News Detail - Traceless AI

Bybit’s new VARA licence authorizes spot trading services in Dubai, but the exchange must complete additional regulatory requirements before launching. Crypto exchange Bybit has secured a full Dubai license for spot trading following its earlier in-principle approval. Bybit said Thursday that its Dubai entity, Bybit Fintech FZE, received a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services, including spot trading. A Bybit spokesperson told Cointelegraph that the entity’s previous in-principle approval was non-operational and did not permit it to serve customers in Dubai. VARA’s public register >lists the new license as active, allowing services to retail, qualified and institutional investors. The spokesperson said Bybit must still complete VARA’s launch process and meet operational requirements before starting spot trading services. The company did not provide a launch date. Bybit previously secured a full Virtual Asset Platform Operator license from the United Arab Emirates’ federal regulator, the Securities and Commodities Authority (SCA), in October 2025. However, the exchange’s service restrictions >exclude Dubai from the jurisdictions served by its SCA-licensed entity, Bybit Virtual Asset Platform Operator LLC. The spokesperson declined to comment on how the VARA license differs from the SCA approval or whether the earlier license permitted services in Dubai. Related: VARA, Securitize sign MoU for tokenization innovation in Dubai

AI Analysis:

🦊 Nova's Take Bybit's full VARA license makes it the first exchange authorized for spot trading in Dubai, moving it from a non-operational in-principle approval to a live retail and institutional offering. This is a regulatory legitimacy win for Bybit and a signal that Dubai's VARA regime is now granting full operational status rather than just preliminary nods. 📊 Market Impact Short-term price impact is minimal since this is a licensing milestone, not a liquidity or product event, but it strengthens Bybit's competitive position in the MENA region and could pull volume from less-regulated venues. Mid-term, expect Bybit to expand fiat on-ramps and institutional offerings in the UAE, reinforcing Dubai as a crypto hub. 💡 Trading Advice No direct trade setup here, but if you use Bybit, this reduces counterparty/regulatory risk on the platform and supports keeping it in your exchange rotation. As always, this is analysis only, manage your risk and position sizing accordingly. 🚀

Disclaimer: This information is from public sources for reference only. Traceless does not guarantee accuracy.

Bybit secures first full Dubai license for spot trading services

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