[ad_1]
Bybit, the world’s 2nd largest cryptocurrency exchange in terms of trading volume, has received the “Best Crypto Exchange UAE 2025” distinction from the Global Business & Finance Magazine Awards. Bybit received this recognition because of its expanding market presence in the United Arab Emirates’ digital asset field and its dominant regional expansion.
The Global Business & Finance Magazine Awards earn distinction because of their quantitative assessment procedure. They conduct an annual program to recognize companies and individuals who bring exceptional value through contributions to finance and business operations across worldwide markets. Bybit received this recognition through its steady market development, regulatory adaptability, and strategic involvement in the UAE cryptocurrency environment.
Regulatory Milestones Reinforce Local Commitment
The award brings together multiple regulatory achievements that show Bybit’s expanded operations in the UAE. The company achieved In-Principle Approval status from UAE Securities and Commodities Authority (SCA) which enables it to operate a Virtual Asset Platform across the country.
The Virtual Assets Regulatory Authority in Dubai provisionally licensed Bybit as a Virtual Asset Service Provider (VASP). Virtual Asset Exchange services in Dubai will enter full operation after VARA completes regulatory assessments and compliance tests with the existing license. These regulatory approvals establish the UAE as a transparent market for virtual assets.
Bybit Strategic Vision for the UAE Market
Bybit continues its strategic market expansion through its Dubai and Abu Dhabi business operations. The company’s regulatory direction reflects a systematic plan to meet compliance standards and user trust maximization efforts. Bybit seeks to expand accessibility, safety, and services within the UAE’s cryptocurrency ecosystem while receiving recognition from Global Business & Finance Magazine.
The Bybit exchange maintains more than 60 million subscribers worldwide. The exchange highlights security, reliable infrastructure, and user-friendly features as key elements. The UAE’s recent development stage allows Bybit to grow its influence in the area’s transition to regulated digital payments, which helps expand the nation’s position in international cryptocurrency markets.
[ad_2]
