Bybit crypto exchange officially licensed by SCA: new opportunities for traders in the UAE

The exchange is preparing for expansion, the launch of educational programs, and development in the Web3 sphere

Bybit was the first to receive a full SCA license in the UAE to work with virtual assets

10.10.2025 - 08:30

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Bybit has obtained an SCA license — the first full virtual asset platform operator license in the history of the UAE.
The exchange will be able to provide regulated trading, brokerage, and custodial services throughout the country.
The company is establishing a large center in Abu Dhabi and developing Web3 innovations in collaboration with local partners.

The Bybit crypto exchange has obtained a virtual asset platform operator license from the UAE Securities and Commodities Authority (SCA). Bybit has become the first crypto exchange to be fully approved by this regulator.

A number of crypto companies operating in Dubai are regulated under VARA. SCA regulation has a broader scope as it applies to the mainland UAE and extends to organizations outside Dubai’s jurisdiction under VARA. (ByBit also has a temporary license under VARA.)

Benefits of the license

The new status gives Bybit the right to offer regulated virtual asset trading, storage, and fiat currency conversion services to private and institutional clients throughout the UAE.

The exchange plans to expand its presence by establishing a larger regional operations center in Abu Dhabi and increasing its workforce to more than 500 employees in Abu Dhabi and Dubai. The company also intends to develop educational programs and Web3 projects in collaboration with government agencies and fintech partners.

Bybit received in-principle approval (IPA) from the SCA in February 2025, thanks to the support of the Abu Dhabi Blockchain Center in working on the SCA framework. Earlier this year, Bybit received a crypto asset trading license (MiCA), and in September, the company also resumed full trading operations in India.

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