Bybit Kazakhstan Launches First Fully Regulated P2P Crypto Platform in Kazakhstan

Bybit Kazakhstan, a cryptocurrency exchange licensed by the Astana Financial Services Authority (AFSA), has introduced the country's first fully regulated peer-to-peer (P2P) trading platform on November 26, 2025. This milestone development is designed to provide a transparent and secure environment for buying and selling digital assets, operating within a licensed framework that adapts to Kazakhstan's regulatory landscape.

The platform functions in partnership with financial institutions licensed under the Astana International Financial Centre (AIFC) framework. These institutions act as Makers, while verified users serve as Takers. All fiat transactions are processed exclusively through corporate bank accounts of licensed institutions, rather than personal accounts, to enhance compliance and reduce fraud risks. During the initial rollout, users conduct fiat transfers using verified Halyk Bank cards, with each transaction subject to identity checks, including name, IIN, and bank details, supervised by both Bybit Kazakhstan and the participating institution.

The trading process mirrors traditional P2P steps: when users buy cryptocurrencies like USDT, they select an offer and transfer Kazakhstani Tenge (KZT) from a Halyk Bank account to the Maker's corporate account. Upon payment confirmation, digital assets are released to the user's Bybit Kazakhstan wallet. For selling, users initiate an order and receive KZT from the Maker to their verified card, with assets released after transfer confirmation. Key features include full traceability, AML and KYC compliance, and joint support from Bybit and licensed institutions.

Operating parameters include a maximum transaction amount of 2.5 million KZT and a daily limit of 5 million KZT, with no commissions charged for P2P transactions. A limited-time launch campaign from November 17 to December 13, 2025, offers eligible new users rewards tied to their first P2P deposits, such as guaranteed crypto incentives and prize draws. This initiative aims to boost local crypto adoption by combining P2P flexibility with a security framework aligned with national regulations.