Bybit partnered with the Nordic Blockchain Association (NBA) to foster innovation and growth within the regional blockchain ecosystem. The partnership is reportedly part of the NBA's effort to create a better blockchain community in the Nordics.

Building a Blockchain Ecosystem

The association aims to address challenges related to blockchain adoption and promote educational initiatives. Bybit's involvement promises to further these goals, leveraging the exchange's global influence to enhance local and international collaboration.

Commenting about the partnership, Jakob Mikkel Hansen, the CEO and Board Member of the Nordic Blockchain Association, said: "We are excited that such a large and important international company as Bybit has joined the Nordic Blockchain Association as a member.

"This once again shows that the Nordic region has an important role to play in the global blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term ecosystem. We look forward to creating value, raising awareness, and promoting education with our new community partner, Bybit."

Nordic Blockchain Conference

One of the main highlights of this collaboration will be the Nordic Blockchain Conference 2025 (NBC25), the largest blockchain and Web3 event in the region.

Recently, Kazakhstan awarded Bybit a full license approval. According to the firm, the license, awarded by the Astana Financial Service Authority, strengthens its expansion in the region. It enables the company to provide a range of crypto services as part of its ongoing global expansion.

Kazakhstan is among the important crypto hubs attracting important firms, especially with its regulatory tightening in other parts of the world. With the new license, Bybit now offers digital asset trading, custody services, and investment management to users in the region and at the Commonwealth of Independent States.

Additionally, Bybit received a provisional license from the Dubai regulator two years after setting its headquarters in the Middle Eastern city. This approval brings the exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term closer to becoming a fully licensed Virtual Asset Service Provider in Dubai.

Notably, the provisional license is non-operational and was issued by the Virtual Asset Regulatory Authority. Bybit also obtained a preliminary Minimum Viable Product license in Dubai to comply with global regulations for digital assets.