Bybit gets Dubai VARA licence for spot trading, but launch awaits more steps
Bybit has received a new licence from Dubai's VARA that allows it to offer spot trading services in the emirate. The exchange still has to meet additional regulatory requirements before it can launch, so the service is not live yet. For traders, this is a step toward more regulated access to Bybit in Dubai.
Why it matters
- Bybit's new VARA licence covers spot trading services in Dubai.
- The licence is described as the first full Dubai licence for Bybit.
- Bybit must complete more regulatory requirements before launching in Dubai.
What to watch next
Watch for Bybit's announcement that it has met the remaining requirements and launched spot trading in Dubai.
