Bybit Gets First Crypto Exchange License in UAE! Big News for Crypto Fans

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Bybit secures the first crypto exchange license by the UAE’s SCA, unlocking full regulatory approval and expanding compliant digital asset services regionwide.

Well, folks, hold onto your hats because Bybit just made history! The crypto exchange has landed a sweet deal with the UAE Securities and Commodities Authority (SCA), earning the very first Virtual Asset Platform Operator license. That’s right, the first one! Not only does this make Bybit the official go-to crypto platform in the UAE, but it also marks a turning point for the region’s ambition in the digital asset game. 🍾🚀

Bybit Licensing Unlocks Full Product Capability in UAE

The ink is dry, the deal is sealed, and Bybit now has a full license to operate, meaning all its products are good to go across the UAE. Yes, you heard that right. All of them. This is no small achievement- it’s a major win in regulatory hoops and a big shout-out to Bybit’s commitment to keeping things top-notch in compliance. In short, they’re here to stay, folks, and they’re serious about it. 🏆

Related Reading: Crypto News: BitGo Secures Key VARA License to Expand in Dubai | Live Bitcoin News

Remember back in February 2025 when Bybit first got their In-Principle Approval (IPA)? That was the moment the wheels started turning, and with a little help from the Blockchain Centre in Abu Dhabi, they jumped through the hoops to secure this full license. Now, not only is their security infrastructure looking pretty solid, but they’ve got the SCA’s stamp of approval. In other words: “Trust us, we got this.” 😎

The SCA license is a golden ticket for Bybit, allowing them to offer a wide range of services, from regulated virtual asset trading to brokerage and custody services. Oh, and let’s not forget about fiat conversion – yes, they’ve got that too. Basically, they’re all set to serve both retail and institutional clients across the entire UAE market. Talk about a win-win! 💸

Ben Zhou, the co-founder and CEO of Bybit, couldn’t be more thrilled. He called the license a “testament” to Bybit’s dedication to transparency and trust-something the crypto world could use more of, honestly. He also praised the UAE for being a “world leader” in digital asset regulation. I guess we know where the cool kids are hanging out now. 🌍

Bybit Secures Full SCA License, Cementing Middle East Leadership

This isn’t the first victory lap Bybit has taken in 2025, by the way. Just a couple of months ago, in May, Bybit grabbed the MiCAR license, and by September, they were back in India, trading like a champ. Seems like they’re not slowing down anytime soon! Their secret? A compliance-first strategy that’s laser-focused on securing key jurisdictions across the globe. Guess it’s all about making things official, right? 🌎

Oh, and they’re expanding in the UAE, big time. Bybit is setting up a shiny new regional operations center in Abu Dhabi to help manage their growing presence. With over 500 employees already in Abu Dhabi and Dubai, and more hiring on the horizon, it looks like Bybit is not just here for the crypto; they’re here for the long haul. They’re focusing on key areas like compliance, operations, and customer service-pretty standard stuff, but important nonetheless. 🏙️

They’re not stopping at just operations. Bybit is launching new community programs, including educational initiatives and Web3 innovations. These programs will work hand-in-hand with local partners to help support the UAE’s tech-driven future. Talk about giving back! 🎓

So, what does this all mean? It’s simple: Bybit has solidified its position as a leader in the Middle East, and this full SCA license just adds to the region’s rapidly-growing reputation for clear, structured regulation. If anything, this is setting the gold standard for crypto platforms, and I think we all know how hard it is to get a gold star in crypto. 🔥

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2025-10-09 22:04