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.
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.
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.
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
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.
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.
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