Bybit Kazakhstan Launches the Country’s First Fully Regulated P2P Platform - Chainwire

26Nov

Bybit Kazakhstan Launches the Country’s First Fully Regulated P2P Platform

Astana, Kazakhstan, November 26th, 2025, Chainwire

Bybit Limited (Bybit Kazakhstan), a crypto exchange licensed by the Astana Financial Services Authority (AFSA), has introduced a fully regulated peer-to-peer trading platform in Kazakhstan. The launch marks the country’s first P2P system operating within a licensed framework and is designed to provide a transparent and secure environment for buying and selling digital assets.

P2P trading remains a widely used method for accessing liquidity, and the updated model adapts this approach to Kazakhstan’s regulatory landscape. The system preserves the familiar structure of P2P trading while adding controls intended to enhance reliability and improve clarity in fiat transfers.

A Regulated Model Designed for Local Requirements

The platform operates in partnership with financial institutions licensed under the AIFC framework. These institutions serve as Makers, while verified users act as Takers. All fiat transactions are processed through corporate bank accounts belonging to licensed institutions rather than personal bank accounts, supporting compliance and reducing the risk of fraud.

During the initial rollout phase, users conduct fiat transfers through their verified Halyk Bank cards. Each transaction is subject to identity and data checks, including verification of name, IIN and bank details, with supervision carried out by both Bybit Kazakhstan and the participating institution.

Transaction Flow

The trading process follows a familiar structure. When users choose to buy cryptocurrency such as USDT, they select an offer and transfer KZT from a Halyk Bank account to the Maker’s corporate account. Once payment is confirmed, the Maker releases the digital assets to the user’s Bybit Kazakhstan wallet.

When users sell cryptocurrency, they initiate an order and receive KZT from the Maker to their verified card. After the transfer is confirmed, the corresponding digital assets are released to the Maker. The model mirrors traditional P2P steps with the distinction that counterparties are licensed financial institutions rather than individual traders.

Key Features of the System

The regulated P2P model introduces several structural elements:

Fiat transfers conducted exclusively through corporate accounts of licensed financial institutions
Compliance with AML and KYC standards, including verification of identity and bank details
Supervision of each transaction by Bybit Kazakhstan and the Maker institution
Full traceability and reporting
Support provided jointly by Bybit Kazakhstan and the licensed financial institution

Participation and Operating Parameters

Bybit Kazakhstan functions as a licensed platform regulated by AFSA. Financial institutions serving as Makers hold AFSA licenses and manage fiat settlement. Users act as Takers and must complete KYC verification.

The platform applies a maximum transaction amount of 2.5 million KZT and a daily limit of 5 million KZT. Bybit Kazakhstan charges no commission for P2P transactions.

Launch Campaign

In connection with the platform’s introduction, Bybit Kazakhstan has organized a limited-time campaign running from Nov. 17 to Dec. 13, 2025. During this period, eligible new users may access various rewards tied to their first P2P deposits, including guaranteed crypto incentives and entries into prize draws. The campaign details and terms are available through Bybit Kazakhstan’s official channels.

A Milestone for Kazakhstan’s Crypto Market

Bybit Kazakhstan’s launch of the first fully regulated P2P platform in the country represents a significant step for the local digital asset sector. The system offers a compliant method for users to buy and sell assets, combining the flexibility of P2P trading with a security framework supported by licensed financial institutions.

The platform is intended to bring clarity in fiat movement, predictable settlement and a structure aligned with national regulatory expectations. Bybit Kazakhstan plans to continue its cooperation with local institutions as the ecosystem develops.

#Bybit / #TheCryptoArk

About Bybit Kazakhstan

Bybit Kazakhstan is authorized by the financial regulator of the Astana International Financial Centre (AIFC) — the Astana Financial Services Authority (AFSA) — to conduct regulated activities, including operating a digital asset trading platform, providing custodial services, carrying out investment activities as both principal and agent, and managing investments in relation to digital assets under License No. AFSA-A-LA-2024-0027.

The license status and validity can be verified on the official AFSA website: www.afsa.kz.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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