Bybit Secures VARA License to Enhance Exchange Services in Dubai's Fintech Landscape

Bybit Receives VARA License for Exchange Services in Dubai

Bybit, the innovative financial platform trusted by over 80 million users globally, has made a significant announcement: Bybit Fintech FZE has officially secured a license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This pivotal license allows Bybit to provide exchange services for virtual assets, including spot trading.

This licensing achievement represents a major milestone for Bybit within Dubai's rapidly evolving financial ecosystem, where the company established its international headquarters in 2022. It underscores Bybit's dedication to complying with regulatory frameworks, thus contributing significantly to the growth of digital asset infrastructure in Dubai.

"Dubai has made remarkable strides in creating a regulatory environment for virtual assets, and we are thrilled to take this next step in our progression in the region," remarked Ben Zhou, Co-founder and CEO of Bybit. He further emphasized that Bybit is committed to supporting the local digital asset community while expanding its operations in alignment with VARA guidelines.

The licensing is a testament to Bybit's long-term vision for achieving success in Dubai and beyond. According to Peter Loo, Chief Legal and Compliance Officer at Bybit, the approval is a major leap forward for their operations. Loo elaborated, "We deeply respect VARA's efforts to establish a transparent and robust regulatory framework for virtual assets. A healthy market for digital assets relies on strong oversight, solid risk management, and a commitment to user protection. We look forward to continuing our partnership with VARA as we expand our business in Dubai.

In addition, Bybit is keen on potentially extending its licensed activities to include derivatives, contingent on obtaining the necessary regulatory approvals. Derivatives play a crucial role in Bybit's global trading operations, and the firm is eager to enhance its offerings through the proper regulatory process in Dubai.

This VARA license aligns with Bybit's broader commitment to ensure compliant growth across all operational markets. The company is focused on investing in compliance, security, and risk management while developing products and services that cater to users across various jurisdictions.

In 2026 alone, Bybit celebrated several notable regulatory achievements, with Ben highlighting five newly acquired licenses and approvals across the European Union, the Cayman Islands, Indonesia, South Africa, and El Salvador. These advancements reflect Bybit's consistent efforts to collaborate with regulators and secure necessary permissions amid its international expansion.

Bybit believes that fostering close relationships with regulatory bodies and delivering services compliant with local regulations are instrumental in building sustained trust among users and market participants.

Supporting Dubai's Digital Asset Ecosystem

Since establishing its international headquarters in Dubai, Bybit has actively engaged with the growing blockchain and Web3 ecosystem in the Emirate through industry initiatives, partnerships, and projects promoting knowledge sharing and collaboration.

The regulatory framework in Dubai, coupled with its international reach, positions the city as a key market for the ongoing advancement of digital assets. Bybit aims to enhance its presence in the Emirate, work alongside relevant stakeholders, and further develop its services in accordance with existing regulatory guidelines.

About Bybit

Bybit is a revolutionary financial platform that believes in providing accessible global financial opportunities for everyone. Bybit is committed to facilitating global financial interactions through an intelligent platform that connects individuals across the world with financial markets. With the trust of over 80 million users, Bybit integrates investment, trading, payment solutions, and wealth generation within a secure and sophisticated ecosystem. By combining AI-driven technology, substantial global liquidity, robust security measures, and transparent operations, Bybit strives to make the global financial landscape more accessible, efficient, and constructive for all.

For more information about Bybit, visit Bybit.com.
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