Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Islamic Account, offering Muslim traders a suite of shariah compliant trading products. As per Bybit it is the first global cryptocurrency exchange to offer such a service to Muslim traders worldwide providing them with an inclusive platform to engage in the digital asset market.

Developed in consultation with ZICO Shariah Advisory Services Sdn. Bhd. (ZICO Shariah) and CryptoHalal to ensure compliance with the Shariah principles, the account ensures that all products strictly adhere to Islamic finance principles.

Some of the key features is that it is accessible globally, and includes in its initial offering of 74 Shariah compliant tokens, DCA trading bot, and Spot Grid Bot.

It also offers double Shariah Certification, crypto Halal Certification, along with official Shariah certification from ZICO Holdings, guarantees that all products meet the highest standards of Islamic law.

The Islamic economy, serving nearly 1.9 billion people worldwide, is experiencing rapid growth. The Islamic finance sector is currently estimated to be worth a staggering $2.3 trillion, and the Middle East, Africa, and South Asia (MEASA) region is poised to drive its continued expansion. By offering a Shariah-compliant trading platform, Bybit is tapping into a vast and growing market, providing Muslim traders with a trusted and reliable solution.

“We are thrilled to introduce our Islamic Account, which represents a major milestone in our commitment to providing inclusive and accessible trading solutions,” said Joan Han, Sales & Marketing Director at Bybit. “By partnering with Crypto Halal and ZICO Holdings, we have ensured that our offerings align with the principles of Islamic finance, empowering Muslim traders to participate in the growing cryptocurrency market.”

Bybit recently received its full VASP license in the UAE from Dubai’s Virtual Asset Regulatory Authority.