Bybit Secures UAE Virtual Asset License

Bybit Becomes First Fully Licensed Crypto Exchange in UAE

• Bybit is the first crypto exchange to receive a full Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority.
• The license allows Bybit to offer regulated trading, brokerage, custody, and fiat conversion services across the UAE.
• This milestone follows Bybit’s provisional approval from the Virtual Assets Regulatory Authority in Dubai.
• The UAE aims to become a global digital asset hub by actively courting crypto businesses through regulatory developments.
• BitGo has also received licenses for crypto custody and brokerage services in the UAE.

Bybit has achieved a significant regulatory milestone by becoming the first fully licensed crypto exchange under the UAE’s framework, enhancing its service offerings in trading and brokerage. This development aligns with the UAE’s strategy to attract institutional players to its digital assets ecosystem.