Bybit Limited (Bybit Kazakhstan), a crypto exchange licensed by the Astana Financial Services Authority (AFSA), has launched Kazakhstan’s first fully regulated peer-to-peer trading platform. The rollout introduces a licensed framework for P2P transactions, aiming to provide a secure and transparent environment for users buying and selling digital assets.
The model adapts familiar P2P mechanisms to Kazakhstan’s regulatory structure. It integrates licensed financial institutions into the process and replaces personal bank-to-bank transfers with transfers routed through corporate accounts. The approach is intended to improve compliance, reduce fraud risk, and bring formal oversight to fiat movement.
Regulated structure with licensed institutions as Makers
Under the system, financial institutions licensed by AFSA act as Makers, while verified Bybit Kazakhstan users serve as Takers. All fiat transfers are conducted through corporate bank accounts held by these institutions. During the rollout phase, users must complete transactions using verified Halyk Bank cards. Each transaction undergoes identity checks, including verification of full name, IIN, and bank details, supervised by both Bybit Kazakhstan and the Maker institution.
How the system works
When buying cryptocurrency such as USDT, users select an offer and send KZT from their Halyk Bank account to the Maker’s corporate account. After payment confirmation, the Maker releases the crypto to the user’s Bybit Kazakhstan wallet.
For selling, users initiate an order and receive KZT directly from the Maker into their verified card. Once the transfer is confirmed, the digital assets are released to the Maker. While the flow mirrors traditional P2P trading, the counterparties are licensed entities rather than individual traders.
Key features
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Fiat transfers processed exclusively through corporate accounts of licensed financial institutions
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Full AML and KYC compliance, including verification of identity and payment details
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Dual supervision by Bybit Kazakhstan and the Maker institution
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Complete transaction traceability and reporting
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Joint customer support from Bybit Kazakhstan and the participating institution
Participation and limits
Bybit Kazakhstan operates under AFSA regulation, while Makers must hold AFSA licenses to handle fiat settlement. Users must complete KYC verification. The platform sets a maximum transaction size of 2.5 million KZT and a daily limit of 5 million KZT. Bybit Kazakhstan charges no commissions on P2P trades.
Launch campaign
To support the launch, Bybit Kazakhstan is running a promotional campaign from November 17 to December 13, 2025, offering rewards for eligible new users making their first P2P deposits. Details are available through the company’s official channels.
A new milestone for Kazakhstan’s regulated crypto market
The introduction of the fully regulated P2P platform marks a significant development for Kazakhstan’s digital asset ecosystem. By combining P2P flexibility with institutional oversight, Bybit Kazakhstan aims to provide predictable settlement, transparent fiat flows, and a structure aligned with national regulatory requirements. The exchange plans to continue working with local financial institutions as the market evolves.
About Bybit Kazakhstan
Bybit Kazakhstan is authorized by the Astana Financial Services Authority (AFSA) under License No. AFSA-A-LA-2024-0027 to operate a digital asset trading platform, provide custodial services, conduct investment activities as principal and agent, and manage digital-asset-related investments.
