Bybit Secures Active Dubai Spot Trading License From VARA, Register Shows June 20 Issue

Crypto exchange Bybit holds an active license for spot trading services in Dubai issued by the Virtual Assets Regulatory Authority (VARA), according to the regulator's public register, which lists a June 20 issue date for the authorization. An active entry on the public register means the authorization is currently in force, placing Bybit's Dubai spot trading services under VARA's licensing and supervision regime for the emirate.

The development, reported by COINOTAG on October 23, 2026, marks the second UAE regulatory approval on Bybit's record. In October 2025, the exchange said it had obtained a full virtual asset platform operator license from the United Arab Emirates' Securities and Commodities Authority (SCA), and the company's official X account described the VARA grant as a separate approval. The two authorizations come from distinct regulators: VARA licenses virtual asset service providers operating in Dubai, while the SCA is the UAE's securities and commodities authority.

VARA is Dubai's dedicated regulator for the virtual asset sector. Established in 2022 as the world's first standalone virtual asset regulator, the authority licenses and supervises virtual asset service providers operating in the emirate, excluding the Dubai International Financial Centre, which falls under its own financial regulator.

Dubai has worked to position itself as a global hub for digital asset businesses, and a number of international exchanges — including OKX and Crypto.com — have received VARA licenses in recent years. Bybit, founded in 2018, ranks among the world's largest cryptocurrency exchanges by trading volume, and with the VARA grant it joins those international operators on the regulator's register.

This content was first published on COINOTAG: https://en.coinotag.com/bybit-secures-active-dubai-spot-trading-license-vara