Bybit has secured a full Virtual Asset Platform Operator license in the United Arab Emirates (UAE), marking a significant milestone for the crypto exchange. This move gives Bybit a major competitive advantage in one of the world’s most promising crypto markets and opens up new opportunities in the region. 🎧 The company is also expanding its presence in the Middle East with a regional hub in Abu Dhabi, aiming to hire more than 500 people. 📈 The newly granted license allows Bybit to operate across the UAE, offering them greater reach compared to competitors who have licenses in specific free zones. 🌎 Bybit joins other exchanges, like Binance, in securing licenses, but this is a landmark step as it signifies a commitment to operating under established regulatory frameworks globally. Bybit’s expansion strategy goes beyond obtaining licenses; it’s actively building trust and fostering responsible practices. $PEPENODE, a new mine-to-earn meme coin, is another part of Bybit’s broader expansion strategy. This novel concept allows users to earn rewards through virtual mining, offering a gamified approach to cryptocurrency participation.