Bybit Fintech FZE has obtained a Virtual Asset Service Provider licence from Dubai’s Virtual Assets Regulatory Authority covering spot trading. The approval allows the platform to expand its activities in Dubai, where it established its international headquarters in 2022. It is part of Bybit’s compliance push, which the company says includes five new licences or regulatory approvals in 2026 across the European Union, the Cayman Islands, Indonesia, South Africa and El Salvador. Bybit also plans to seek approval to extend its licensed activities to derivatives trading. The company named former VARA executive Peter Loo as chief legal and compliance officer to oversee its global regulatory strategy.
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