Bybit Acquires Pioneer Virtual Asset Licensing in UAE from SCA

Bybit Secures First Virtual Asset Operator License in UAE

DUBAI, UAE — October 9, 2025 — In a groundbreaking step for the cryptocurrency ecosystem, Bybit has officially announced that it has secured the first-ever Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) in the United Arab Emirates (UAE). This historic achievement positions Bybit as a leading player in the UAE's ambitious vision to become a global hub for digital assets.

The licensing allows Bybit to align its extensive portfolio of global products and services with regulatory frameworks, ensuring compliance and operational integrity, thus reinforcing user confidence. As the first cryptocurrency exchange to obtain this comprehensive license from the SCA, Bybit is setting a precedent in compliance standards that resonate not just within the UAE but on a global scale.

Since receiving its In-Principle Approval (IPA) from the SCA in February 2025, with critical support from the Blockchain Centre in Abu Dhabi, Bybit has worked diligently to navigate the robust regulatory landscape. This full license is a testament to the trust placed by the regulator in Bybit’s security infrastructure, operational transparency, and adherence to compliance regulations.

The timing of this achievement closely follows several key regulatory milestones for Bybit in 2025, which includes securing the MiCAR license in May and resuming full trading activities in India as of September. Bybit continues to expand its global footprint under a compliance-first strategy across major jurisdictions.

Ben Zhou, Co-Founder and CEO of Bybit, stated, "Receiving the full Virtual Asset Platform Operator License from the SCA exemplifies Bybit's unwavering commitment to building trust through compliance and transparency. The UAE has emerged as a world leader in regulating digital assets, and this acknowledgment highlights the strength of our security and governance standards."

As Bybit continues to view regulatory frameworks as the cornerstone of sustainable growth, this license marks a significant advancement in its global regulatory roadmap — spanning regions from MiCAR in Europe to India and now to the UAE.

In further remarks, Helen Liu, Co-CEO of Bybit, emphasized gratitude toward the Securities and Commodities Authority for their trust and support throughout the licensing process. "The clear, robust, and well-structured regulatory framework set by the SCA provides a solid foundation for global exchanges like Bybit to operate with confidence and clarity. We look forward to deepening our collaboration and bringing more resources, products, and expertise to the UAE market."

Future Plans in the UAE

With the new Virtual Asset Platform Operator License from the SCA, Bybit aims to offer regulated trading in virtual assets, brokerage, custody, and fiat conversion services to individual and institutional clients in the UAE. The exchange plans to expand its local presence significantly, establishing a larger regional operational center in Abu Dhabi. More than 500 employees will be hired across Abu Dhabi and Dubai to enhance compliance, operations, and customer service. Additionally, Bybit plans to collaborate with local partners to introduce innovative education and Web3 programs.

Bybit's ongoing investment in technology, talent, and infrastructure reinforces its long-term commitment to supporting the UAE's ambition of becoming a global hub for digital assets and financial innovation. As Bybit continues to shape the future of finance, it remains dedicated to delivering a secure and efficient ecosystem for its users worldwide.

Ultimately, this milestone for Bybit not only enhances its operational capabilities but also symbolizes a broader commitment to fostering trust, transparency, and innovation within the digital asset landscape. As cryptocurrency regulation evolves globally, Bybit stands at the forefront, ready to redefine the standards of compliance and service excellence in the rapidly changing world of digital finance.