TREE NEWS update: Bybit has obtained the first full Virtual Assets Regulatory Authority (VARA) license for spot trading services in Dubai. The exchange must still complete additional regulatory requirements before launching the service. The approval makes Bybit the first crypto exchange to hold a full Dubai license covering spot trading.
Bybit Secures First Full Dubai VARA License for Spot Trading
AI take
The distinction between a license and a live service is the real story here: Bybit holds the first full VARA spot-trading approval, but the outstanding requirements mean the operational start date is not yet fixed. For Dubai, this signals a preference for staged, conditional licensing over blanket approval, which shapes how other exchanges pursue similar status. The open question is whether Bybit completes the remaining requirements on a timeline that makes the first-mover advantage meaningful, or whether competitors close the gap while the service remains unlaunched.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
12m ago
Shenwan Hongyuan HK Says It Received Suspected Extortion Message, Reports to Police
37m ago
MiniMax Completes Commerce Ministry Tech Export Registration for Open-Source Models
57m ago
Genshin Impact’s Creative Platform Hits 100,000 Creators, 120M Play Hours
1h ago
China Post Bureau urges courier industry to deepen ‘anti-involution’ campaign
1h ago
CFTC Chair Selig: Agency Reviewing March Oil Trades During Iran War
1h ago
MMG Offers Nickel Pig Iron Supply Guarantee to Europe to Address EU Concerns Over Anglo American Brazil Deal