Bybit Islamic Account Adds 20 Shariah-Compliant Pairs
Bybit has expanded its Islamic Account with 20 Shariah-compliant spot trading pairs, including NIGHT/USDT, XPL/USDT, SOMI/USDT, MON/USDT, IP/USDT, RECALL/USDT, CC/USDT, SEI/USDT, ZKC/USDT, ZORA/USDT, WAL/USDT, XAN/USDT, STRK/USDT, AI16Z/USDT, ATH/USDT, ZBT/USDT, S/USDT, 2Z/USDT, CAMP/USDT and INIT/USDT. Bybit said the pairs were reviewed by its Shariah advisory partners before listing. The exchange plans to add new pairs roughly every two weeks, with up to 100 new pairs expected during 2026. The Islamic Account is designed to avoid interest, or riba, and provide transparent fee structures for Muslim traders. It currently supports spot trading, Dollar-Cost Averaging bots and spot grid bots, alongside other Shariah-compliant products. Derek Dai, Bybit’s head of MENA, said the expansion aims to give Muslim users more digital-asset choices without compromising their values. The move targets growing demand for Shariah-aligned financial products in the Middle East and other Muslim-majority markets. The expansion may broaden Bybit’s regional user base, although the direct effect on overall crypto prices and liquidity is expected to be limited.
Neutral
The news is likely neutral for the broader cryptocurrency market. Adding 20 Shariah-compliant pairs could increase Bybit’s product appeal and gradually attract users from the Middle East and other Muslim-majority markets. That may support incremental growth in regional trading activity and liquidity over the long term. However, the announcement does not introduce a major protocol upgrade, institutional investment, regulatory approval for the wider market or a material change in crypto supply and demand. Trading volume in the newly listed tokens could rise temporarily as users assess availability and pursue listing-related momentum, but such effects are usually concentrated in the individual assets rather than the broader market. Similar exchange-listing announcements have often produced short-term volatility in the affected tokens, followed by a return to fundamentals and overall market direction. Traders should monitor liquidity, spreads, early volume, volatility and Bybit’s eligibility restrictions, particularly because the related promotional event excludes Dubai residents and applies only to specific CMA-licensed users. The long-term significance is mainly market-access expansion and financial inclusion, rather than an immediate bullish or bearish catalyst for Bitcoin or the wider crypto market.