In a significant move that reinforces the nation’s position as a global digital asset hub, the United Arab Emirates’ Securities and Commodities Authority (SCA) has granted Bybit its first-ever full Virtual Asset Platform Operator License. The world’s second-largest cryptocurrency exchange by trading volume is now fully licensed to offer its complete suite of products and services, including virtual asset trading, brokerage, custody, and fiat conversion, to both retail and institutional clients across the UAE.
A Regulatory Milestone for the UAE
This landmark decision makes Bybit the first crypto exchange to receive this comprehensive license from the SCA, marking a pivotal moment in the country’s regulatory evolution. The approval follows an In-Principle Approval (IPA) granted to Bybit in February 2025 and signals the regulator’s confidence in the exchange’s security infrastructure, operational transparency, and stringent compliance standards. The SCA’s well-defined and robust regulatory framework has been instrumental in attracting major global players seeking to operate with clarity and confidence.
Ben Zhou, Co-founder and CEO of Bybit, commented on the achievement, stating, “Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to building trust through compliance and transparency. The UAE has emerged as a global leader in digital asset regulation, and this recognition underscores the strength of our security and governance standards.”
Bybit’s Compliance-First Global Strategy
The UAE license is the latest in a series of key regulatory achievements for Bybit in 2025, underscoring its global strategy of prioritizing compliance in key jurisdictions. This includes securing its Markets in Crypto-Assets (MiCAR) license in Europe in May and resuming full trading operations in India in September. This consistent approach demonstrates the exchange’s commitment to adhering to high standards and fostering a secure and responsible digital asset ecosystem.
“We see regulation as the foundation for sustainable growth,” Zhou added. “This milestone marks another step forward in our global regulatory roadmap… as we continue to set new benchmarks for a secure and responsible digital asset ecosystem.”
Expanding Operations in the Emirates
With the full license secured, Bybit is set to significantly expand its footprint in the UAE. The company plans to establish a larger regional operations center in Abu Dhabi, aiming to grow its local team to over 500 employees across Abu Dhabi and Dubai. This expansion will focus on accelerating local hiring in compliance, operations, and customer service. Furthermore, Bybit intends to launch new educational and Web3 innovation programs in collaboration with local partners, reaffirming its long-term investment in supporting the UAE’s ambition to be a leader in financial innovation.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3.
Source: Zawya
