KEY TAKEAWAYS
- Bybit has been awarded ‘Best Crypto Exchange UAE 2025’ by Global Business & Finance Magazine, highlighting its exceptional performance in the region.
- The award coincides with Bybit’s regulatory advancements, including securing In-Principle Approval from the UAE’s Securities & Commodities Authority.
- Bybit has also obtained Provisional Approval for a VASP license from Dubai’s Virtual Assets Regulatory Authority, demonstrating its commitment to compliance.
- Bybit aims to foster a secure and innovative trading environment in the UAE, aligning with its strategic vision for the region.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the ‘Best Crypto Exchange UAE 2025′ by Global Business & Finance Magazine. This accolade highlights Bybit’s exceptional performance and innovative approach within the United Arab Emirates’ digital asset landscape.
The Global Business & Finance Magazine Awards are known for their rigorous, merit-based selection process, celebrating companies and individuals who make significant contributions to the business and finance sectors. Bybit’s award reflects its impactful achievements and market leadership in the UAE’s crypto ecosystem.
Regulatory Milestones in the UAE
This recognition coincides with Bybit’s significant regulatory advancements in the UAE. The exchange has secured In-Principle Approval from the UAE’s Securities & Commodities Authority to establish a Virtual Asset Platform in the country. Additionally, Bybit has obtained Provisional (Non-Operational) Approval for a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) for Virtual Asset Exchange services in Dubai.
These achievements underscore Bybit’s commitment to compliance and collaboration with local regulators, aiming to build a regulated and trusted platform in the region. Bybit’s efforts demonstrate its dedication to operating within the UAE’s legal framework.
Strategic Vision for the UAE
Joan Han, Sales & Marketing Director at Bybit, expressed the company’s honor in receiving the award, stating, “This recognition, coupled with our recent regulatory advancements, affirms our strategic vision for the UAE. We are committed to driving innovation and fostering a secure, accessible trading environment for our users across Abu Dhabi and Dubai.” The full announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has been recognized as the ‘Best Crypto Exchange UAE 2025’ by Global Business & Finance Magazine, highlighting its strong performance and strategic regulatory advancements in the UAE’s digital asset landscape.
Recent industry reports indicate that the UAE continues to be a significant player in the cryptocurrency market, with a projected annual growth rate of 42% for its blockchain market from 2025 to 2030. This growth is fueled by progressive regulations and a culture of innovation, aligning with Bybit’s regulatory achievements in the region.
Insights from a Finance Magnates report highlight that Bybit’s in-principle approval from the UAE’s Securities & Commodities Authority marks a significant step for its operations, supporting the UAE’s efforts to become a hub for crypto innovation. This reinforces Bybit’s strategic positioning in the UAE’s evolving crypto landscape.
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