Bybit Lands Active Dubai Spot License Two Years After Provisional Nod

Dubai’s crypto regulator now lists an active license for the exchange’s local entity. In 2024, its register showed a pending license of the same type under a different reference number. Bybit Fintech FZE , the crypto exchange’s Dubai entity, has secured a Virtual Asset Service Provider (VASP) license for exchange services from the emirate’s Virtual Assets Regulatory Authority (VARA) , Bybit announced on Thursday. The license covers spot trading only. VARA’s public register now shows the license with the status Active , permitting Bybit to serve retail, qualified and institutional investors.