Regulation· ★★★· bullish·

Bybit's Dubai entity secures VARA VASP license for spot trading

  • —The VASP license covers spot crypto trading (exchange services)
  • —Bybit established its international headquarters in Dubai in 2022
  • —The company received VARA's initial approval (IPA) in August 2024
  • —Bybit plans to apply for a license extension to derivatives trading
Why it matters: Full UAE licensing strengthens Bybit's legal standing in the Middle East and paves the way for regulated derivatives under VARA oversight.
Source: PANews
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