Bybit, the world's second-largest web3 platform by trading volume, has been awarded the prestigious Banking and Finance - Innovative Collaborations and Partnerships Achievement Award at the MEA Business Awards 2024. This recognition celebrates Bybit's groundbreaking Blockchain for Good Alliance, which aims to harness Web3 technologies for social good.

The MEA Business Awards 2024, hosted by MEA Business Magazine, honors exceptional businesses and organizations across the Middle East and Africa. Bybit's Blockchain for Good Alliance has been acknowledged for its innovative approach to leveraging blockchain technology to address critical global challenges and drive positive social impact.

Bybit has partnered with global leaders to launch the Blockchain for Good Alliance, directing Web3 technologies towards social good and utilizing blockchain to tackle global issues and support socially impactful projects.

Helen Liu, Chief Operating Officer of Bybit, expressed the company's honor in receiving the Innovative Collaborations and Partnerships Achievement Award, stating that it is a testament to the hard work and dedication of the Bybit team and partners in pushing the boundaries of innovation in the financial sector.

Bybit's innovative approach and commitment to excellence have positioned it as a leader in the cryptocurrency exchange industry, recently becoming the second-largest crypto exchange by trading volume and serving over 33 million users. This award further solidifies Bybit's reputation as a forward-thinking and collaborative force within the financial community.