Bybit and Bank CenterCredit Open Fiat Channel for Cryptocurrency Transactions in Kazakhstan

With the help of the new solution, users will be able to quickly and securely top up their accounts on the Bybit Kazakhstan platform, as well as withdraw funds back to their bank accounts at Bank CenterCredit. An important advantage of this integration is full compliance with local legislation and a high level of transparency in financial transactions.

The initiative is being implemented as part of the desire of both organizations to contribute to the development of the fintech sector in the country. Bank CenterCredit, known for its fintech initiatives and strong reputation among clients, has become a trusted partner for Bybit in creating localized products for the Kazakhstan market. This collaboration is expected to further expand Bybit's presence in the region.

As Michelle D., Head of Regulated Markets at Bybit, emphasized, the company's main goal is to create safe and convenient conditions for accessing digital assets in Kazakhstan. According to her, joining forces with Bank CenterCredit allows us to significantly reduce the distance between the traditional banking sector and the cryptocurrency industry. This is especially relevant in the context of growing interest in blockchain technologies and digital finance in the country.

The launch of a new fiat channel highlights the importance of localization and a customer-oriented approach in the work of Bybit Kazakhstan. Thanks to the current AFSA license and active work with local financial institutions, the platform strives to offer solutions that meet both international standards and the specifics of the Kazakhstan market. This project will be another step in the development of modern fintech infrastructure in Kazakhstan and will strengthen Bybit's position in the region.