Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Bybit Learn

Crypto

Learn about some of the common misconceptions surrounding Islamic Shariah trading and why they are inaccurate.

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Islamic finance represents a unique aspect of global finance, as it strictly adheres to principles of Shariah law. Based on these tenets, Islamic finance completely forbids riba (interest), gharar (excessive uncertainty) and maysir (gambling).

However, despite Islamic Shariah–based trading’s potential benefits, several false assumptions exist, and many people may have misunderstandings of Islamic financial services and Shariah-compliant trading due to misleading information.

This article will discuss some common misconceptions about Islamic finance and Islamic Shariah trading.

Misconception #1: Islamic Finance Is Only for Muslims

Islamic finance’s ethical principles can be appreciated by people from any religion. Many individuals, regardless of their beliefs, want to participate in finance in ways that are in accordance with Islamic finance. Following are some key principles common to both Islamic and mainstream finance.

: The major principles of Islamic finance — transparency, fairness and social responsibility — appeal to ethical investors from both religious and non-religious backgrounds.

: There's a growing trend toward sustainable and responsible investing. People are becoming more aware of how their investments affect the environment, social justice and ethical business practices. This shift is creating greater consciousness about where they put their money. Islamic finance fits perfectly within this movement, since it primarily promotes ethical and socially responsible investments.

: Islamic finance prohibits investments in industries considered harmful, such as alcohol, gambling, tobacco and weapons manufacturing. This orientation aligns perfectly with individuals who want their investments to support ethical and sustainable businesses.

: Islamic finance promotes investment in tangible assets to ensure stability and mitigate speculation. As such, individuals and investors seeking long-term value and sustainable growth can be confident implementing Islamic financial services. Moreover, this focus on actual economic activities favors investments that will likely have a positive impact on the economy.

: In Islamic finance, investors and institutions share profits and losses. This creates a fair partnership that appeals to those who value equitability. Furthermore, this investment model fosters trust and cooperation among the parties involved.

Examples of Non-Muslims Engaging With Islamic Finance

: Numerous financial institutions offer ethical funds that follow principles similar to those of Islamic finance. These funds attract investors who favor social responsibility and ethical investing.

: Islamic bonds (sukuk) are increasingly popular among non-Muslims, due to their unique structure and potential for diversification. They offer a viable alternative to conventional bonds.

: Institutions providing Islamic microfinance services attract support from people who are committed to social impact and alleviating poverty. These services allow many underserved communities to access financial resources.

Misconception #2: Islamic Finance Is Less Profitable

Some investors believe Islamic finance lacks profitability, but that's far from true. The Islamic finance industry prioritizes sustainable and equitable growth. As such, it avoids high-risk speculation while offering diverse profit opportunities through Shariah-compliant investments across various asset classes.

: Some people believe the Islamic finance industry restricts investment options, which might result in limited returns. In reality, it offers a wide range of permissible investments. Hence, investors can diversify and grow their portfolios through ethical investment options.

: Islamic finance focuses on sustainable long-term growth. However, this might not always result in short-term gains. Nevertheless, this investment approach can result in more stable and consistent returns.

: Profit-sharing models in Islamic finance benefit both investors and financial institutions. Both parties can share in an investment's success, while limiting risks and losses.

In addition, Islamic finance generates profits for investors through the following practices:

Focus on Ethical and Sustainable Investments

: A fundamental tenet of Islamic finance is to invest in businesses and sectors that benefit society and the environment. Thanks to such ethical investments, Islamic financial institutions are in a position to help investors generate significant returns while aligning with their personal values.

 allows investors to participate in various asset classes, such as equities, sukuk (Islamic bonds), real estate and commodities. This spreads risks across different sectors, helping to improve profitability.

: Islamic finance institutions are growing, innovative and continuing to explore new investment opportunities. Islamic banks and institutions are also developing cutting-edge financial products that use advanced technology to meet the evolving needs of their diverse investors.

: The practice of Islamic finance fosters genuine concern for 

 and protecting investors' resources. Little to no speculation is involved. This reasonable approach helps protect investors from large losses, and endeavors to help them make a profit over the long term, even if they don’t receive or pay interest.

: The Islamic finance market is rapidly expanding, creating novel and profitable opportunities for both new and seasoned investors.

Misconception #3: It's Complex and Inaccessible

There’s a commonly held belief that Islamic finance options, such as Shariah-compliant trading, are complex and offer limited access. However, this is no longer the case. Many options and platforms exist, such as Bybit's 

, which offers user-friendly interfaces and educational resources to simplify Shariah-compliant trading.

The following are some different aspects of Islamic finance that are becoming increasingly user-friendly and accessible.

 Islamic financial institutions now provide user-friendly products and platforms that are accessible to both new and seasoned investors. One prime example is 

, which has an intuitive and easy-to-use interface.

 Many platforms provide detailed educational resources, including tutorials, guides and FAQs. Investors can use these resources to understand the basics and concepts of Islamic finance options and Shariah-compliant trading.

 Innovations and cutting-edge solutions developed by fintech companies are making Islamic finance more accessible than ever.

Many mobile apps, online platforms and digital tools now simplify account management and transactions. These solutions can also assist with investment tracking to help traders and investors make well-informed decisions.

 There are now dedicated customer support teams with extensive knowledge and expertise in Islamic finance. These experts are always available to answer questions and concerns, and can help guide you through every investment and each phase of the Shariah-compliant trading process.

Misconception #4: It's Just About Avoiding Interest

Some investors believe that Islamic finance is all about avoiding interest (riba) and interest-bearing loans. However, this is just one of its fundamental principles. Other broader sets of rules also guide Islamic finance. Notably, it also prohibits excessive uncertainty (gharar) and gambling (maysir). These principles help mitigate excessive risk and ensure that an investment is ethical, responsible and reasonable.

: One of the core principles in Islamic finance is that of prohibiting interest in order to promote fairness and prevent exploitation.

 refers to excessive uncertainty or complication in financial transactions, as Islamic finance demands transparency and clarity. Proscribing gharar ensures that all interested parties understand the risks and rewards of an investment. It also prevents deceptive practices, and ensures that investors are making well-informed decisions before they proceed.

: Maysir involves all kinds of gambling, whereby gains depend entirely upon chance. As such, one party's win will result in another's loss. Islamic finance bans such speculative activities, as they encourage irresponsible behavior and promote financial instability.

: Bybit's Islamic Account follows all core principles of Islamic finance, going beyond simply avoiding riba. This ensures that the products and services being provided remain ethically sound, and are in compliance with Shariah law.

: Bybit provides transparent and clear information about its products, fees and operations. This commitment helps users make well-informed decisions about their investment options.

Islamic finance is a comprehensive system that goes beyond merely avoiding interest rates. Adhering to the proscriptions regarding riba, gharar and maysir help to promote an ethical and responsible investment structure that benefits individuals and society.

Bybit's Islamic Account demonstrates this dedication, offering a Shariah-compliant trading platform that upholds the values of fairness, transparency and social responsibility.

Misconception #5: Limited Investment Options

Contrary to popular belief, Shariah-compliant trading includes several allowable investments, such as equities, sukuk (Islamic bonds) and various commodities. Although conventional bonds and derivatives are prohibited (due to interest rates and excess speculation), it’s a misconception that Islamic Finance offers limited options.

The Breadth of Shariah-Compliant Investments

: Under Islamic finance, people are allowed to invest in the stocks of Shariah-compliant companies. This creates many potential investment opportunities across various markets and sectors. Companies are properly screened to ensure that they follow Islamic principles, such as avoiding excessive debt, alcohol or gambling products.

: Sukuk is a crucial aspect of Islamic finance. The term is used to describe securities with underlying assets that comply with Shariah law. Essentially, a sukuk offers a fixed-income alternative to a conventional bond. Some diverse types of sukuk that are available include the following.

: Islamic finance institutions allow people to invest in various commodities, such as gold, oil, silver and agricultural or other physical assets. However, these financial transactions must comply with the principles of Shariah law. Commodities investments must be delivered immediately, and eschew excessive speculation.

: Investing in residential, commercial or industrial real estate projects is also permissible under Islamic finance. Individuals seeking Shariah-compliant property investments can apply for Islamic mortgages and financing options.

: Investors can also take advantage of different Islamic mutual funds and investment funds, which allows them to assess Shariah-compliant assets. As such, investors can enjoy a wide selection of investments under professional management.

: Bybit's Islamic Account offers various Shariah-compliant products to help investors diversify their investments. These include the Spot Grid Bot, DCA Bot and Spot trading. Bybit is committed to expanding its products and solutions to provide more investment choices for those seeking Shariah-compliant trading and other investment opportunities.

: Users can also easily access Bybit's platform and invest in different Shariah-compliant assets. This availability further dismantles the false assumption that investors have limited Shariah-compliant options.

Islamic finance is a dynamic and evolving field. This sector continuously adapts to modern financial institutions. Many adherents are developing innovative solutions, products and services to meet an evolving market's diverse demands and needs.

: Islamic finance and the Islamic banking sector is constantly creating new products and solutions to cater to the growing demand of investors seeking Shariah-compliant investment options. There are now various opportunities in areas like investment, banking, insurance (takaful) and wealth management.

: Fintech is driving the advancements in Islamic finance, and has helped develop various solutions, such as mobile banking apps, online trading platforms, digital payment solutions and blockchain-based applications. Anyone seeking Islamic Shariah trading can easily use these mobile apps and web solutions. 

: Islamic scholars and finance experts endeavor to develop cutting-edge financial instruments that are compliant with Shariah principles and attractive to modern investors. For instance, a sukuk can be used to finance infrastructure projects, green energy initiatives and social impact ventures.

: Islamic finance is finding various ways to adapt to global trends, such as sustainable, socially responsible impact investing. There are now Shariah-compliant green bonds, ethical funds and microfinance initiatives to meet these emerging global markets.

: Experts are also exploring the possibility of 

 and cryptocurrencies within the nuances of Islamic finance. A good example is the development of Shariah-compliant crypto exchanges and investment platforms, such as Bybit's Islamic Account.

 Bybit's Islamic Account is an excellent example of innovation in Islamic finance. It offers a platform for Shariah-compliant cryptocurrency trading, the first of its kind in the world.

: Bybit offers innovative and user-friendly trading tools and features, such as the 

. These solutions are designed to be Shariah-compliant, and to cater to the needs of professional traders.

Bybit continually invests in cutting-edge technologies to improve its platform so that users can consistently enjoy a hassle-free and secure trading experience.

Misconception #7: Stricter Regulations Hinder Growth

Shariah compliance requires adherence to specific guidelines that are designed to promote stability and mitigate risks. By ensuring that financial activities align with ethical principles, Islamic finance encourages a more secure and transparent investing option. These guidelines build investor confidence because Shariah-compliant investors manage investments responsibly and ethically.

Moreover, emphasizing risk-sharing and avoiding speculative practices helps create a more resilient financial system. Investments tied to actual economic activities and tangible assets are more likely to see sustainable, long-term growth. This approach benefits individual investors and contributes to the overall growth and stability of financial markets.

Misconception #8: It's Primarily for the Wealthy

Many individuals believe that Islamic finance is only for wealthy investors. However, this is simply not true. Islamic finance aims for inclusivity, and a Shariah-compliant system offers solutions for different individuals based on their financial capacities. There are numerous microfinance initiatives and accessible investment platforms available for these investors.

: Islamic finance emphasizes equitable access to financial services, empowering people from all socioeconomic backgrounds.

: The Islamic banking sector and institutions are crucial in providing small, interest-free loans and financial services to entrepreneurs and low-income individuals who may not have access to traditional banking systems or Islamic banking assets.

: Many Islamic financial institutions offer flexible investment products with low minimum investment requirements, making them accessible to individuals with limited capital.

: Islamic endowments (waqfs) are charitable trust funds dedicated to social welfare projects, education, healthcare and community development. This donated managed-asset mechanism helps distribute wealth and resources to those in need, promoting social justice and economic equality.

: Zakat, one of the five pillars of Islam, mandates that Muslims who meet criteria for a minimum amount of wealth donate 2.5% of it to charity. Zakat ensures that wealth is circulated or distributed within the community, and supports individuals and families that are less fortunate.

: Bybit's Islamic Account features low minimum deposit requirements, and offers competitive trading fees that make it accessible to users at all levels.

: Bybit provides educational resources for investors of all levels, from beginners to seasoned traders. These resources empower individuals with the knowledge and tools to make informed trading and investment decisions.

: Bybit's platform is user-friendly and accessible to everyone. The easy-to-use features ensure that individuals from all backgrounds can easily navigate the platform and participate in Shariah-compliant trading.

Islamic finance is a robust system that prioritizes ethical principles, extending beyond simply avoiding interest or being exclusive to Muslims or wealthy people. This system of finance has begun to appeal to many new and seasoned investors because of its shared values, ethical finance principles and avoidance of harmful industries. It also emphasizes risk-sharing and concrete economic activities, and offers diverse investment opportunities, including sukuk bonds, Islamic Shariah trading and ethical funds. 

Individuals can make better informed decisions about their financial well-being by challenging false misconceptions and notions about Islamic finance. Islamic Shariah trading offers a path toward ethical and responsible investing, and aligns financial goals with fairness, transparency and social responsibility.

Bybit endeavors to become the first-of-its-kind, Shariah-compliant crypto exchange, with plans to provide more advanced tools and features to help users explore Shariah-compliant trading and better manage their investments.

Disclaimer: Due to varying opinions on Shariah compliance of crypto trading, we recommend you to conduct your own further research. Please note that the posts on Bybit Learn should not be considered as fatwa. Our aim is to present information on different topics to empower readers to make informed decisions.

Debunking Myths: 8 Common Misconceptions About Islamic Shariah Trading

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