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Bybit and DMCC Extend Successful Partnership, Pioneering New Role to Drive the Growth of Dubai’s Crypto Ecosystem

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DUBAI, UAE, Aug. 12, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the extension of its strategic partnership with Dubai Multi Commodities Centre (DMCC), After a year of successful collaboration, Bybit is  thrilled to announce its new role from a key ecosystem partner to an advisory role, solidifying its position as a leading force in Dubai’s thriving crypto and Web3 industry.

This elevated partnership marks a new chapter in Bybit and DMCC’s joint commitment to fostering the growth and development of the region’s crypto ecosystem. From August 2024 to July 2025, Bybit will serve as a DMCC Ecosystem and Advisory Partner, providing strategic guidance to the DMCC Crypto Center and its members on key initiatives.

Boosting Dubai’s position as a Global Crypto Hub

To further bolster Dubai’s position as a global crypto hub, Bybit and DMCC Crypto Center will co-organize two major industry events this year: a global hackathon and a flagship conference. The hackathon will nurture innovation by supporting developers in building web3 projects, while the conference will position Dubai as a thought leadership center by bringing together industry experts and key opinion leaders.

The past year has been marked by significant achievements, including a $100,000 prize pool hackathon to support blockchain startups, a Masterclass for aspiring entrepreneurs, the “Let Web3 Happen in Dubai” event focused on security and compliance, and a high-profile side event at Token 2049. Through these initiatives, Bybit has actively supported and advised over 20 startups, helping them establish a foothold in Dubai’s dynamic crypto landscape.

By taking on an advisory role, Bybit will leverage its deep industry expertise to shape the future of Dubai’s crypto and Web3 industry. This collaboration underscores Bybit’s unwavering commitment to supporting Dubai’s vision of becoming a global crypto and Web3 hub.

“We are honored to be the first organization appointed to this advisory role by DMCC,” said Helen Liu, Chief Operating Officer at Bybit. “By taking on an advisory role, we are excited to leverage our expertise to drive innovation and support the growth of the industry in Dubai.”

Belal Jassoma, Director of Ecosystems, DMCC, added “Bybit have been true partners over the past year, bringing substantial value to Dubai’s crypto and Web3 community. We are thrilled to expand this through Bybit’s advisory role, which will support our Crypto Centre members in new ways as they look to scale their crypto businesses and tap into some of the world’s most exciting markets.”

#Bybit / #TheCryptoArk

About Bybit

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Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Inaugural Global South Media and Think Tank Forum held in Brazil

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SAO PAULO, Nov. 14, 2024 /PRNewswire/ — Themed “Development and Revitalization: A New Journey for the Global South,” the inaugural Global South Media and Think Tank Forum was held here from Monday to Tuesday.

Congratulatory messages from Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva were read out at the forum.

The organizers of the forum said both President Xi and President Lula issued new important guidelines on the development of the Global South. The Global South is gaining momentum and becoming an indispensable and constructive force in the international community.

The forum is being held against the backdrop of the upcoming 19th G20 Summit in Brazil this month. Various media outlets and think tanks are expected to jointly amplify the voice of the Global South regarding upholding peace, opening up and development, global governance, and mutual learning among civilizations. They should demonstrate the responsibilities of the Global South, unite efforts for modernization of Global South nations, and jointly promote the building of a community with a shared future for mankind.

Among the guests of the forum are Dima Al-Khatib, director of the United Nations Office for South-South Cooperation, Yeidckol Polevnsky Gurwitz, chair of the Asia-Pacific Foreign Relations Committee of the Mexican Senate and Muhammad Ali Ali, managing director of News Agency of Nigeria. The guests asserted that the Global South is experiencing significant development, greatly impacting the trajectory of world history.

They hoped that the media and think tanks of the Global South will prioritize development and cooperation and promote global governance reform guided by the principles of fairness, justice, openness and inclusiveness. The guests called for all parties involved to collaborate to boost the new development of the Global South, create a new chapter of mutual learning among civilizations, and meet the new challenges of the all-media era.

During the opening ceremony, the Global South Media News Network was launched. The Sao Paulo Declaration of the Global South Media and Think Tank Forum, the think tank report “A New Model for Human Advancement and Its Global Significance” and multilingual versions of the report “Awakening of the Global South” were also released.

Guided by China’s State Council Information Office and jointly organized by Xinhua News Agency and Brazil Communication Company, the forum drew around 350 representatives from 170 media organizations, think tanks, government agencies, and enterprises from more than 70 countries and regions.

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Vantage Markets Celebrated Among the Top Brokers in Investing.com’s Latest Performance Test during the US Election Period

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LONDON, Nov. 14, 2024 /PRNewswire/ — Vantage Markets (or “Vantage”), an award-winning multi-asset broker, has once again solidified its reputation for excellence, outperforming competitors across multiple key categories in Investing.com’s latest brokerage test.

Investing.com, one of the world’s leading financial publishers, provides real-time financial news, analysis, and data, serving over 60 million monthly users across global markets. Its brokerage tests are highly regarded in the industry, offering comprehensive insights into broker performance based on rigorous evaluation criteria.

In this latest assessment, the test evaluated multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, large order cost, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections—with test data focused on the product movement of Gold (XAUUSD).

Leverage

Vantage excelled in providing flexible, highly competitive leverage of up to 1:2000 (in selected regions), granting traders access to powerful financial instruments with a range of options tailored to their trading needs. This balance of flexibility and control is essential to Vantage’s philosophy of empowering traders with tools that support intelligent risk management.

Spread Value and Spread Stability

Based on ECN account data, the test highlighted Vantage’s exceptionally low spread values at 9.1 as compared to other brokers, offering traders cost-effective access to the markets. Furthermore, spread stability consistently held within a range of 8-9 points, a critical factor during market turbulence. This stability reflects Vantage’s robust infrastructure and dedication to providing reliable trading conditions regardless of market fluctuations.

No-Slippage Rate

Vantage demonstrated an unmatched 79% no-slippage execution rate on STP accounts, showcasing its ability to minimise the disparity between requested and executed prices.  By reducing unexpected deviations, Vantage ensures that traders’ strategies remain intact without unexpected deviations, enhancing trust and transparency in trade execution.

Market Depth

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In a rigorous test of order placements during high-volatility news events, Vantage exhibited unparalleled market depth, handling large lot sizes with minimal slippage. This level of market depth and stability reflects the strength of Vantage’s liquidity network, providing traders with a seamless experience even during peak market activity.

Large Order Cost
During the high-volatility US Election period, Vantage excelled with a larger order cost of -26.6, offering competitive pricing and minimising trading expenses for large transactions. This is at the back of Vantage’s commitment to ensure that traders enjoy cost-efficiency even in dynamic and fast-moving markets.

Swap Competitiveness

Vantage continues to deliver value with industry-leading swap rates, offering -30.8 for long positions and 22 for short positions. Known for offering some of the industry’s best swap rates, Vantage ranks highly with advantageous rates on both sides of the market, providing  traders added value, especially for long-term positions.

The recognition by Investing.com is a true testament to Vantage’s drive for excellence and reinforces its position as a leader in the global trading landscape. For traders across the world, these results are not only a reflection of Vantage’s superior trading conditions but also a promise of its unwavering commitment to fostering a high-performance trading environment.

David Shayer, CEO, Vantage UK said, “This recognition from Investing.com reaffirms Vantage UK’s commitment to delivering exceptional trading services tailored to the needs of UK traders. It’s a testament to the strides we’ve made in fostering a reliable and innovative trading environment. We look forward to building on this momentum, providing our traders with unmatched service and trading solutions in the year to come.”

For more information, visit Vantage’s Media Centre: https://www.vantagemarkets.co.uk/about/media-centre/

About Vantage

Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

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trade smarter @vantage
https://www.vantagemarkets.co.uk/

Risk warning: CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. Please seek independent advice if necessary.

* ‘The Ultimate Trading Machine’ is a marketing term and does not imply guaranteed performance. CFDs involve significant risk and may not be suitable for all investors.

Vantage is the trading name of VGP LLP.

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Vantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period

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SYDNEY, Nov. 14, 2024 /PRNewswire/ — Vantage Markets (or “Vantage”), an award-winning multi-asset broker, has once again solidified its reputation for excellence, outperforming competitors across multiple key categories in Investing.com’s latest brokerage test.

Investing.com, one of the world’s leading financial publishers, provides real-time financial news, analysis, and data, serving over 60 million monthly users across global markets. Its brokerage tests are highly regarded in the industry, offering comprehensive insights into broker performance based on rigorous evaluation criteria.

In this latest assessment, the test evaluated multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, large order cost, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections—with test data focused on the product movement of Gold (XAUUSD).

Leverage
Vantage excelled in providing flexible, highly competitive leverage of up to 1:2000 (in selected regions), granting traders access to powerful financial instruments with a range of options tailored to their trading needs. This balance of flexibility and control is essential to Vantage’s philosophy of empowering traders with tools that support intelligent risk management.

Spread Value and Spread Stability
Based on ECN account data, the test highlighted Vantage’s exceptionally low spread values at 9.1 as compared to other brokers, offering traders cost-effective access to the markets. Furthermore, spread stability consistently held within a range of 8-9 points, a critical factor during market turbulence. This stability reflects Vantage’s robust infrastructure and dedication to providing reliable trading conditions regardless of market fluctuations.

No-Slippage Rate
Vantage demonstrated an unmatched 79% no-slippage execution rate on STP accounts, showcasing its ability to minimise the disparity between requested and executed prices.  By reducing unexpected deviations, Vantage ensures that traders’ strategies remain intact without unexpected deviations, enhancing trust and transparency in trade execution.

Market Depth
In a rigorous test of order placements during high-volatility news events, Vantage exhibited unparalleled market depth, handling large lot sizes with minimal slippage. This level of market depth and stability reflects the strength of Vantage’s liquidity network, providing traders with a seamless experience even during peak market activity.

Large Order Cost
During the high-volatility US Election period, Vantage excelled with a larger order cost of -26.6, offering competitive pricing and minimising trading expenses for large transactions. This is at the back of Vantage’s commitment to ensure that traders enjoy cost-efficiency even in dynamic and fast-moving markets.

Swap Competitiveness
Vantage continues to deliver value with industry-leading swap rates, offering -30.8 for long positions and 22 for short positions. Known for offering some of the industry’s best swap rates, Vantage ranks highly with advantageous rates on both sides of the market, providing  traders added value, especially for long-term positions.

The recognition by Investing.com is a true testament to Vantage’s drive for excellence and reinforces its position as a leader in the global trading landscape. For traders across the world, these results are not only a reflection of Vantage’s superior trading conditions but also a promise of its unwavering commitment to fostering a high-performance trading environment.

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Jack Kelly, Head of Sales, Vantage Australia said, “Here at Vantage Australia, we’re thrilled to see our dedication to delivering a high-quality trading experience recognised in Investing.com’s latest rankings. This achievement highlights the passion and precision we bring to our work every day. As we look ahead, we remain focused on refining our offerings and ensuring our traders have the best tools and support to navigate the markets with confidence.”

For more information, visit Investing.com.

About Vantage

Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

Vantage Global Prime Pty Ltd (ACN 157 768 566) (“Vantage”), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.

You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.

 

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