Bybit Secures VARA License for Spot Trading Services in Dubai

Bybit Fintech FZE has officially secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services, specifically covering spot trading. This milestone is significant for Bybit as it reinforces the company's commitment to regulatory compliance and the growth of Dubai's digital asset ecosystem.

Established as Bybit's international headquarters in 2022, Dubai has become a focal point for the company's expansion. Ben Zhou, Co-founder and CEO of Bybit, expressed enthusiasm about the regulatory progress in Dubai, stating, "We look forward to continuing our work in Dubai, supporting the local digital asset community and building our business in line with the standards set by VARA."

The newly acquired license is part of Bybit's broader strategy to enhance its operations globally, with five new licenses and regulatory approvals obtained in 2026 across various jurisdictions, including the European Union, Cayman Islands, Indonesia, South Africa, and El Salvador. Peter Loo, Chief Legal and Compliance Officer at Bybit, emphasized the importance of strong regulatory oversight, stating that a healthy digital asset market relies on sound risk management and user protection.

Bybit aims to expand its licensed activities to include derivatives trading, contingent upon receiving the necessary regulatory approvals. The company continues to invest in compliance and security as it develops products and services tailored to different markets.

Since its establishment in Dubai, Bybit has actively engaged with the local blockchain and Web3 ecosystem, participating in initiatives that foster collaboration and knowledge-sharing. The company is committed to building its presence in Dubai while adhering to applicable regulatory requirements.