Bybit Secures Full VASP License From Dubai’s VARA to Offer Crypto Services in UAE

HIGHLIGHTS Bybit has secured a full VARA license to offer regulated spot cryptocurrency trading services in Dubai. Bybit plans to expand into derivatives trading, subject to regulatory approval, according to executive Peter Loo. Bybit's Dubai license follows five other regulatory approvals secured across international markets Bybit has secured a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing the cryptocurrency exchange to offer regulated spot trading services as it continues expanding its licensed operations.