Bybit Wins Dubai VARA Approval For Spot Crypto Exchange Services

TL;DR: Bybit says its Dubai entity has secured a VARA virtual-asset service provider licence covering spot exchange activity; derivatives permission remains a future objective.
Bybit has obtained a Dubai regulatory licence for spot cryptocurrency exchange services, extending its locally authorized business in one of the industry's most closely watched jurisdictions.
The exchange announced Thursday that Bybit Fintech FZE received a virtual-asset service provider licence from Dubai's Virtual Asset