Bybit has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the UAE.
The license allows Bybit to offer its full range of global products and services in compliance with UAE regulations.
It follows the firm’s receipt of In-Principle Approval (IPA) from the SCA in February, with support from the Blockchain Centre in Abu Dhabi.
The SCA’s decision reflects confidence in Bybit’s security infrastructure, operational transparency, and compliance standards. It also builds on other regulatory milestones for the company in 2025, including its MiCAR license approval in May and the resumption of full trading operations in India in September.
Ben Zhou, Co-founder and CEO of Bybit, said:
“The UAE has emerged as a global leader in digital asset regulation, and this recognition underscores the strength of our security and governance standards. At Bybit, we see regulation as the foundation for sustainable growth.”
Under the SCA license, Bybit will offer regulated virtual asset trading, brokerage, custody, and fiat conversion services to both retail and institutional clients across the UAE.
The exchange also plans to expand its regional operations centre in Abu Dhabi, increase local hiring, and introduce education and Web3 innovation initiatives in collaboration with local partners.
Featured image credit: SCA
