Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 10 sources · 3 days · First seen 5 days ago · Last updated 2 days ago

Bybit regulatory licensing in Dubai

Overview

Bybit Fintech FZE has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services. This license specifically covers spot trading of virtual assets and allows the company’s local entity to serve retail, qualified, and institutional investors within the emirate.

The new authorization replaces a previous in-principle approval that did not permit the company to serve customers within Dubai. While the license enables spot trading, it currently excludes cryptocurrency derivatives. Bybit has expressed intentions to seek further regulatory approval for derivatives services in the future. Before trading officially begins, the company must complete VARA’s launch process and satisfy specific operational requirements.

Entities

Ben Zhou · Virtual Assets Regulatory Authority · Dubai · Bybit · Peter Loo

Timeline

2 days ago

[BUSINESS] 2 sources
Bybit secures Dubai license for spot trading
Bybit has obtained a VASP license from Dubai’s VARA, allowing its local entity to offer spot trading for virtual assets, though derivatives remain subject to further regulatory approval.
5 days ago

[BUSINESS] 8 sources
Bybit secures VARA spot trading licence in Dubai
Cryptocurrency exchange Bybit has secured a VARA licence in Dubai for spot trading, enabling its local entity to serve retail and institutional investors.

Sources

adnKronos.com · blockchainseoul.kr · blockonomi.com · coincu.com · criptotendencia.com · crypto.news · onlinemediacafe.com · revistaprevenir.com.br · themarketperiodical.com · unchainedcrypto.com