Crypto News: Dubai Clears Bybit for Spot Trading as Derivatives Remain Off Limits

Key Insights: Crypto news: Bybit Fintech FZE secured Dubai VARA approval for spot trading, while crypto derivatives remain outside the new license. Bybit’s Dubai license covers retail, qualified, and institutional investors. VARA’s public register still showed Bybit Fintech FZE as pending Bybit Dubai license received active regulatory status as the exchange announced its spot trading authorization on October 22. Dubai’s Virtual Assets Regulatory Authority (VARA) confirmed the approval for Bybit Fintech FZE. However, the authorization excludes cryptocurrency derivatives, a central part of the company’s global business.