Bybit has obtained its first full license from the Virtual Assets Regulatory Authority (VARA) in Dubai, authorizing the platform to offer spot trading services. This marks a significant step for the crypto exchange as it expands its regulated presence in the Middle East.
According to CoinTelegraph, while Bybit’s new VARA license grants permission to operate spot trading in Dubai, the exchange still needs to complete additional regulatory requirements before officially launching these services. This reflects the growing regulatory framework in Dubai aimed at fostering a secure and compliant crypto market.
For Japanese investors and traders, Bybit’s move highlights the increasing global efforts to regulate crypto trading platforms, which could influence how exchanges approach compliance and market access in Asia.