Bybit secures VARA license for crypto exchange services in Dubai
- —License granted to local entity Bybit Fintech FZE; VARA register lists 60 licensed firms
- —Bybit's first provisional VARA license dates back to March 2022
- —Federal SCA license was secured in October 2025
- —Bybit plans to add derivatives in Dubai subject to approval
Why it matters: The license strengthens Bybit's Middle East footprint and supports its trust rebuild after the $1.5 billion hack in 2025.
Source: CoinGeek