Bybit Secures Full Dubai License for Spot Trading

Bybit has received a full virtual asset service provider license from Dubai’s Virtual Assets Regulatory Authority. The license covers its local entity, Bybit Fintech FZE, for exchange services including spot trading. The approval follows an earlier in principle clearance that, according to a company spokesperson, did not allow the firm to serve customers in Dubai.

What the New License Covers

The license appears as active on the regulator’s public register and permits services for retail, qualified and institutional investors. Even so, Bybit must still complete VARA’s launch process and meet operational requirements before spot trading can begin. The company has not announced a launch date.

How It Differs From Bybit’s Earlier UAE Approval

Bybit previously received a full license from the UAE’s Securities and Commodities Authority in October 2025. However, its service restrictions exclude Dubai from the markets served by that entity. The spokesperson declined to explain how the VARA approval differs from the SCA license, or whether the earlier approval allowed any activity in Dubai.