bybit

Bybit receives a crypto spot exchange license from Dubai’s VARA

- Bybit Dubai has received a VASP license from VARA.
- The license covers spot exchange operations.
- Derivatives trading rights remain a future goal.
- RSS has not provided further details.

#BinanceSquare #CryptoNews #Bybit #VARA

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Source: NewsBTC

Bybit announced today that its Dubai entity, Bybit Fintech FZE, has obtained a VARA VASP license covering spot trading services. The license is listed as Active in VARA’s public register (issued on 2026-06-20), and theoretically allows it to serve retail, qualified, and institutional clients. But don’t pop the champagne just yet—the company itself acknowledges that it still needs to complete VARA’s go-live process and meet operational requirements before it can actually open for business. It hasn’t said a word about the timeline. Bybit waited three years for this license: it received an MVP license in June 2023 and in-principle approval in September 2024, but both were just paper progress that didn’t allow it to operate. Add the federal SCA license it received in October 2025 (which doesn’t cover Dubai), and its Middle East compliance puzzle is now nearly complete. With 80 million-plus users, the exchange can’t afford to fall behind in the compliance arms race—and the next question is when its derivatives license will be approved. Chief Compliance Officer Peter Loo has already publicly said he wants one.

#Bybit #迪拜 #VARA #Compliance

Dubai has once again put its cards on the table.

On October 22, Bybit announced that its Dubai entity, Bybit Fintech FZE, had officially obtained a VASP licence from the Dubai Virtual Assets Regulatory Authority (VARA), authorising it to offer spot trading. The exchange, which says it serves more than 80 million users worldwide, moved its international headquarters to Dubai in 2022. This licence fills in another piece of its compliance puzzle.

The most interesting detail is the scope of the licence: it covers spot trading only, not derivatives. Chief Legal Officer Peter Loo acknowledged that derivatives are the mainstay of Bybit’s global trading business, but said the company must wait for separate VARA approval before offering them in Dubai. In Dubai, the rules are the rules—no matter how large your trading volume, you have to wait your turn.

Also in the mix: Kraken’s parent company, Payward, received full market approval from VARA around the same time. Dubai is becoming the main battleground in the “arms race” for exchange licences.

In the second half of the compliance race, a licence is your ticket in.#Bybit #迪拜 #VARA #合规 #Spot trading

🇦🇪 Bybit secures a Dubai VARA license, but only spot trading is approved for now

On October 22, Bybit officially announced that its Dubai entity, Bybit Fintech FZE, had obtained a VASP license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license covers exchange services—in other words, spot trading.

A few details worth noting:
🔹 Bybit moved its headquarters to Dubai back in 2022 and received in-principle approval in August 2024, but the formal license was only finalized today
🔹 Derivatives require a separate application, which hasn’t been approved yet. Bybit says it will continue to pursue approval
🔹 The company says it has over 80 million users worldwide. CEO Ben Zhou called this an important step in the company’s regional strategy

In the same week, Bitget was also moving forward with its acquisition of a licensed exchange in Thailand, with regulatory approval expected around October 31. Exchanges are increasingly taking a similar approach: instead of relying on a single offshore license to operate everywhere, they’re obtaining local licenses market by market.

My take:
A license is a good thing, but don’t assume that “getting a license” automatically means “my money is safer.” What really matters is which entity your account is held with. The Dubai license covers users served by the Dubai entity, and this one only covers spot trading. The leveraged futures you trade day to day aren’t covered by this license.

So rather than getting excited by the headline, open your account settings and check which entity you have a contract with and which jurisdiction’s rules apply.

Would you put more money on an exchange because it got a local license? Or do proof of reserves and withdrawal speed matter more to you? Share your thoughts in the comments 👇

#Bybit #迪拜 #加密监管 #Exchange

Bybit’s Dubai entity has obtained a VASP license issued by VARA, covering crypto spot trading. It will need to apply separately to cover derivatives. Compliance licenses in the Middle East are increasingly becoming a ticket to enter the market—exchanges compete not just on tokens and fees, but on how many places they can legally operate in.#Bybit #迪拜 #Compliance

The world’s second-largest exchange is entering the U.S. Why not apply for its own licenses, but instead team up with an established American brokerage?

Bybit CEO Ben Zhou confirmed it himself: to enter the U.S., they’ll partner with brokerages like Interactive Brokers (IB), which already have a strong local user base, and go head-to-head with Robinhood. The reason is a tough one to swallow: securing U.S. licenses state by state takes two to three years. By then, startups will be waiting until retirement. Better to wait for the Clarity Act to pass and the SEC to establish a unified federal license—one license for the whole country.

Even more pointed was this line from him: “Never having entered the U.S. before is actually an advantage—we have a completely clean record there.” By contrast, its rival Robinhood reported 28.4 million funded customers and $369 billion in platform assets in its Q2 earnings—impressive numbers, but crypto trading revenue plunged 38% year over year to just $100 million. Bybit is choosing to make its move in the U.S. just as its rival’s growth is losing steam.

Here’s the million-dollar question: when the army of American retail investors rushes in with their brokerage accounts, will their first purchase be $BTC , or will they grab some altcoins while they’re at it?

The market is open in the comments: A) New money will ignite a bull market; B) American retail investors are already numb, and there’s no fresh money coming in. Pick a side and sound off.

$ETH $SOL #Bybit #美国 #Robinhood

Ding dong~ Cross-exchange reminder! Don’t miss it (｡･ω･｡)ﾉ♡

【Bybit · Cross-exchange】The STABLE Token Splash spot trading volume event is now open for registration~
⚠️ This is a **Bybit** event, not one on Binance or OKX—don’t mix them up~

Here’s the quick what / where / how:
• What: Trade STABLE on Bybit Spot and share the prize pool based on your share of the eligible total trading volume (participation is optional; rewards are proportional to trading volume; trading fees apply, so it’s not cost-free)
• Where: Bybit → Spot Token Splash event page (or use the official link below)
• How: Click Register on the event page first → Buy and sell STABLE on Spot during the event → Reach a total trading volume of ≥500 USDT to qualify for a share of the rewards based on your volume

Reward details (confirmed by the official announcement):
• Prize pool: 565,000 STABLE
• Per-user cap: 15,000 STABLE
• The more you trade, the larger your potential share; if there are many participants, your individual reward may be very small

Requirements:
• Individual KYC Lv.1 or Business Verification
• Only Spot STABLE trades count; API trades are excluded
• The official announcement says subaccount spot trades and Trading Bots are eligible; subaccount deposits and internal transfers do not count (see deposit-related terms)
• Institutional users and market makers are not eligible

Schedule (Shanghai time):
• 2026-10-20 18:00 → 2026-10-27 19:00
(Corresponding UTC: 10-20 10:00 → 10-27 11:00; the event is already underway~)

Notes / risks:
• New-token volatility and slippage; small trades may earn a very small share; trading more incurs fees, so do the math yourself
• Residents of restricted regions, including the EEA and several other countries, cannot participate; eligibility is subject to your Bybit account status and the official announcement
• The platform may revoke rewards from accounts engaging in abuse, and the rules may change
• The official announcement says rewards will be distributed in batches before the event ends

Official announcement:
https://announcements.bybit.com/en/article/stable-token-splash-grab-a-share-of-the-565000-stable-prize-pool--art30c73153b535/

Event page:
https://www.bybit.com/en/trade/spot/token-splash

#Bybit #STABLE #TokenSplash #现货 #Cross-exchange
(An informational reminder based on the official announcement; not investment advice. This cross-exchange reminder is posted on Binance Square, but the event is hosted by Bybit.)

📰 Bybit’s Oct. 19 Ether (ETH) Call Leads $627.61 Million Options Session
The $2,750 strike call topped trading volume. Calls made up 61.29% of 24-hour volume and 62.29% of open interest.
Source : Econotimes
Time : 2026-10-18 11:32:03
Credit : miriam hart
#eth_options #bybit #ether #coinglass
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Share your opinion in the comment section below

【Reminder】🔔 Bybit Card no longer offers cashback when you pay in USD

Cashback is only available when paying with USDT or other cryptocurrencies

In other words, the 0.9% cryptocurrency conversion fee is unavoidable

The cost of using this card has gone up.
What crypto cards are you all using now?

#u卡 #bybit

Big talk, pocket-change prize pool

Bybit CEO Ben Zhou is set to deliver a global keynote at 3 p.m. on October 13, titled “Make Your Move.” They’ve packed in all four big topics: the evolution of finance, AI, stablecoins and RWA, and security and compliance. And to top it all off, there’s a 5,000 USDT prize pool, with a lucky draw, Q&A, and best-moment contest—all put together with more pomp than a wedding.

The whole prize pool is just 5,000 USDT, split among everyone on the platform. That’s probably enough per person to open a 5x leveraged position three times; even after getting liquidated, you might have enough left for a couple of coins to buy a grilled sausage. Exchanges always know exactly where to spend their budget: on making you believe you could be the one who wins.

At 3 p.m. on the 13th, will you be waiting on the livestream for your few cents’ worth of giveaway, or watching the candlesticks for a liquidation text? Drop a 1 or 2 in the comments. I’ll post my position first as a cautionary tale.

$BTC $ETH $USDT

#Bybit #cryptocurrency

Bybit wants to ride the RWA wave.

Ben Zhou will host a global livestream on October 13 at 15:00, themed “Make Your Move,” with an exclusive preview of a new product. The official account has announced a 5,000 USDT interactive prize pool, with the focus on four areas: stablecoins, the convergence of RWA and traditional markets, Bybit AI, and regulatory-compliant expansion.

By packaging stablecoins, RWA, and AI together, the exchange is sending a clear message: incremental capital needs to move on-chain from off-chain markets. In the window between the speech and the new product launch, sentiment in the RWA sector usually moves first. If trading volume doesn’t follow, the rally may be short-lived.

Are you positioning early for RWA, or waiting until after the livestream on the 13th to chase? If you’re already holding, share your entry price.

$BTC $ETH $ONDO
#Bybit #RWA

🕵️ ZachXBT went undercover

He infiltrated a Chinese laundering group tied to the $1.5B Bybit hack, putting up about $350K of his own money to gain their trust.
His intel helped freeze about $75M in stolen funds.

#zachxbt #bybit #CryptoSecurity

On-chain sleuth ZachXBT just revealed he fronted nearly $350k of his own capital to infiltrate an elite Chinese money laundering ring linked to the massive Bybit exploit. By posing as a high-net-worth client, he successfully extracted critical intelligence that ultimately led to freezing stolen user funds. This daring undercover operation highlights how decentralized investigators are taking matters into their own hands when institutional response times fall short. True on-chain heroism in action. #ZachXBT #Bybit #Security

ZachXBT spent $349,700 infiltrating a Chinese money-laundering group linked to the Bybit hack

• ZachXBT revealed that he personally spent $349,700 to infiltrate a Chinese money-laundering group suspected of having ties to Lazarus and the Bybit hack.
• Posing as a customer, he gathered intelligence that helped freeze funds linked to the $1.5 billion hack.
• The RSS source provided no further details about the group’s identity or the specific amount frozen.
#BinanceSquare #CryptoNews #Bybit #Lazarus #ZachXBT

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Source: The Block

📊 Bybit Publishes Its 40th Proof of Reserves Report

Bybit has released its 40th Proof of Reserves (PoR) report, stating that the total assets covered have reached $19.6 billion. The report aims to enhance transparency and confirm the platform’s liquidity, as part of its commitment to open financial practices in the cryptocurrency exchange sector.

━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ EXCHANGE

#Bybit #ProofOfReserves #CryptoExchange #Transparency #DigitalAssets

📰 Source: cryptobriefing.com

Bybit released a list with more than 100 sanctioned companies and entities, prohibiting transactions with them. Among the names are closed mixers and groups such as Hamas. The measure reinforces the exchange’s compliance stance, but increases users’ caution.

#Bybit #Compliance #Criptomoedas #BinanceSquare

Read more: https://livecoins.com.br/bybit-divulga-lista-com-mais-de-100-empresas-e-entidades-sancionadas-proibindo-transacoes/

Bybit accepts Franklin Templeton’s tokenization fund as collateral

- Bybit allows eligible institutions to use fund shares issued by Benji as collateral for stablecoin credit lines.
- The underlying asset is still held in custody outside the trading platform.
- This is a step forward in integrating tokenized assets into crypto trading.

#Bybit #FranklinTempleton #TokenizedFunds #CryptoNews #BinanceSquare

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Source: CoinTelegraph