Bybit said its Dubai entity, Bybit Fintech FZE, received a license from Dubai’s Virtual Assets Regulatory Authority for exchange services, including spot trading. VARA’s public register lists the license as active for services to retail, qualified and institutional investors. A Bybit spokesperson said the earlier in-principle approval did not permit the entity to serve Dubai customers, and the company must still complete VARA’s launch process and meet operational requirements before starting spot trading. Bybit gave no launch date.
Bybit also received a license from the United Arab Emirates’ federal regulator in October 2025, but its service restrictions exclude Dubai from the areas served by that licensed entity. The spokesperson declined to say how the two approvals differ or whether the earlier federal license permitted services in Dubai.
