Bybit Doubles Islamic Account Coverage to 40 Shariah-Compliant Crypto Pairs

The second expansion batch, announced on September 21, adds ENSO/USDT, TA/USDT, 0G/USDT, LINEA/USDT, GRASS/USDT, FLOCK/USDT, W/USDT, POL/USDT, ICNT/USDT, WCT/USDT, BIRB/USDT, FHE/USDT, ALCH/USDT, NEWT/USDT, ES/USDT, HYPER/USDT, TOWNS/USDT, XDC/USDT, SIGN/USDT and PROVE/USDT.

Bybit said all 20 pairs were reviewed and verified as Shariah-compliant by its advisory partners before becoming available through the Islamic Account.

The additions follow the first expansion batch on September 1, when Bybit introduced 20 pairs including NIGHT, XPL, SOMI, MON, IP, SEI, ZORA, STRK and ATH against USDT.

That first announcement outlined a five-batch program designed to introduce 100 additional Shariah-compliant pairs, with new groups scheduled roughly every two weeks. With the second batch now live, Bybit says three more batches are still planned.

The expansion stands out because it is more targeted than simply adding additional spot markets to Bybit’s main exchange. The company is effectively creating a separate screened crypto universe for users who want trading activity structured around Islamic-finance principles.

The Islamic Account Is Built Around More Than Token Screening

Bybit launched its Islamic Account in 2024 after developing the product in consultation with CryptoHalal and ZICO Shariah Advisory Services.

The account is designed to avoid interest, or riba, as well as excessive uncertainty, or gharar, two central considerations in Islamic finance. Bybit says tokens and services made available through the account undergo Shariah review rather than simply being copied from its standard product catalogue.

Users can access spot trading as well as DCA and Spot Grid trading bots. Bybit says there are no additional account fees compared with its conventional offering.

The distinction is significant because much of the crypto-exchange industry has moved toward increasingly complex leveraged products, yield products and derivatives. Bybit itself has been pursuing an aggressive expansion into traditional financial markets, adding equity-linked perpetuals, CFDs and other instruments alongside its conventional crypto business.

The Islamic Account takes a different approach: rather than maximizing the number of products available to every user, it restricts the environment according to a separate compliance framework.

That does not mean every Islamic scholar will necessarily reach the same conclusion about every cryptocurrency or trading structure. Interpretations of Shariah requirements can differ, particularly around speculation, token utility and excessive uncertainty. The relevant claim here is that the assets have passed the review process used by Bybit and its named Shariah advisers.

Bybit Is Targeting a Large and Growing Financial Market

The commercial opportunity behind the strategy is considerable.

Islamic finance is no longer a niche banking segment. The Islamic Financial Services Board estimated assets covered by the global Islamic financial services industry at $3.88 trillion in 2024, up 14.9% year over year. A broader methodology used by the Islamic Corporation for the Development of the Private Sector and LSEG put total global Islamic finance assets at nearly $6 trillion.

The Gulf Cooperation Council is one of the industry’s main centers, making the overlap between Islamic finance and growing crypto adoption particularly relevant for exchanges.

Crypto activity across the Middle East and North Africa exceeded half a trillion dollars in the latest regional data from Chainalysis, while centralized exchanges remain a major route through which users access digital assets.

Competition for those users is becoming increasingly visible. Traditional trading firms are also targeting the region, with recent campaigns aimed specifically at the GCC, Egypt and Morocco.

Bybit has an additional regional advantage. The exchange secured a full Virtual Asset Platform Operator license from the UAE Securities and Commodities Authority in 2025, strengthening its regulated presence in one of the Middle East’s largest digital-asset hubs.

Since January 2026, new users joining Bybit Global have also been onboarded through its UAE-incorporated, SCA-regulated entity, according to the company’s current documentation.

The Expansion Comes With a Customer-Acquisition Push

Bybit is not relying exclusively on the availability of compliant assets to attract users.

The exchange has also been running a promotion for Islamic Account customers through September 30, offering eligible users rewards for funding their accounts and generating spot trading volume.

The campaign begins with a deposit or transfer of at least 100 USDT and at least 100 USDT in spot trading volume, with additional rewards tied to higher activity levels.

That strategy fits a much wider exchange trend. KuCoin, Gate and OKX have all recently adjusted their customer-acquisition strategies to reward specific types of funding, referrals and trading behavior.

Bitget has similarly been using fiat onboarding and trading incentives to move newly registered users toward funded, active accounts.

Bybit’s difference is that the incentive sits beside a product designed for a clearly defined financial and religious preference. Instead of competing only through lower fees or larger token menus, the exchange is attempting to make compliance itself part of the customer proposition.

Analysis: This Is More Important Than Adding Another 20 Altcoins

On the surface, this is a listing story.

Twenty more tokens have appeared inside one section of a crypto exchange.

But the more interesting part is segmentation.

Crypto exchanges spent years building essentially the same product for everyone: hundreds of spot tokens, perpetual futures, leverage, staking products and an increasingly complicated Earn section.

That model is changing.

Platforms are learning that the next stage of growth may depend less on adding the 900th token and more on building different financial environments for different groups of customers.

Bybit’s Islamic Account is a clear example.

Compliance Can Become a Product Feature

For a Muslim trader concerned about Shariah compliance, the problem with a conventional exchange is not simply identifying which token to buy.

The surrounding financial structure matters too.

Interest-bearing products, leveraged contracts, funding mechanisms and uncertain sources of yield can all create questions that a standard exchange interface does nothing to answer.

Bybit is effectively trying to remove part of that decision-making burden by creating a separate account where the available products and tokens have been screened in advance.

That is commercially powerful if users trust the screening process.

Financial companies increasingly compete through this type of product specialization. Some exchanges are fighting for customers by offering more asset classes. Others are paying users to keep stablecoin balances on their platforms. KuCoin has gone further by building exchange-specific yield products designed to make deposited capital more difficult to justify moving elsewhere.

Bybit is competing on another axis: values and financial structure.

The USDT Pairing Is Strategically Important

Every asset in the latest batch trades against USDT.

That is not a minor detail.

Rather than fragmenting liquidity across several quote currencies, Bybit can concentrate the Islamic Account around a widely used stablecoin that already functions as one of crypto’s primary settlement assets.

Centralized exchanges increasingly treat stablecoin liquidity as the foundation from which customers access everything else. That is why platforms are spending heavily to attract dollar-linked balances and build broader ecosystems around them.

The same logic is visible as exchanges turn into increasingly broad financial platforms. OKX, for example, has been expanding into equity-linked trading products, while Bybit is simultaneously adding stocks, forex and commodity exposure outside its Islamic Account.

A user’s stablecoin balance can therefore become the gateway to an entire financial relationship.

The Real Test Is Whether Islamic Accounts Produce Loyal Customers

Listing 100 Shariah-reviewed pairs is relatively easy to measure.

The harder question is whether the account creates a durable customer base.

If Muslim users previously had to research individual tokens, avoid unsuitable products manually and piece together their own interpretation of what was permissible, a dedicated environment could materially reduce friction.

That creates the possibility of stronger retention.

The opportunity resembles a broader shift already occurring across fintech, where companies increasingly package digital financial products around specific customer needs rather than simply offering another generic crypto wallet or trading screen.

There are risks, however.

Shariah compliance is not a universal binary label. Scholars and advisory bodies can reach different conclusions, and the rapid introduction of newer tokens makes the quality and transparency of the review process important.

Bybit will therefore need more than a long list of approved tickers. It needs users to trust why those assets were approved and how compliance is maintained if a token’s economics or functionality later changes.

That may ultimately determine whether the Islamic Account becomes an important exchange franchise or remains a specialized section of the platform.

For now, the direction is clear. Bybit has doubled the available pair count to 40, three more expansion batches are planned, and the exchange is deliberately turning Shariah compliance into a point of product differentiation.

In an industry where competitors can copy a new token listing within hours, building a financial product around a specific set of values may be much harder to replicate.