Bybit Secures Full License in the UAE in Global Expansion Move

Bybit has secured a full Virtual Asset Platform Operator License from the UAE Securities and Commodities Authority (SCA). This makes it the first crypto exchange to receive full approval under the country’s new regulatory framework.

Bybit Gets Full Approval to Operate in the UAE

The new license gives Bybit full authorization to operate across the UAE, and supports the country’s plan to become a major global center for digital assets. The exchange can now provide a wide range of services. This includes trading, brokerage, custody, and fiat conversion for both retail and institutional clients.

This approval follows Bybit’s earlier provisional license from Dubai’s Virtual Assets Regulatory Authority (VARA). With the full license now in effect, Bybit can expand its operations without the limitations that typically come with provisional approvals.

Bybit’s recent approval in the United Arab Emirates (UAE) highlights its strong commitment to following global regulatory standards. The crypto exchange continues to grow its international presence while meeting the requirements set by financial authorities in key regions.

In addition to its success in the UAE, Bybit also achieved another major milestone earlier this year. In May, the company secured a Markets in Crypto-Assets Regulation (MiCA) license from Austria’s Financial Market Authority (FMA).

UAE’s Growing Role in the Crypto Industry

The UAE is becoming one of the most welcoming places for crypto and blockchain companies. The government has created clear rules to support safe and responsible growth in the digital asset market. Bybit’s approval adds to the list of other licensed firms, such as BitGo and Zand, that offer crypto custody and brokerage services in the country.

These steps show that the UAE is serious about supporting innovation while keeping strong regulations in place. The UAE’s goal is to build a clear and reliable regulatory system that makes it easy for both local and international crypto businesses to operate. 

Bybit’s license helps achieve that goal, proving that the UAE is becoming a regional leader in crypto regulation. The clear rules also attract investors who want to do business in a well-regulated and stable environment.

Bybit’s Focus on Crypto Education

Beyond regulation success, Bybit is also investing in crypto education and awareness. The company has upgraded its educational resources to make learning about digital assets easier and more accessible. This is important especially for users in developing markets where crypto regulations are still developing.

Through its learning platform, Bybit makes it simpler for people to understand how crypto works, promoting responsible use and greater adoption across different regions.

In addition to these efforts, Bybit recently expanded into the decentralized finance (DeFi) space with the launch of Byreal, its new decentralized exchange (DEX). This new exchange is aimed at giving users more control and flexibility in the crypto ecosystem.