Dubai, UAE, October 10, 2025: Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced that it has officially obtained a Virtual Asset Platform Operator license from the UAE Securities and Commodities Authority (SCA). This makes Bybit the first cryptocurrency exchange to receive this full license from the SCA, marking a historic achievement that supports the country's vision to consolidate its position as a global digital asset hub. This license enables the company to offer its existing global products and services in full compliance with local regulatory frameworks.

This achievement reflects Bybit's commitment to supporting its users by applying the highest quality standards and providing the best products and services, based on strict compliance frameworks that comply not only with the standards and regulations in force in the UAE, but also globally. It also embodies Bybit's long-term global strategy to consolidate its leading position in the markets in which it operates and make cryptocurrency trading services accessible to users in local markets.

In February of this year, Bybit received preliminary approval from the UAE Securities and Commodities Authority (SCA) with the assistance of the Abu Dhabi Blockchain Centre, which helped the company align its operations with the SCA's stringent regulatory framework. Obtaining the full license demonstrates the regulator's confidence in Bybit's robust security infrastructure, operational transparency, and strict adherence to compliance and regulatory standards.

This achievement follows a series of regulatory milestones achieved by Bybit in 2025, including obtaining a MiCAR license from the Austrian Financial Market Authority in May and resuming full operations in India in September, as the platform continues to expand its presence within a robust compliance framework across its key markets around the world.

On this occasion, Ben Zhou, Co-Founder and CEO of Bybit, said: “Obtaining a full license as a virtual asset platform operator from the Securities and Commodities Authority is a clear demonstration of our unwavering commitment to enhancing the reliability of our operations through full compliance with local regulations and applying the highest standards of transparency. The UAE is undoubtedly a global leader in digital asset legislation and regulations, and this achievement further underscores the strength of our security standards and strict governance frameworks.”

He added, "At Bybit, we believe that ambitious regulations and legislation are key pillars of sustainable growth. This achievement marks another step in strengthening our regulatory compliance around the world, from obtaining the MiCAR license in Europe to resuming operations in India, where we continue to set new standards for a responsible digital asset ecosystem that provides a highly secure trading and investment environment."

Helen Liu, Co-CEO of Bybit, said: "We are very grateful to the Securities and Commodities Authority for their trust and continuous support throughout our licensing process. The clear, ambitious, and structured regulatory frameworks provided by the Authority provide a solid foundation for global platforms like Bybit to operate with confidence and clarity."

She added, "This achievement would not have been possible without the Authority's ambitious regulatory approach, which seeks to promote innovation and compliance in the digital assets sector. We look forward to strengthening our cooperation with it and providing more resources, products, and expertise to the UAE market."

Bybit's upcoming plans in the UAE

Under the Virtual Asset Platform Operator license from the Securities and Commodities Authority, Bybit will offer virtual asset trading, brokerage, custody, and currency conversion services between fiat and digital currencies, within a regulated regulatory framework targeting individual and institutional clients across the UAE.

The platform intends to expand its local footprint by establishing a larger regional operations center in Abu Dhabi, with more than 500 employees distributed between Abu Dhabi and Dubai, while accelerating local hiring in compliance, operations, and customer service. The company also plans to launch educational programs and Web 3.0 innovation initiatives in collaboration with local partners to support skill development and strengthen the country's digital economy.

Bybit's continued investments in talent, technology, and infrastructure underscore its long-term commitment to supporting the UAE's vision to establish itself as a global hub for digital assets and financial innovation.

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