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Bybit Secures Dubai VASP License for Crypto Spot Trading

Bybit Secures Dubai VASP License for Crypto Spot Trading

  • Bybit said it had obtained a VASP license from Dubai’s Virtual Assets Regulatory Authority, or VARA, allowing it to offer crypto spot trading.
  • It said the approval covers only exchange services, including crypto spot trading, and does not include derivatives trading.
  • Bybit said it has secured five new licenses and regulatory approvals this year outside Dubai, including in the European Union, the Cayman Islands, Indonesia, South Africa and El Salvador.

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Photo: Shutterstock
Photo: Shutterstock

Crypto exchange Bybit has secured a license in Dubai, United Arab Emirates, to offer crypto spot trading services.

Bybit said on October 22 that its Dubai unit, Bybit Fintech FZE, had obtained a…

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