Amid the evolving crypto regulatory landscape in the UAE, another approval for crypto platforms has been granted. This time, Bybit has officially secured regulatory approval from the UAE. The Securities and Commodities Authority (SCA) officially granted the virtual asset platform operator license for the exchange. The regulatory approval for Bybit speaks volumes, as it is the first cryptocurrency exchange to crack this record from SCA.
Bybit’s regulatory approval in UAE
As the UAE regulator gives Bybit the badge of legitimacy, it highlights the company’s commitment to “high standards of quality” in providing products and services to users, according to an official statement. The crypto exchange is making its mark, showing users it operates with strict legal and ethical guidelines both regionally and globally.
Before the official approval, Bybit had already received its In-Principle Approval (IPA) or preliminary approval from the SCA in February 2025, with guidance from the Blockchain Centre in Abu Dhabi.
Abu Dhabi’s Blockchain Centre is a hub for blockchain, Web3, and digital-asset innovation.
Reflecting on the achievement, Ben Zhou, Co-founder and CEO of Bybit, said the exchange serves as strong proof of its dedication to operating with integrity and honesty in its practices. “The UAE has emerged as a global leader in digital asset regulation, and this recognition underscores the strength of our security and governance standards.”
So, what’s Bybit’s next plan in the UAE?
Bybit’s SCA approval for a virtual asset operator license will allow the platform to offer digital asset services to both retail and institutional clients across the UAE. These services include,
- regulated virtual asset trading
- brokerage
- custody
- fiat conversion services
The crypto exchange also has plans to scale up in the future by launching a larger regional operations center in Abu Dhabi, hiring over 500 staff across Dubai and Abu Dhabi, and rolling out new Web3 education and innovation programs in collaboration with local partners.
