# Bybit’s Dubai Unit Receives VARA License for Spot Crypto Trading

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/38110
Published: 2026-10-22T16:55:07.000Z
Updated: 2026-10-22T16:55:07.000Z
Section: Regulation

> The authorization covers spot trading. Bybit plans to seek regulatory approval to add derivatives trading.

Bybit Fintech FZE, the company’s Dubai entity, has received a virtual asset service provider license from Dubai’s Virtual Assets Regulatory Authority (VARA). The authorization allows the entity to conduct spot trading in crypto assets.

The license does not cover derivatives trading. Bybit plans to seek an expanded authorization for derivatives, which would require further regulatory approval.

Bybit established its international headquarters in Dubai in 2022. VARA granted the company in-principle approval in 2024 before issuing the license for spot activity.