Bybit Lands Active Dubai Spot License Two Years After Provisional Nod

Bybit Fintech FZE , the crypto exchange’s Dubai entity, has secured a Virtual Asset Service Provider (VASP) license for exchange services from the emirate’s Virtual Assets Regulatory Authority (VARA) , Bybit announced on Thursday. The license covers spot trading only. VARA’s public register now shows the license with the status Active , permitting Bybit to serve retail, qualified and institutional investors. The register lists an issue date of June 20, 2026, which Bybit’s announcement did not mention. Two years ago, VARA’s register carried a separate record for the same entity. A September 2024 capture of the register showed a license of the same type and activity under a different reference number, issued Aug. 21, 2024, with its status marked Pending .

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