Bybit Secures Full Licence from UAE’s SCA

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, on Friday announced that it has secured the Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority (SCA).

By doing so, Bybit became the first crypto exchange to obtain this full license from the SCA, marking a historic milestone in the nation’s vision to establish itself as a global digital asset hub. This licensing brings along with the full product capability of Bybit’s existing global products and services into compliance.

This symbolic milestone demonstrates Bybit’s 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 Bybit’s 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 SCA’s robust framework. The full license demonstrates the regulator’s trust in Bybit’s robust security infrastructure, operational transparency, and rigorous compliance standards.

This achievement follows a series of regulatory milestones for Bybit in 2025 including securing its MiCAR license in Europe in May and resuming full trading operations in India in September this year as the exchange continues to expand its presence under a compliance-first roadmap across key global jurisdictions.

Ben Zhou, Co-founder and CEO of Bybit, said that receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to building trust through compliance and transparency. The UAE has emerged as a global leader in digital asset regulation, and this recognition underscores the strength of our security and governance standards.

He also said that they saw regulation as the foundation for sustainable growth. This milestone marks another step forward in the company’s global regulatory roadmap, from Europe to India and now the UAE as they continue to set new benchmarks for a secure and responsible digital asset ecosystem.

Helen Liu, Co-CEO of Bybit, thanked the SCA for its trust and support throughout the licensing process. The SCA’s clear, robust, and well-structured regulatory framework provides a strong foundation for global exchanges like Bybit to operate with confidence and clarity.

She added: “This achievement would not have been possible without the SCA’s forward-thinking approach to fostering innovation and compliance in the digital asset space. We look forward to deepening our collaboration as we bring more resources, products, and expertise to the UAE market.”

Bybit’s UAE Plans

Under the SCA’s Virtual Asset Platform Operator License, Bybit will offer regulated virtual asset trading, brokerage, custody, and fiat conversion services to both retail and institutional clients across the UAE.

The exchange plans to expand its local footprint by establishing a larger regional operations center in Abu Dhabi with over 500 employees across Abu Dhabi and Dubai, accelerating local hiring across compliance, operations, and customer service, and introducing new education and Web3 innovation programs in collaboration with local partners.

Bybit’s continued investment in talent, technology, and infrastructure reaffirms its long-term commitment to supporting the UAE’s ambition to become a global hub for digital assets and financial innovation.