Key Notes

The exchange plans to establish a regional operations center in Abu Dhabi with over 500 employees across UAE locations.

Bybit will offer regulated trading, brokerage, custody, and fiat conversion services to retail and institutional clients.

The licensing marks part of Bybit's broader Middle East expansion strategy including tokenized fund development.

Bybit, a cryptocurrency exchange headquartered in the British Virgin Islands, says it has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE).

According to an Oct. 9 press release , Bybit is the first crypto exchange to receive full licensing in the UAE. The firm’s CEO and cofounder, Ben Zhou, described receiving the full Virtual Asset Platfor

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