Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched AED trading pairs, letting users trade supported digital assets directly using AED balances deposited through local UAE bank accounts.
Eligible users can now trade in AED without converting funds into another currency first, cutting out an extra step and making it simpler to access digital asset markets. AED balances deposited via UAE bank transfers are available for trading on Bybit straight away.
The available AED trading pairs are: USDT/AED, BTC/AED, ETH/AED, and SOL/AED. The launch follows a broader push across the industry to bring local currencies into digital asset platforms. Trading directly in AED removes the problem of currency conversions and is therefore better for users based in the UAE.
It also addresses growing demand for regulated, transparent financial infrastructure that is locally integrated, as digital assets carve out a more established role in the global financial system.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
Bridging Traditional Banking and Digital Assets
The AED trading pairs are backed by local UAE bank transfer functions, giving users a legal way to fund their accounts directly from domestic banks. Once credited, AED balances can be used immediately across supported spot pairs.
Connecting local banking rails with digital asset trading is the latest sign of traditional finance and digital markets drawing closer together, particularly in regions with clear regulation and solid financial infrastructure.
“Being able to offer AED service to our local users carries significance beyond an improvement in user experience,” said Derek Dai, Regional Head of MENA at Bybit. “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.”
The UAE has built one of the most advanced digital asset regulatory frameworks in the world and remains a leading market for crypto adoption regionally and globally. The AED trading pairs launch is another step in Bybit’s push to improve accessibility in UAE markets.
