Bybit Receives UAE’s First Virtual Asset Platform Operator License
Bybit has obtained the UAE’s first Virtual Asset Platform Operator License. The license was granted by the Securities and Commodities Authority (SCA). This makes Bybit the only fully licensed crypto exchange operating in the Emirates.
The approval allows Bybit to legally offer virtual asset trading, brokerage, custody, and fiat conversion services. These services are available to both retail and institutional clients under the UAE’s regulatory framework. This move supports the UAE’s goal to become a global hub for digital assets and Web3 finance.
Bybit CEO Ben Zhou said the license is “a testament to our commitment to compliance and transparency.” He added that the UAE’s regulatory approach “sets a model for how digital asset oversight should work.”
Co-CEO Helen Liu praised the SCA’s clear regulations. She said Bybit plans to expand its regional presence by hiring over 500 employees in Abu Dhabi and Dubai. The company also aims to grow Web3 education and strengthen local partnerships.
Bybit’s Global Compliance Efforts in 2025
The UAE license follows other regulatory achievements for Bybit in 2025. These include obtaining a MiCAR license in Europe and resuming full operations in India.
In India, Bybit paid a $1.06 million fine to the Financial Intelligence Unit (FIU). It also re-registered under the Prevention of Money Laundering Act (PMLA). This allowed Bybit to restore trading services for Indian users in September.
CEO Ben Zhou called the India approval “a new chapter” for Bybit. He emphasized the company’s goal to rebuild trust and expand responsibly in Asia.
Bybit’s Strategy Focuses on Regulatory Compliance
Bybit’s approvals in the UAE and India show its focus on regulatory compliance. While some exchanges pull back amid stricter rules, Bybit is working closely with national regulators. This strategy aims to secure long-term operating certainty and build a competitive advantage.
