- Bybit becomes the first exchange to receive the UAE’s full Virtual Asset Platform Operator License.
- The exchange plans to expand its Abu Dhabi base with over 500 employees.
- The move aligns with the UAE’s ambition to become a global hub for digital assets.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially secured the full Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates.
This marks a major milestone for both Bybit and the UAE, as it becomes the first crypto exchange to receive such authorization under the SCA’s framework.
This new license enables Bybit to bring its complete suite of global products and services into full compliance within the country. The achievement represents not only regulatory recognition but also reflects Bybit’s ongoing efforts to strengthen its trust and transparency in global markets.
Co-founder and CEO Ben Zhou emphasized that the UAE’s clear regulatory direction and commitment to innovation have set a strong foundation for responsible crypto growth. The license confirms the SCA’s confidence in the exchange’s security and governance systems, which meet high international standards.
Strengthening Compliance and Expanding Presence
The exchange’s journey toward this achievement began in February 2025 when it received its In-Principle Approval from the SCA. Supported by the Blockchain Centre in Abu Dhabi, the company worked through a robust evaluation process to meet every compliance requirement.
The full license now allows the exchange to legally offer regulated trading, brokerage, custody, and fiat conversion services to both retail and institutional clients in the UAE. It also reflects the exchange’s broader strategy to align its global operations with evolving local regulations.
This milestone follows a strong regulatory year for Bybit. The exchange secured its MiCAR license in Europe earlier in May and resumed trading operations in India in September. These developments highlight its roadmap of growing under compliance-first principles across multiple markets.
Bybit’s Future Plans in the Emirates
With the SCA’s approval secured, the exchange is preparing to significantly expand its presence in the region. The company plans to establish a larger regional operations center in Abu Dhabi, employing over 500 people across Abu Dhabi and Dubai.
This expansion includes new hiring in compliance, operations, and customer service roles. Bybit also intends to introduce educational initiatives and Web3 innovation programs through collaborations with local partners.
The move aligns with the UAE’s strategy to become a global hub for digital finance. The exchange’s investment in local talent and technology signals its commitment to the region’s growing digital economy and its vision for responsible and transparent cryptocurrency adoption.
Also Read: Bybit Strengthens Institutional Offering with Launch of BBU
