Quick Breakdown
- Bybit secures UAE’s full Virtual Asset Platform Operator License from the Securities and Commodities Authority.
- The license allows regulated trading, brokerage, custody, and fiat services in the UAE.
- The move strengthens Bybit’s global compliance strategy after MiCAR and India
Bybit has become the first platform to receive the United Arab Emirates’ (UAE) full Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA). The license authorizes Bybit to provide regulated trading, brokerage, custody, and fiat services in the region, underscoring the UAE’s emergence as a leading hub for digital asset regulation.
— Bybit (@Bybit_Official) October 10, 2025
Bybit expands regulated footprint across key markets
The new approval strengthens Bybit’s global compliance strategy following its licensing under the EU’s Markets in Crypto-Assets Regulation (MiCAR) framework and recent regulatory clearance in India. The UAE authorization places Bybit ahead of major competitors in securing a fully regulated operational status, positioning it as a key player in the Middle East’s growing crypto economy.
The exchange said the license would enable it to serve both retail and institutional clients with enhanced investor protection standards and access to fiat onramps — a major step toward bridging traditional finance with the digital asset sector. The UAE’s clear regulatory environment has attracted a wave of exchanges and blockchain firms in recent years, as the nation pursues its goal of becoming a global digital asset hub.
Zcash surges as NEAR integration boosts activity
Meanwhile, Zcash (ZEC) emerged as the day’s top performer, soaring 40.9% after its integration with NEAR Intents drove monthly swap volumes to $800 million. The move allows users to perform private swaps and payments through Zcash’s Zashi Wallet, enabling conversions of assets such as BTC, SOL, and USDC into shielded ZEC.
Activity on NEAR’s intent-based system nearly doubled this month to over 120,000 users, reinforcing Zcash’s renewed market relevance amid rising demand for privacy-focused assets.
Notably, Bybit recently released its latest Crypto Insights report, spotlighting the rapid growth of decentralized perpetual exchanges. The report highlights how new entrant Aster is challenging market leader Hyperliquid, emphasizing that execution speed, liquidity depth, and incentive structures are now defining the next phase of competition in decentralized derivatives.
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