Pray, gather round, dear reader! In an astonishing turn of events, the esteemed Bybit hath secured a Virtual Asset Platform Operator License within the illustrious realms of the UAE, achieving the rare distinction of being the very first crypto exchange to lay claim to such a treasure. One cannot help but admire their ambition, as they intend to establish a regional office, populated by a robust assembly of five hundred industrious souls, all fervently attending to the noble aims of expansion.
Our dear Bybit hath turned its attention to fortifying its foundations in other burgeoning crypto meccas, making noteworthy advances in Europe, Vietnam, India, and beyond. One must applaud their foresight, for such a grand strategy may indeed yield bounteous rewards for the enterprising souls involved. 💰
The License of Bybit in the UAE
Now, let us not forget the rather tempestuous history of our brave Bybit, which bravely weathered a most grievous security incursion earlier this very year. With a commendable sense of fortitude, they have quitted themselves well, embarking upon the arduous path to procure a Virtual Asset Platform Operator License from the UAE. And lo, their diligence hath borne fruit at last:
Bybit Secures UAE’s First Virtual Asset Platform Operator License from Securities and Commodities Authority
In the words of Ben Zhou, the most esteemed Co-founder and CEO of Bybit, “Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to…”
– Bybit (@Bybit_Official) October 9, 2025
As indicated in the firm’s grand proclamation, Bybit now stands triumphant as the inaugural crypto exchange to wield such a license in the UAE. Pray, spare a thought for Binance, who sought this noble approval in the wilds of 2023, only to withdraw their petition after the arrival of the new CEO, Richard Teng. Oh dear, what a tale that is! 😂
At present, Bybit possesses exclusive access to one of the most esteemed hotbeds for crypto advancement known to mankind.
Yet, let it be known, Bybit is not solely enamored with the UAE for its promising market potential, however splendid that might be. Nay, they aspire to erect a grand operations center in the storied city of Abu Dhabi, directing around five hundred eager employees towards their ambitious expansion endeavors in this fascinating region. 🏙️
The Global Expansion of Infrastructure
This arrangement of directed regional hubs hath become indispensable to Bybit’s grand plan in recent times. Notably, they have already established an office in the charming locale of Vienna, having obtained a MiCA license as their key to unlocking the European audience. 🌍
Just last month, the firm made remarkable inroads with Vietnam, although an office there remains an aspiration, yet unfulfilled.
“This milestone marks another step forward in our global regulatory roadmap – from MiCAR in Europe to India and now the UAE – as we continue to set new benchmarks for a secure and responsible digital asset ecosystem,” proclaimed the intrepid Ben Zhou.
It shall indeed be most amusing to witness the fruits of Bybit’s labor with their newfound hub in the UAE. Will they favor the MENA-based clientele, or do they intend to leverage the nation’s burgeoning reputation as a global finance hub? Whatever the outcome, one may be assured that Bybit is determined to advance with unwavering resolve. 🌟
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2025-10-09 22:47