Bybit Wins UAE’s First Virtual Asset Platform Operator License

Bybit, a leading global cryptocurrency exchange, has received the first Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). This historic milestone marks Bybit as the first crypto exchange to obtain this license in the UAE, signifying its commitment to becoming a global digital asset hub. The full licensing signifies Bybit’s compliance with robust international regulations and establishes their confidence within the market.