financial infrastructure
At launch, the following AED trading pairs will be available:
- USDT/AED
- BTC/AED
- ETH/AED
- SOL/AED
The introduction of AED trading pairs reflects a broader industry trend toward integrating local currencies into digital asset platforms. By enabling direct trading in AED, Bybit reduces friction associated with currency conversions and aligns more closely with the needs of users in the UAE.
This development also supports the growing demand for regulated, transparent and locally integrated financial infrastructure, as digital assets continue to mature as part of the global financial ecosystem.
“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 at Bybit.
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Traditional financial systems and digital finance converge
Bybit’s AED trading pairs are supported by local UAE bank transfer functionality. The new and compliant on-ramp channel will allow eligible users to fund their accounts directly from their domestic bank accounts. Once credited, AED balances can be used immediately to trade supported spot pairs, improving efficiency and accessibility.
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.
Boasting one of the most sophisticated and comprehensive digital asset regulatory frameworks in the world, the UAE is a leader in crypto adoption both regionally and globally. The launch of AED trading pairs is part of Bybit’s continued efforts to broaden market access and enhance user experience through localized offerings.
