Regulation· ★★★· bullish·

Bybit Secures Dubai VARA Licence for Spot Crypto Exchange Services

  • —The VARA licence covers only spot exchange services for Bybit Fintech FZE
  • —Launching derivatives will require a separate regulatory approval
  • —Bybit reports a global user base of more than 80 million
  • —Bybit established its international headquarters in Dubai in 2022
Why it matters: The licence strengthens Bybit's regulated footing in the Middle East and can open doors to banking and institutional partners in the UAE.
Source: NewsBTC
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