Exchange Bybit to invest US$50 million in Brazil

RIO DE JANEIRO, BRAZIL - With an eye on Latin America's booming crypto market, Dubai-based cryptocurrency exchange Bybit announced on April 28 that it is investing about US$50 million in expanding its operation in Brazil.

The funds will be used in hiring the team to serve the Brazilian audience, partnerships, promotions, new product development, marketing, and adaptations of the platform to Portuguese. On the other hand, the company stated that it would not have physical headquarters in Brazil.

"Brazilians highly value the experience with the services they use. When it comes to investments, we know that we will . . .

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