Bybit's Dubai entity, Bybit Fintech FZE, received a VASP license from Dubai's VARA covering exchange services including spot trading, following an earlier in-principle approval that the company said was non-operational. VARA's public register lists the license as active, permitting services to retail, qualified and institutional investors. Bybit must still complete VARA's launch process and meet operational requirements before starting spot trading, and it did not give a launch date. The company had earlier obtained a full license from the UAE's SCA in October 2025, but the SCA-licensed entity excludes Dubai from the jurisdictions it serves, and Bybit declined to explain how the two approvals differ.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/22/2026 | 81,416.09 |
| Change that session | -3.18% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 10/22/2026 | 2,389.14 |
| Change that session | -3.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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