Bybit gets full Dubai license for spot crypto trading, launch still pending
Bybit's Dubai unit obtained a full VARA license covering spot trading, but launch steps remain and no start date has been set, Cointelegraph reports.
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what happened
Cointelegraph reports that crypto exchange Bybit has secured a full license in Dubai covering spot trading, following an earlier in-principle approval. The company said its local entity, Bybit Fintech FZE, received a virtual asset service provider permit for exchange services from the emirate's regulator.
A Bybit representative told the outlet that the earlier approval was non-operational and did not allow customer service in Dubai. The regulator's public register shows the new license as active, with services open to retail, qualified and institutional clients. Before trading begins, Bybit still has to finish the launch process and meet operating requirements, and it gave no date.
The exchange already holds a full operator license from the UAE's federal securities regulator, granted in October 2025, but Dubai was excluded from the territories that entity serves. The spokesperson would not explain how the two licenses differ.
why it matters
For the market, the step widens Bybit's regulated footprint in the UAE, but the effect on BTC and ETH spot volumes depends on launch timing, which remains unknown. Until services start, the impact on liquidity is likely to be limited.
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- Bybit secures first full Dubai license for spot trading services — Cointelegraph, 23 October 2026 at 09:50 UTC
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