Bybit Obtains Dubai VARA Trading Service License

Bybit Fintech FZE has obtained regulatory approval to conduct spot trading; the company stated that it will continue to strengthen compliance and support the development of Dubai's digital asset ecosystem.

Dubai, United Arab Emirates, October 22nd / PRNewswire / -- Bybit This "new financial platform" that claims to be trusted by over 80 million users worldwide announced today that it has obtained a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (DVRA) for its trading services, covering spot transactions.

This license marks an important milestone in Bybit's business in Dubai. The company established its international headquarters in Dubai in 2022. Bybit indicates that this also supports its continued development within the existing regulatory framework and contributes to the growth of Dubai's digital asset industry.

Bybit, Co-Founder and CEO, Ben Zhou stated: "Dubai has made significant progress in establishing a regulatory environment for virtual assets, and we are delighted to take the next step here. We look forward to continuing our work in Dubai, supporting the local digital asset community, and developing our business in accordance with the standards set by VARA."

Focusing on long-term development

Bybit, Chief Legal and Compliance Officer, stated: "Obtaining this license is an important step for Bybit. We highly respect the work VARA has done in establishing a clear and robust framework for virtual assets. A healthy digital asset market requires strong regulation, sound risk management, and a commitment to protecting users. We look forward to continuing to cooperate with VARA as our business grows in Dubai. In the future, we also hope to expand our licensed operations to derivatives with the necessary regulatory approvals. Derivatives are an important part of Bybit's global trading business, and we aim to bring more products to Dubai through appropriate regulatory processes."

For Bybit, this license is part of its broader efforts to build business in various markets in accordance with local requirements. The company continues to invest in compliance, security, and risk management, while developing products and services for users in different jurisdictions.

This progress in Dubai occurs against the backdrop of broader regulatory advancements in Bybit 2026. Ben Zhou mentioned in its October keynote speech that Bybit obtained five new licenses and regulatory approvals in 2026 from the European Union, the Cayman Islands, Indonesia, South Africa, and El Salvador.

These advancements reflect Bybit's continued focus on collaborating with regulatory authorities and striving for appropriate permits during its international expansion. The company believes that stable regulatory relationships and services that comply with local regulations are crucial for building long-term trust with users and market participants.

Support for Dubai's digital asset ecosystem

Since establishing its international headquarters in Dubai in 2022, Bybit has participated in the continuously developing blockchain and Web3 ecosystem of that emirate through industry exchanges, partnerships, and various initiatives that support knowledge sharing and collaboration.

Dubai's regulatory framework and international influence have made it a key market for the sustainable development of digital assets. Bybit indicates that efforts will continue to be made to deepen engagement with Dubai on the existing basis, cooperate with relevant stakeholders, and advance service development in accordance with applicable regulatory requirements.

# Bybit / # NewFinancialPlatform

About Bybit

Bybit is a "new financial platform".

The company believes that everyone should have access to every financial opportunity on Earth. Therefore, the company is building the first intelligent platform to connect anyone, anywhere, with global finance.

Bybit is trusted by over 80 million users worldwide, integrating investment, trading, payments, and wealth accumulation into a secure and intelligent ecosystem. By combining artificial intelligence technology, deep global liquidity, strong security, and transparent operations, Bybit makes global finance more accessible, more efficient, and more empowering for everyone.

Built for everyone, driven by intelligence, and open to the world.

For more information, please visit Bybit.com.

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