Bybit, the worlds second-largest cryptocurrency exchange by trading volume, today announced that it has officially secured the Virtual Asset Platform Operator License from the Securities and Commodities Authority SCA of the United Arab Emirates UAE. Bybit becomes the first crypto exchange to obtain this full license from the SCA, marking a historic milestone in the nations vision to establish itself as a global digital asset hub. This licensing brings along with the full product capability of Bybits existing global products and services into compliance.
This symbolic milestone demonstrates Bybits assurance to users that it is committed to high standards of quality, product and service arising from rigorous compliance frameworks found not just in UAE but also globally. It also demonstrates Bybits long term global strategy of being locally enshrined and its commitment to bringing crypto to local markets.
Bybit initially received its In-Principle Approval IPA from the SCA in February 2025 with the help of the Blockchain Centre, Abu Dhabi, in navigating SCAs robust framework. The full license demonstrates the regulators trust in Bybits robust security infrastructure, operational transparency, and rigorous compliance standards.
