Regulatory Milestone in the UAE
Bybit has taken a significant step toward expanding its operations in the United Arab Emirates, securing In-Principal Approval from the country’s Securities & Commodities Authority (SCA) to function as a Virtual Asset Platform Operator.
The approval, granted on February 18, 2025, marks a crucial milestone for Bybit as it moves closer to obtaining a full operational license. Once fully authorized, the company will be able to offer regulated digital asset services to both retail and institutional clients in the UAE. This development aligns with Bybit’s broader strategy of ensuring regulatory compliance in key financial markets.
Commitment to Regulatory Expansion
Bybit’s co-founder and CEO welcomed the approval, emphasizing its significance in advancing the company’s goal of fostering a transparent and compliant cryptocurrency trading environment in the UAE. He highlighted Bybit’s ongoing collaboration with regulatory authorities to establish a secure and well-regulated digital asset marketplace.
The UAE has emerged as a global hub for cryptocurrency and blockchain innovation, backed by robust regulatory frameworks designed to integrate digital assets with traditional financial systems. Bybit has reiterated its commitment to adhering to international compliance standards, including Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) measures, to ensure a safe and reliable trading ecosystem.
Global Expansion and Market Positioning
Beyond the UAE, Bybit continues to strengthen its regulatory presence across multiple jurisdictions, including India, Georgia, Kazakhstan, and Turkey. These efforts reflect the company’s broader ambition to maintain compliance while scaling its services on a global level.
Bridging Traditional Finance with DeFi
Founded in 2018, Bybit serves over 60 million users worldwide. The company focuses on bridging traditional finance with decentralized finance (DeFi) through strategic blockchain partnerships and infrastructure development. Offering a diverse suite of digital asset services, including secure custody and trading solutions, Bybit remains a key player in the evolving cryptocurrency landscape.
