Nairobi, Kenya — One of the world’s largest cryptocurrency exchanges, Bybit, is making big moves in Africa—and Kenya is at the center of its expansion plans.
Speaking at the Bybit Kenya Meetup in Nairobi, Joshua Ya, Bybit’s Global Region and Business Development Executive, announced that the company is actively pursuing regulatory licenses in multiple African countries, including Kenya, Ethiopia, and Nigeria.
“As we continue to grow our global presence, Africa remains a key market,” Ya stated. “We are working toward acquiring the necessary licenses to operate in countries like Kenya.”
The event brought together fintech leaders, blockchain entrepreneurs, and crypto traders to discuss the continent’s role in the evolving digital asset economy.
Bybit’s Commitment to Africa’s Crypto Growth
Bybit’s expansion isn’t just about securing licenses—it’s about driving Africa’s decentralized finance (DeFi) revolution.
The company aims to provide peer-to-peer (P2P) trading solutions, improve financial inclusion, and educate users on blockchain opportunities.
To support this, Bybit is ramping up collaborations with local businesses, launching educational programs, and increasing efforts to onboard more African users into the crypto space.
Security First: Addressing the Recent Crypto Heist
At the event, Bybit Africa Regional Manager Wilson Ogheneovo addressed concerns about a recent cybersecurity breach, where 401,000 Ethereum (valued at nearly $1.5 billion) was stolen from a third-party platform.
“Our systems have always been safe and secure,” Ogheneovo reassured attendees, emphasizing that Bybit users were not affected.
The company is working closely with global cybersecurity experts to enhance its defenses and prevent future breaches.
Shaping Africa’s Digital Financial Future
Bybit’s long-term vision for Africa is clear: build a secure, user-friendly, and innovative trading ecosystem that empowers individuals and businesses.
As the company strengthens its regulatory presence and deepens local partnerships, it’s positioning itself as a major player in Africa’s growing digital economy.
With Kenya as a key hub, Bybit’s expansion could mark a turning point for crypto adoption on the continent.
The question now: Will Africa embrace Bybit’s vision for a decentralized financial future?
