Bybit Secures VARA License in Dubai, Eyes Crypto Derivatives Next

TL;DR: The Virtual Assets Regulatory Authority ( VARA ) of Dubai granted Bybit Fintech FZE a full license to operate spot exchange services. The authorization excludes crypto derivatives , a segment where Bybit is seeking additional permissions. The platform adds six licenses and formal permits in 2026 following prior approvals in the EU , Cayman Islands , Indonesia , South Africa , and El Salvador . Finally, this Thursday, October 22, the VARA license in Dubai was granted to Bybit . Thanks to this permit, the local entity will be authorized to provide retail and institutional trading operations exclusively in the spot market. The regulatory body issued the operating license in the name of Bybit Fintech FZE .

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