Bybit Becomes UAE’s First Crypto Exchange to Secure Full SCA Virtual Asset License

Key Takeaways:

Bybit has obtained the first-ever full Digital Asset Platform Operator License from the UAE’s Securities and Commodities Authority (SCA).The license permits Bybit to supply regulated buying and selling, brokerage, custody, and fiat conversion for each retail and institutional shoppers.The change plans to broaden its UAE operations with over 500 new hires and launch Web3 schooling and innovation packages in partnership with native establishments.

The UAE has taken a significant leap towards turning into a world digital asset hub as Bybit, the world’s second-largest cryptocurrency change by buying and selling quantity, turns into the primary to obtain a full Digital Asset Platform Operator License from the Securities and Commodities Authority (SCA). The approval cements the nation’s management in digital finance and displays its rising regulatory sophistication.

Learn Extra: UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

Bybit’s Full Licensing Marks a Turning Level for UAE Crypto Oversight

Bybit introduced the milestone on October 9, confirming that it had secured the SCA’s full authorization following its In-Precept Approval (IPA) earlier this 12 months. The change had obtained that preliminary approval in February 2025 with steering from the Abu Dhabi Blockchain Centre, which helped it navigate the UAE’s strict regulatory framework.

This closing approval makes Bybit the first change formally licensed beneath the SCA’s Digital Asset Platform Operator (VAPO) framework, a key element of the UAE’s broader technique to place itself as a compliant international hub for digital finance beneath Imaginative and prescient 2031.

Bybit is now in a position to conduct the regulated digital asset buying and selling, brokerage, custody, and fiat conversion providers all through the UAE beneath the brand new license. This covers each the retail and institutional shoppers, as it’s a signal of accelerating demand for digital belongings in some of the vibrant monetary hubs of the Center East.

Co-founder and CEO Ben Zhou mentioned the achievement displays Bybit’s “unwavering dedication to constructing belief by way of compliance and transparency.” He added that the UAE’s regulatory readability provides the change a powerful basis to scale operations responsibly.

“The UAE has emerged as a world chief in digital asset regulation, and this recognition underscores the power of our safety and governance requirements,” Zhou mentioned.“We see regulation as the inspiration for sustainable progress.”

UAE’s Regulatory Management Strengthens International Crypto Confidence

From Regional Ambition to International Instance

The SCA mannequin of the UAE is taken into account among the best structured digital asset regimes on the earth. The total authorization of Bybit is an indicator of a alternative of native experimentation with worldwide management in compliant crypto actions.

That is the total service Digital Asset Platform Operator License, and the worldwide requirements of anti-money laundering (AML), cybersecurity, and danger administration should be met. It additionally releases investor safety mechanisms which guarantee transparency and stability of operations.

Co-CEO of Bybit Helen Liu said that the regulatory transparency and the cooperative nature of the SCA have been key to the success of the corporate.

“The SCA’s clear and well-structured framework allows international exchanges like Bybit to function with confidence and readability,” Liu mentioned.“This milestone wouldn’t have been potential with out the regulator’s forward-thinking imaginative and prescient for innovation and compliance.”

The UAE’s progress contrasts with the slower and sometimes fragmented regulatory panorama in different areas. The USA remains to be experiencing uncertainty within the exchanges because it nonetheless has an ongoing dispute with the Securities and Alternate Fee (SEC). As compared, the SCA within the UAE has been progressive in taking a license-first mannequin that focuses on regulation however promotes innovation.

Learn Extra: Dubai and Solana Put together for $1 Billion Crypto Leap —However What’s Actually Coming?

Bybit’s Growth Plans: 500 Hires and Web3 Innovation in Abu Dhabi

Bybit is increasing its native growth technique on the premise of the SCA license. The change is planning to ascertain an even bigger regional operations facility at Abu Dhabi that shall be supported by greater than 500 workers in Abu Dhabi and Dubai.

Such main segments as compliance, operations, know-how and customer support shall be focused beneath the recruitment initiative. Bybit additionally intends to launch schooling and Web3 innovation packages in collaboration with tutorial and institutional companions positioned within the UAE in different plans.

The initiatives would improve the long-term goal of the UAE to grow to be a blockchain and digital asset innovation hub on the worldwide stage. The packages will deal with expertise, blockchain literacy, and entrepreneurship to reinforce creation of Web3 packages.