Bybit, the world’s second-largest crypto exchange, has made history in the UAE after the Emirates Securities and Commodities Authority granted it the first full license to operate a virtual asset platform, according to a press release issued by the company on Thursday.
This license represents an unprecedented step, making Bybit the first crypto platform to receive full regulatory recognition in the country, following the initial approval period it received in February 2025.
The license confirms the platform’s commitment to the Authority’s strict standards in the areas of cybersecurity, operational transparency, and legal compliance.
This achievement is part of a series of international successes for the platform, most notably obtaining the European Union’s MiCAR license in May 2025 and resuming full trading in India in September after settling legal proceedings and paying a $1 million fine.
The new license allows Bybit to expand its services in the UAE, including crypto trading, brokerage, and asset custody for individual and institutional clients.
The platform also plans to expand into Abu Dhabi and Dubai, boost local hiring in compliance, operations, and customer service, and launch educational programs and innovative Web 3 initiatives in partnership with local companies.
