Bybit becomes first exchange to receive full Virtual Asset Platform Operator license in UAE
Regulatory progress and tailored innovations drive the UAE’s global ambitions in digital assets and support broader adoption in emerging markets.
Key Takeaways
- Bybit is now the first fully licensed crypto exchange under the UAE’s Securities and Commodities Authority framework.
- The license allows Bybit to offer regulated trading, brokerage, custody, and fiat conversion services to both retail and institutional clients across the UAE.
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Bybit, one of the world’s largest crypto exchanges, has become the first exchange to receive a full Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority, marking a major regulatory milestone in the nation’s push to become a global digital asset hub.
The achievement follows Bybit’s provisional approval from the Virtual Assets Regulatory Authority in Dubai.
The UAE has actively courted crypto businesses as part of its regulatory framework development. BitGo received licenses for crypto custody and brokerage services, demonstrating the country’s strategy to attract institutional players to its digital assets ecosystem.
Bybit recently upgraded its educational platform with simplified access to crypto learning resources, supporting broader adoption efforts in emerging markets where regulatory clarity is developing.
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