Bybit secures the first crypto exchange license by the UAE’s SCA, unlocking full regulatory approval and expanding compliant digital asset services regionwide.
Bybit has achieved a significant regulatory first in the Middle East. The crypto exchange obtained a Virtual Asset Platform Operator license. This license has been issued by the UAE Securities and Commodities Authority (SCA). This makes Bybit the first exchange to be given this full regulatory approval. It is a historic milestone for the national ambition for digital assets.
The exchange for the license was officially secured from the SCA. This licensing incorporates the full range of Bybit’s products throughout the world into compliance. This is a symbolic milestone that assures users of high standards. It shows the exchange’s commitment to quality and service. This is down to strict adherence to compliance frameworks around the world. It is also a good example of a long-term strategy of local commitment.
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The process of seeking full approval started earlier in the year. Bybit initially got its In-Principle Approval (IPA) in February 2025. This was achieved with the help of the Blockchain Centre, Abu Dhabi. The organization helped Bybit through the SCA’s robust framework. The full license demonstrates trust in the security infrastructure of Bybit. It validates sound operational transparency and governance.
The SCA license gives Bybit a lot of permissions. The exchange is now able to provide regulated virtual asset trading. It can also offer brokerage services and custody services. Furthermore, fiat conversion service is now allowed. These services are available for retail and institutional clients. This expansion is across the entire UAE market.
Ben Zhou, Co-founder and CEO of Bybit commented on the news. He called the license a testament to Bybit’s unremitting commitment. It proves that the exchange builds trust through compliance and transparency. He pointed out the UAE became a world leader in regulating and digital assets. This SCA recognition indicates the strength of their security.
This accomplishment succeeds a series of other global milestones for 2025. Bybit has secured its all crucial MiCAR license in May. The exchange also resumed trading operations in India on a full scale in September. This continuous expansion is based on a compliance-first roadmap. The strategy wants to hit some key global jurisdictions on purpose. The objective is to create local legitimacy everywhere.
The exchange will greatly expand its local footprint. It will have a broader regional operations center in Abu Dhabi. This center will be able to deal with regional growth effectively. The exchange projects employ more than 500 people throughout Abu Dhabi and Dubai. Local hiring will speed up in a number of important areas. These areas include compliance, operations and customer service.
Bybit will also implement new community programs. These include new educational and Web3 innovation efforts. The development of the programs will work closely with local partners. This outreach is a way to support the UAE’s vision for technological growth.
The full SCA license solidifies the position of Bybit in the Middle East. This milestone is at the heart of its long-term global strategy. The move demonstrates a lot of faith in the clarity of regulation in the region. It sets up a bank-grade standard for crypto platforms.
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