Bybit Obtains Dubai VARA Cryptocurrency Trading License
Bybit Fintech FZE has been approved by regulatory authorities to conduct spot trading, which further strengthens the company's commitment to compliance and the development of Dubai's digital asset ecosystem.
Dubai, United Arab Emirates, October 23, 2026 / PRNewswire / -- Bybit reports that "New Financial Platform," used by over 80 million users worldwide, Bybit, announced that its subsidiary, Bybit Fintech FZE, has obtained a virtual asset service provider ( VASP ) license from the Dubai Virtual Assets Regulatory Authority ( VARA ), allowing it to conduct encrypted asset trading activities, including spot trading.
Bybit indicates that this license is an important milestone in its development in Dubai. The company established its international headquarters in Dubai in 2022. The company stated that this license also supports Bybit in continuing to expand its business within the existing regulatory framework and contributes to the development of Dubai's digital asset industry.
Bybit, co-founder and CEO, Ben Zhou, stated: "Dubai has made significant progress in establishing a regulatory framework for virtual assets. We are delighted to take the next step forward. We look forward to continuing our operations in Dubai, supporting the local digital asset community, and further expanding the company's business in accordance with the standards of VARA."
Focusing on long-term construction
Bybit, the Chief Legal and Compliance Officer, stated: "Obtaining this license is an important step for Bybit. We highly recognize the work VARA has done in establishing a clear and robust regulatory framework for virtual assets. A healthy digital asset market requires strict regulation, comprehensive risk management, and a commitment to protecting users. We look forward to continuing to expand our business in Dubai while also maintaining our collaboration with VARA. In the long run, if we receive the necessary approvals from regulatory authorities, we also hope to extend our licensed operations to derivatives. Derivatives are an important part of Bybit's global trading business, and we aim to bring more products to Dubai through the appropriate approval processes."
Bybit indicates that this license is part of its broader strategy to expand business in various markets according to local requirements. The company stated that while developing products and services for users in different jurisdictions, it will continue to invest in compliance, security, and risk management.
According to Bybit, this milestone in Dubai comes following its broader regulatory progress in 2026. Ben Zhou mentioned in its October keynote speech that Bybit had already obtained five new licenses and regulatory approvals in 2026 from the European Union, the Cayman Islands, Indonesia, South Africa, and El Salvador.
Bybit indicates that these advancements highlight the company's continuous focus on collaborating with regulatory authorities during its international expansion and obtaining the necessary licenses. The company believes that maintaining a good relationship with regulatory bodies and providing services that comply with local laws and regulations is key to building sustainable trust with users and market participants.
Support for Dubai's digital asset ecosystem
Bybit indicates that since establishing its international headquarters in Dubai in 2022, the company has been actively supporting the continuously developing blockchain and Web3 ecosystem of this emirate through industry participation, partnerships, and initiatives to promote knowledge exchange and collaboration.
According to Bybit, thanks to its regulatory framework and international influence, Dubai has become an important market for the further development of digital assets. The company stated that it hopes to further strengthen its presence in the emirate by cooperating with relevant stakeholders and developing its services in accordance with applicable regulations.
# Bybit / # NewFinancialPlatform
About Bybit
According to Bybit, Bybit is “The New Financial Platform”.
The company states that its philosophy is that everyone should have access to all financial opportunities around the world, and therefore it is building the first intelligent platform to enable everyone in every corner of the globe to enter the financial world.
Bybit indicates that over 80 million users worldwide are using its platform; the platform integrates investment, trading, payment, and wealth growth into a secure and intelligent ecosystem. The company claims that by combining AI drive technology, broad global liquidity, strong security, and transparent operations, Bybit is making the financial world more accessible and efficient, and offering everyone more possibilities.
Built for everyone . Driven by intelligence . Open for the world.
For more information, please visit Bybit.com.
For more information on Bybit, please visit Bybit Press.
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