Bybit secures license for crypto exchange services in Dubai

Homepage > News > Business > Bybit secures license for crypto exchange services in Dubai TL;DR: Bybit announced on October 22 that it secured a VARA license for exchange services in Dubai, dated June 20, though one report says the register still showed “Pending.” The approval ends a four-year process and follows its UAE federal license, as Bybit rebuilds trust after its $1.5 billion hack in 2025 and eyes derivatives next. Key Takeaways: Bybit holds a VARA license for exchange services, including spot trading. It is dated June 20, 2026, and was announced on October 22. Approval took more than four years. Bybit’s first provisional VARA license came in March 2022. The push follows a record $1.5 billion hack in February 2025. The FBI attributed the attack to the Lazarus Group. Bybit plans to add derivatives in Dubai, subject to approval. VARA lists 60 licensed firms. Dubai-based digital asset exchange Bybit announced on October 22 that it has secured a Virtual Asset Service Provider (VASP) license from Dubai’s digital asset regulator, the Virtual Assets Regulatory Authority (VARA), for exchange services, including spot trading. According to the regulator’s official register, t...