Bybit Kazakhstan and Bank CenterCredit Launch Direct Fiat Channel to Boost Local Crypto Accessibility
ALMATY, Kazakhstan, June 18, 2025 /CNW/ -- Bybit Kazakhstan, the authorized entity of Bybit, the world's second-largest cryptocurrency exchange by trading volume, has officially launched a fiat deposit and withdrawal channel in partnership with Bank CenterCredit, one of the country's leading financial institutions. This initiative marks a major step in building a secure and regulated crypto-fiat channel tailored for local users.
The partnership enables users of Bybit Kazakhstan to deposit and withdraw fiat funds in Kazakhstani tenge (KZT) directly through their bank accounts at Bank CenterCredit, providing a smoother on-ramp and off-ramp to the crypto market via both Bybit Kazakhstan and Bank CenterCredit platforms. The integration was designed to ensure speed, transparency, and full compliance with local regulations.
A Partnership Built for Growth
This collaboration between Bybit Kazakhstan and Bank CenterCredit (BCC) is founded on a shared commitment to advancing digital finance in Kazakhstan. BCC's track record in fintech innovation and strong position within the local banking ecosystem make it an ideal partner for expanding Bybit's local service offering.
Michelle D., Head of Regulated Regions at Bybit, stated: "Our aim is to make digital asset access as straightforward and secure as possible for users in Kazakhstan. Partnering with Bank CenterCredit allows us to bridge the gap between traditional finance and crypto, while operating within a fully regulated framework. This is a meaningful step in supporting Kazakhstan's growing interest in blockchain technology."
Regulated, Local, and User-First
The new fiat channel further positions Bybit Kazakhstan as a key player in the region's evolving fintech landscape. With AFSA licensing in place and local partnerships strengthening, the platform is focused on delivering products that are not only globally competitive but also tailored to the needs of Kazakhstani users.
This launch follows the recent rollout of Bybit Kazakhstan's local platform, signaling the company's long-term commitment to building within the region.
The fiat channel is now live, and users can access it through their Bybit Kazakhstan and Bank CenterCredit accounts. Additional local features and payment integrations are in development, with further announcements expected in the near future.
To explore the regulated offerings by Bybit Kazakhstan, licensed under the financial regulator Astana Financial Services Authority, users may explore Bybit.kz.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
About Bybit Kazakhstan
Bybit Kazakhstan is authorised firm by the financial regulator of the AIFC, AFSA, to conduct the Regulated Activity of Operating a Digital Asset Trading Facility, Providing Custody, Dealing in Investments as Principal, Dealing in Investments as Agent and Managing Investments in relation to Digital Assets under Licence Number AFSA-A-LA-2024-0027. Status of the licence and its validity may be verified at the AFSA website (www.afsa.kz).
This financial promotion is offered to all types of clients: retail, accredited and professional investors. Please note that investment in digital assets involves the risk of the possibility of partial and/ or full loss of investment capital.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
2 days ago
- Cision Canada
Bybit Kazakhstan and Bank CenterCredit Launch Direct Fiat Channel to Boost Local Crypto Accessibility
ALMATY, Kazakhstan, June 18, 2025 /CNW/ -- Bybit Kazakhstan, the authorized entity of Bybit, the world's second-largest cryptocurrency exchange by trading volume, has officially launched a fiat deposit and withdrawal channel in partnership with Bank CenterCredit, one of the country's leading financial institutions. This initiative marks a major step in building a secure and regulated crypto-fiat channel tailored for local users. The partnership enables users of Bybit Kazakhstan to deposit and withdraw fiat funds in Kazakhstani tenge (KZT) directly through their bank accounts at Bank CenterCredit, providing a smoother on-ramp and off-ramp to the crypto market via both Bybit Kazakhstan and Bank CenterCredit platforms. The integration was designed to ensure speed, transparency, and full compliance with local regulations. A Partnership Built for Growth This collaboration between Bybit Kazakhstan and Bank CenterCredit (BCC) is founded on a shared commitment to advancing digital finance in Kazakhstan. BCC's track record in fintech innovation and strong position within the local banking ecosystem make it an ideal partner for expanding Bybit's local service offering. Michelle D., Head of Regulated Regions at Bybit, stated: "Our aim is to make digital asset access as straightforward and secure as possible for users in Kazakhstan. Partnering with Bank CenterCredit allows us to bridge the gap between traditional finance and crypto, while operating within a fully regulated framework. This is a meaningful step in supporting Kazakhstan's growing interest in blockchain technology." Regulated, Local, and User-First The new fiat channel further positions Bybit Kazakhstan as a key player in the region's evolving fintech landscape. With AFSA licensing in place and local partnerships strengthening, the platform is focused on delivering products that are not only globally competitive but also tailored to the needs of Kazakhstani users. This launch follows the recent rollout of Bybit Kazakhstan's local platform, signaling the company's long-term commitment to building within the region. The fiat channel is now live, and users can access it through their Bybit Kazakhstan and Bank CenterCredit accounts. Additional local features and payment integrations are in development, with further announcements expected in the near future. To explore the regulated offerings by Bybit Kazakhstan, licensed under the financial regulator Astana Financial Services Authority, users may explore #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at About Bybit Kazakhstan Bybit Kazakhstan is authorised firm by the financial regulator of the AIFC, AFSA, to conduct the Regulated Activity of Operating a Digital Asset Trading Facility, Providing Custody, Dealing in Investments as Principal, Dealing in Investments as Agent and Managing Investments in relation to Digital Assets under Licence Number AFSA-A-LA-2024-0027. Status of the licence and its validity may be verified at the AFSA website ( This financial promotion is offered to all types of clients: retail, accredited and professional investors. Please note that investment in digital assets involves the risk of the possibility of partial and/ or full loss of investment capital.
Cision Canada
3 days ago
- Cision Canada
Bybit Joins Nansen Points Program as Its First Exchange Partner
DUBAI, UAE, June 17, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is proud to announce its role as the first official exchange partner in Nansen Points, a newly launched loyalty initiative by Nansen designed to reward deep engagement for users in the Nansen ecosystem. The more users subscribe or stake with Nansen, the more points they accumulate, unlocking new perks and rewards on the platform and its partner ecosystem. This strategic partnership brings together Bybit's institutional-grade trading infrastructure with Nansen's industry-leading onchain intelligence platform—creating a powerful fusion of execution and insight for elite traders. To mark this milestone, Bybit invites its VIP community to participate in Unlock Supreme VIP, a limited-time event offering up to 88,000 USDT in rewards and three-month access to Nansen Professional, the go-to analytics suite for crypto-native investors. Nansen Points unlocks a new path to rewards for Bybit users and Nansen subscribers alike. Navigating the digital asset space today requires both diligence and agility. With expanding retail and institutional interest in crypto, the sector is growing in both size and complexity. Fusing Bybit's best-in-class trading infrastructure and Nansen's analytical prowess, the partnership raises the bar for professional trading. For Bybit VIPs, Nansen's advanced solutions provide the depth and sophistication trading pros can rely on. To celebrate the partnership, they stand to enjoy perks on both platforms through Nansen Points and the Bybit VIP-exclusive event: from now until July 16, 2025, eligible Bybit users may register for the event and simply start trading to earn USDT bonuses. In addition to rewards for reaching trading volume milestones, the top-performing traders will get to claim Nansen subscriptions including the Nansen Professional suite, valued at $3,897 for three months. Whatever their trading styles, Bybit VIPs have the opportunity to win big and explore the crypto landscape with Nansen. Participants may trade Spot and level up on the rewards ladder to earn up to 28,000 USDT in coupons, or strategize with Derivatives to take home up to 60,000 USDT in bonuses. "Bybit is committed to elevating the experience of our most sophisticated traders. We're thrilled to partner with Nansen to deliver not just rewards—but real, professional-grade advantages that matter," said Ben Zhou, co-founder and CEO of Bybit. "We believe the best loyalty programs reward genuine participation, not quick clicks. Nansen Points is built around that principle—each season brings new rewards and perks for users who subscribe, stake, and refer others into the Nansen ecosystem. We're not chasing short-term hype. Instead, we're focused on building a program that evolves across multiple seasons, alongside the people who are truly invested in what we're creating," stated Alex Svanevik, CEO of Nansen. The Unlock Supreme VIP offer is an example of what takes users' Bybit experience from good to great. With Bybit's VIP program, users can enjoy a wide array of advantages, exclusive access, and other premium benefits including trading privileges and offline events. Terms and conditions apply, with rewards distributed on a first-come, first-served basis. To find out more and sign up for the event, users may visit: Bybit - Unlock Supreme VIP, or contact their Bybit Relationship Manager. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at About Nansen Nansen is the leading onchain analytics platform, delivering real-time onchain intelligence to traders, investors, and builders. Through AI-powered tools and surfacing actionable insights, Nansen empowers users to navigate crypto markets with confidence, enabling onchain discovery, due diligence, and defense.
Cision Canada
4 days ago
- Cision Canada
Bybit & Block Scholes: ETH-BTC volatility hits five-year high as ETH plays catch-up
DUBAI, UAE, June 17, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, released a new options volatility report in collaboration with Block Scholes. The report shows a historic volatility divergence between Ethereum (ETH) and Bitcoin (BTC) during May 2025. Key Highlights: In May 2025, ETH options exhibited historically high volatility premiums over BTC, driven by ETH's elevated realized volatility during a major price rally. The ETH-to-BTC implied volatility ratio for short-dated options surged past 2x — reaching a nearly five-year high. BTC's realized volatility fell below a long-standing 35% floor, breaking a 19-month trend. ETH's volatility term structure showed persistent inversion, with shorter-dated options pricing higher volatility than longer-dated ones. The implied volatility divergence coincided with ETH's outperformance, which included a 23% intraday rally amid key market events. ETH-to-BTC Implied Volatility Expands to Five-Year High In May 2025, a notable dislocation in implied volatility emerged between ETH and BTC options. Implied volatility reflects market expectations for future price movement over an option's lifespan. At the start of the month, the ETH-to-BTC implied volatility ratio for 7-day options hovered around 1.5 — indicating that ETH options were priced with 50% higher expected volatility than BTC options. By May 16, the ratio climbed above 2x, reaching a peak not seen since 2020, as BTC's implied volatility declined to its lowest levels since October 2023. This drop in BTC volatility broke below the 35% floor that had held for over 19 months, while ETH's short-tenor implied volatility remained elevated, though slightly below its May 10 high. The volatility spread was particularly pronounced in the 30-day tenor, reaching its widest point since mid-2022. Realized Volatility Trends Underscore the Divergence The sharp divergence in implied volatility was reinforced by trends in realized volatility — a measure of actual historical price movement. In May, ETH's realized volatility significantly outpaced BTC's across various tenors, fueling expectations for continued dispersion between the two assets. On May 15, the 7-day realized volatility ratio between ETH and BTC peaked, closely followed by the implied volatility ratio — suggesting market participants expected ETH's higher volatility to persist. This trend is not new: the ETH-BTC volatility ratio has been climbing steadily since July 2024, amid both bull runs and periods of market stress. ETH's standout performance in May was catalyzed by several factors, including positive US-UK trade news. ETH surged more than 23% on May 8 alone and continued to outperform BTC, which gained approximately 10% during the same period. Despite this momentum, ETH remained over 50% below its January 2025 peak and its all-time high. #Bybit / #TheCryptoArk / #BybitReport About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
