Bybit has officially received a Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority (SCA).
The approval allows Bybit to operate fully under the country’s growing digital asset framework, expanding its services to users across the region. This milestone comes just eight months after Bybit obtained initial approval from the SCA.
With the new license, the exchange can now offer its international trading products in the UAE, marking another major step in its Middle East expansion and reinforcing the nation’s position as a rising hub for regulated crypto activity.
Bybit Strengthens Global and Regional Regulatory Standing
The UAE license adds to Bybit’s growing list of regulatory milestones. Earlier this year, the exchange secured operational approval in Austria and re-entered the Indian market after resolving a $1 million compliance penalty. These developments place Bybit among the few global exchanges with an active, regulated presence across three continents.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
The new approval also highlights the UAE’s advancing regulatory collaboration. In August, the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) launched a joint framework to streamline supervision and enable “licensing reciprocity,” allowing approvals from one authority to be recognized by the other.
Bybit was among the first to benefit from this system, having previously received a non-operational license from VARA, a key step that paved the way for its full authorization under the SCA.
