Bybit Secures License to Operate as First Regulated Crypto Exchange in UAE

Bybit has officially obtained a license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking its entry as the first licensed crypto exchange within the UAE. This significant move fortifies trust and accessibility of digital assets within the Middle East. Bybit’s license enables the platform to offer a full range of virtual asset services, including spot trading, fiat deposits and withdrawals, and custody, all operating under strict regulatory oversight. 🌍