Bybit Secures Dubai VASP License for Crypto Spot Trading
Cryptocurrency exchange Bybit has secured a Virtual Asset Service Provider license to offer crypto spot trading in Dubai.
Cryptocurrency exchange Bybit has obtained a Virtual Asset Service Provider (VASP) license in Dubai to provide crypto spot trading services, according to bloomingbit.
The regulatory authorization permits the platform to conduct spot trading operations within the jurisdiction under local digital asset oversight frameworks.
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Operational Authorization
Under the newly granted VASP license, Bybit is permitted to facilitate crypto spot trading services in Dubai. The regulatory milestone formalizes the exchange's market operations in the jurisdiction as regional authorities oversee compliant virtual asset trading activities.
Key facts
- Bybit secured a VASP license in Dubai.
- The regulatory approval authorizes crypto spot trading services.
- The license establishes formal operational standing for Bybit in the jurisdiction.
Source: news.google.com
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