• Bybit has announced a strategic partnership to boost its operation in Turkey by integrating a One-Click Buy feature and enhanced trading options. 
• This comes after Bybit earlier announced a strategic partnership with SWFT Blockchain to unlock the opportunity to trade in a variety of assets. 

The second largest Web3 platform by trading volume, Bybit, has announced a strategic partnership with Turkey’s Narkasa to continue the operation of Bybit Turkiye (bybit-tr.com). According to the report, the decision underscores its commitment to expand and dominate the Turkish market by ensuring that users have a more localized and secure crypto trading experience. With this exciting collaboration already making waves, it is important to note that Bybit Türkiye is operated by a Turkish-domiciled entity, Narkasa Yazılım Ticaret Anonim Şirketi. 

More on the Collaboration

Speaking on the partnership, co-founder and CEO of Bybit Ben Zhou stated that the collaboration would prepare the grounds for the provision of a world-class Web3 platform specifically designed for Turkish users. 

We are pleased to unveil the newly updated portal – Bybit Türkiye, a significant step forward in our commitment to the Turkish crypto community. Through this collaboration with Narkasa, we aim to deliver a world-class web3 platform tailored to the needs of Turkish users, empowering them to participate in the digital asset revolution with confidence.

To effectively meet the demand of Turkish users, Bybit Türkiye has been upgraded to offer a comprehensive suite of features. In addition to that, the Turkish Turkish Lira (TRY) has been integrated to provide a convenience for Turkish users to easily deposit and withdraw via reliable partners like Ziraatbank and Vakıfbank. According to the official announcement, enhanced trading options have been put in place to enable easy access to a diverse selection of crypto pairs for spot trading. Coupled with this, a One-Click Buy feature has been integrated for easy trade. Finally, unwavering customer support has been fixed for 24/7 assistance. 

Earlier Partnership Between Bybit and SWFT Blockchain.

Bybit’s effort to redefine the Web3 ecosystem through the seamless provision of trading services was evident in its partnership with SWFT Blockchain in February. As earlier reported, the collaboration was meant to enable Bybit’s users to access the vast network of more than 50 mainnets, and also leverage this opportunity to trade a wide range of tokens.

Head of Marketing & Ops, Bybit Web3 Emily Bao commented on this:

This partnership unlocks unprecedented liquidity and accessibility, making Bybit Web3 Swap the ultimate springboard for anyone eager to explore the decentralized future. We’re thrilled to collaborate with SWFT and shape a more inclusive and user-friendly web3 landscape for all. This collaboration cements Bybit’s commitment to bridging users from Web2 to Web3 by creating a decentralized ecosystem that is simpler, open, and equal for all.

Marketing Manager of SWFT Arvin Santos also disclosed that the collaboration would enable them to build a future where the decentralized revolution would be participated by everyone else. 

We’re excited to partner with Bybit to bring the power of SWFT’s vast network and liquidity to Bybit Web3 Swap users. This collaboration opens doors for millions to seamlessly trade across diverse chains and tokens, accelerating the mass adoption of web3. Together, we’re committed to building a future where everyone can participate in the decentralized revolution with ease and confidence.

Within the same month, the exchange unveiled spot Grade 3.0 to upgrade its crypto trading with more flexibility and control as reported by Crypto News Flash.