The cryptocurrency exchange Bybit has received a Virtual Asset Service Provider (VASP) license from the UAE’s Securities and Commodities Authority (SCA). This is the first full authorization issued by the regulator to a crypto trading platform.
According to the document, the platform is now officially permitted to provide services related to digital asset trading, brokerage, custody, and fiat conversion. The license applies to clients of all categories – from individual users to financial institutions operating in the country.
Back in February 2025, the exchange received preliminary approval from the SCA in cooperation with The Blockchain Centre in Abu Dhabi. The transition from provisional approval to full licensing effectively confirms the regulator’s trust in Bybit’s infrastructure and compliance systems.
The company noted that 2025 has been a milestone year for the platform: in the spring, Bybit obtained a European MiCAR license, and in September, it resumed operations in the Indian market. These developments align with the exchange’s global expansion strategy focused on meeting local regulatory standards.
Bybit CEO and co-founder Ben Zhou called the SCA’s decision an important step in strengthening trust in the industry. He emphasized that regulated operations in the Emirates reflect the company’s commitment to long-term and secure growth.
The company also confirmed plans to open a major regional office in Abu Dhabi. Recruitment will soon begin there and in Dubai, with total staff expected to exceed 500 employees.
In addition to operational activities, Bybit plans to launch educational and research programs in the Web3 sector in partnership with local organizations.
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