[Bybit Obtains Dubai VARA Virtual Asset Exchange Service License, Approved to Conduct Spot Trading] According to Deep Tide TechFlow, on October 22, Bybit announced that its subsidiary, Bybit Fintech FZE, has officially obtained the Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA). The license scope includes exchange services (spot trading), marking a new milestone in Bybit's compliance operations in Dubai. Bybit Co-founder and CEO Ben Zhou stated that the company will continue to deepen its presence in the Dubai market, support the development of the local digital asset ecosystem, and strictly adhere to VARA's regulatory standards. Bybit's Chief Legal and Compliance Officer Peter Loo revealed that the company plans to seek an expansion of the license scope to include derivatives trading in the future, subject to obtaining the necessary regulatory approvals. It is reported that Bybit established its international headquarters in Dubai in 2022 and currently has over 80 million global users. Since 2026, Bybit has obtained five new licenses or regulatory approvals in the European Union, the Cayman Islands, Indonesia, South Africa, and El Salvador, continuing to advance its global compliance strategy.