Bybit Secures UAE’s First Full SCA Crypto License

Bybit has become the first crypto exchange to secure a full federal SCA license in the UAE. This achievement underscores Bybit’s role in advancing the region’s digital asset ecosystem, enhancing its regulatory stature and market position.

The involvement of Bybit’s CEO, Ben Zhou highlights the exchange’s strategic actions. As Ben Zhou noted, “Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to compliance, security, and the UAE’s vision for a regulated digital asset economy.” The new license extends Bybit’s capabilities, enabling spot and derivatives trading, among other services, under a federal compliance regime.

Bybit’s UAE Investment to Exceed 500 New Hires

Bybit commits to a significant investment in the UAE, planning to hire over 500 staff and develop local infrastructure. This move signals strong regulatory trust and positions the exchange favorably in the regional market.

The license may influence market dynamics, with increased demand for BTC, ETH, and altcoins. Potential financial and technological outcomes are expected, although specific metrics remain undisclosed. Regulatory support enhances Bybit’s compliance reputation.

Historical License Achievements Fuel Bybit’s Expansion

Prior milestones include securing the MiCAR license in May 2025 and resuming trading in India. Similar past events show Bybit’s commitment to expanding its regulatory footprint globally.

Industry experts note the significance of Bybit’s compliance advancements, with the full SCA license possibly driving increased trading activity. Historical trends support expectations of robust growth in exchange activity within the UAE.