Bybit Wins Dubai VARA Approval For Spot Crypto Exchange Services
Bybit says its Dubai entity has secured a VARA virtual-asset service provider licence covering spot exchange activity; derivatives permission remains a future objective.
VOID Report: Bybit Secures Dubai License for Spot Crypto Exchange Services
The licence secured by Bybit's Dubai entity covers spot exchange activity, but the company has stated that obtaining permission for derivatives services is a future objective. According to sources, Bybit must still complete additional regulatory requirements before launching its spot trading services in Dubai.
The approval was covered by several outlets, including NewsBTC and Cointelegraph, which reported on the licence and its implications for Bybit's operations in Dubai. The reports highlight the significance of this licence for Bybit's expansion plans.
It has not been reported yet what specific timeline Bybit is working towards for the launch of its spot trading services in Dubai. Readers should watch for further updates on Bybit's progress in completing the remaining regulatory requirements.
Written with AI by Noticiero VOID from facts reported by NewsBTC, Cointelegraph. How we do it ·