Bybit is pushing deeper into regulated markets as crypto adoption accelerates worldwide. The exchange just unveiled two major updates that strengthen local access, simplify payments, and reward early participation across key regions.
Together, AED bank deposits in the UAE and the Bybit Card launch in Georgia show how crypto platforms now compete directly with traditional finance, and that regulatory licensing and compliance can bring new features and payment options, and not only restrictions.
Bybit Launches Direct AED Bank Deposits in the UAE
Bybit has launched direct AED bank deposits and withdrawals for eligible users in the United Arab Emirates under the Capital Market Authority framework. The new service allows you to transfer funds directly between a personal UAE bank account and a Bybit account, removing the need for third-party processors and simplifying access to digital asset trading.
The exchange confirmed that AED transfers typically process in real time, although some transactions may take up to five business days depending on banking systems. To meet compliance standards, the bank account name must match the verified Bybit account, reducing the risk of rejected or delayed transfers while maintaining regulatory safeguards.
First CMA-Compliant Crypto On-Ramp With Local Banking
This rollout positions Bybit among the first exchanges to offer a fully localized crypto onboarding experience under CMA oversight. Derek Dai, Regional Head of MENA at Bybit, said the launch represents a major step toward making digital assets more accessible to UAE residents while maintaining strict compliance standards.
The timing aligns with the UAE’s rapid rise as a global crypto hub. According to the World Crypto Rankings 2025, the country ranked first in the region and fifth worldwide, driven by strong retail adoption and increasing institutional interest in regulated crypto markets.
Limited-Time AED Rewards With Zero Deposit Fees
To celebrate the new banking integration, Bybit introduced a promotional reward pool of up to 750,000 AED, running until February 28, 2026. During this period, you can deposit AED through local banks with zero fees, reducing the cost of entering crypto markets.
New users registered under the CMA license and after January 19, 2026 who complete Level 1 verification can earn up to 200 AED by depositing 400 AED via bank transfer. Additional rewards of more than 300 AED are available through trading activity, crypto purchases, and referrals, although participation excludes Dubai residents.
There’s no promotional period for AED withdrawals, but interested customers will be happy to know the withdrawal fee is set to only 25 AED, flat.
Regulatory Momentum Behind the UAE Expansion
The AED deposit rollout follows a major regulatory milestone. In October 2025, Bybit became the first exchange to receive a full Virtual Asset Platform Operator license from the UAE’s Securities and Commodities Authority.
Bybit has become the first crypto exchange to receive a full Virtual Asset Platform Operator License from the UAE's Securities and Commodities Authority. The milestone follows its MiCAR approval in Europe and a full return to India with stricter KYC rules.Read Now
That approval unlocked trading, brokerage, custody, and fiat conversion services nationwide. It also placed Bybit among a small group of fully licensed crypto platforms in UAE.
Bybit Card Launches in Georgia With 10% Cashback
Bybit Card is one of the most popular crypto cards in the world, with more than a million active users. However, the card is mostly unavailable outside European Union. Today this changes, as Bybit expanded its payment ecosystem by launching the Bybit Card in Georgia. The card allows residents to spend crypto anywhere Mastercard is accepted.
After signing up, you will receive your virtual card instantly, so you can add it to Google Pay and start spending immediately. Subject to availability, a physical card is also available.
Cashback Rewards Turn Daily Spending Into Crypto Gains
To celebrate the Georgian launch, Bybit introduced a 10% cashback campaign. New users can earn up to $150, while existing users can earn up to $75.
You can unlock the reward by depositing at least $100 or its equivalent within 30 days of card approval. Cashback applies to eligible categories such as travel, dining, fashion, transport, and wellness. Only crypto-funded purchases qualify, and withdrawals to e-wallets or prepaid accounts do not count toward rewards.
Start Using Bybit Now
If you live in the UAE, you can now fund crypto trades directly with AED through your local bank. On the other hand Georgians can start spending crypto instantly while earning cashback on daily purchases.
Both launches show how crypto exchanges now blend trading, banking, and payments into one experience. For those seeking speed, rewards, and regulated access, Bybit’s latest expansion offers a clear invitation to get involved.
