Bybit, a cryptocurrency exchange, has secured the Virtual
Asset Platform Operator License from the Securities and Commodities Authority
of the United Arab Emirates. The license allows Bybit to operate regulated
virtual asset trading, brokerage, custody, and fiat conversion services in the
country.
According to Bybit, it is the first crypto exchange to
receive this full license from the SCA. The license follows the exchange’s In-Principle
Approval received in February 2025, which was granted with support from the
Blockchain Centre, Abu Dhabi.
Bybit Plans Abu Dhabi, Dubai Expansion
The SCA license follows Bybit’s regulatory developments in
2025, including obtaining a MiCAR license in May and resuming full trading
operations in India in September.
Digital
assets meet tradfi in London at the fmls25
Bybit plans to expand its UAE presence by opening a larger
regional operations center in Abu Dhabi. The exchange aims to employ more than
500 staff across Abu Dhabi and Dubai. It also plans to hire for compliance,
operations, and customer service roles and introduce education and Web3
programs with local partners.
“The UAE has emerged as a global leader in digital asset
regulation, and this recognition underscores the strength of our security and
governance standards,” Ben Zhou, Co-founder and CEO of Bybit, commented.
History made in the UAE 🇦🇪Bybit becomes the first crypto exchange licensed by the UAE Securities and Commodities Authority (SCA) – a historic milestone that cements the UAE’s place at the center of global blockchain regulation.A new benchmark for security, transparency, and… pic.twitter.com/rV4c94BYqf
— The Blockchain Center in Abu Dhabi (@adbc_ae) October 9, 2025
Bybit Expands TradFi Platform with 24/5 Stock CFDs
Bybit has introduced 24/5
stock CFD trading on its TradFi platform, allowing users to access selected
equities continuously on weekdays. The expansion removes previous limitations
tied to U.S. market hours and aligns trading hours more closely with crypto
markets.
Since May 2025, the platform has reportedly added over 100
stock CFDs, including major technology and crypto-related companies. Existing
positions and fees remain unchanged, and the firm is temporarily waiving
transaction fees on selected stocks and indices. Bybit describes the update as
enabling access to traditional financial products alongside its crypto
offerings.
This article was written by Tareq Sikder at www.financemagnates.com.
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