Bybit has debuted the first Islamic account for crypto investors who follow Shariah.
Over 75 tokens have been introduced for investors in the initial phase.
The exchange debuted the Islamic account in consultation with ZICO Shariah.
Bybit, the fourth-largest digital asset trading platform by spot volume, launched the first crypto Islamic account. This is a big step for other exchanges and the digital asset sector to take note, in that it allows investors who follow Sharia law, to trade in the crypto market without violating their faith.
In a post on X (formerly Twitter), Ben Zhou, the co-founder and CEO of Bybit, said the crypto exchange has rolled out the Islamic account which is Shariah-compliant. Initially, the new service will offer around 75 cryptocurrencies that comply with Sharia law.
Read also: The Rise of Bybit: The Crypto Exchange That’s Taking on the Giants
World first Crypto Islamic account is now fully live on Bybit. Shariah-Compliant and Initial offerings include spot trading (limited to 75 Shariah-compliant tokens), DCA trading bot, and Spot Grid Bot.
Create your Islamic Sub-account now: https://t.co/BxLk8GR2N8 pic.twitter.com/ztz2RLDw…
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