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Bybitthe world’s second largest cryptocurrency exchange by trading volume, announced today that it has officially obtained the Virtual asset platform operator Licensed by the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). Bybit becomes the first crypto exchange to obtain this full license from the SCA, marking a historic milestone in the nation’s vision of establishing itself as a global digital asset hub. This license enables compliance with the full capacity of Bybit’s existing global products and services.
This symbolic milestone demonstrates Bybit’s assurance to users that it is committed to high standards of quality, products and services that arise from rigorous compliance frameworks found not only in the UAE but also globally. It also demonstrates Bybit’s long-term global strategy of being locally enshrined and its commitment to bringing cryptocurrencies to local markets.
Bybit initially received its in-principle approval (IPA) from the SCA in February 2025 with the help of Blockchain CenterAbu Dhabi, in navigating SCA’s robust framework. The full license demonstrates the regulator’s confidence in Bybit’s robust security infrastructure, operational transparency and rigorous compliance standards.
This achievement follows a series of regulatory milestones for Bybit in 2025, including obtaining its MiCAR license in May and fully resuming trading operations in India in September, as the exchange continues to expand its presence under a roadmap that prioritizes compliance in key global jurisdictions.
Ben Zhou, co-founder and CEO of Bybit, said:
“Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to building trust through compliance and transparency. The UAE has become a global leader in digital asset regulation, and this recognition underlines the strength of our security and governance standards.
At Bybit, we believe that regulation is the foundation of sustainable growth. This milestone marks another step forward in our global regulatory roadmap, from MiCAR in Europe to India and now the United Arab Emirates, as we continue to set new benchmarks for a safe and responsible digital asset ecosystem.”
Helen Liu, co-CEO of Bybit, added:
“We sincerely thank the Securities and Commodities Authority for its trust and support throughout the licensing process. The SCA’s clear, robust and well-structured regulatory framework provides a solid foundation for global exchanges like Bybit to operate with confidence and clarity. This achievement would not have been possible without the SCA’s progressive approach to fostering innovation and compliance in the digital assets space. We look forward to deepening our collaboration as we bring more resources, products and expertise to the UAE market.”
Bybit’s next plan in the United Arab Emirates
Under the SCA virtual asset platform operator license, Bybit will offer regulated virtual asset trading, brokerage, custody and conversion services to retail and institutional clients in the UAE.
The exchange plans to expand its local presence by establishing a larger regional operations center in Abu Dhabi with more than 500 employees in Abu Dhabi and Dubai, accelerating local hiring in compliance, operations and customer service, and introducing new Web3 education and innovation programs in collaboration with local partners.
Bybit’s continued investment in talent, technology and infrastructure reaffirms its long-term commitment to supporting the UAE’s ambition to become a global hub for digital assets and financial innovation.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, more open and equal ecosystem for everyone. With a strong focus on Web3, Bybit strategically partners with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, allowing builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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