Bybit, a cryptocurrency exchange, has secured the VirtualAsset Platform Operator License from the Securities and Commodities Authorityof the United Arab Emirates. The license allows Bybit to operate regulatedvirtual asset trading, brokerage, custody, and fiat conversion services in thecountry.According to Bybit, it is the first crypto exchange toreceive this full license from the SCA. The license follows the exchange’s In-PrincipleApproval received in February 2025, which was granted with support from theBlockchain Centre, Abu Dhabi.Bybit Plans Abu Dhabi, Dubai ExpansionThe SCA license follows Bybit’s regulatory developments in2025, including obtaining a MiCAR license in May and resuming full tradingoperations in India in September.Digitalassets meet tradfi in London at the fmls25Bybit plans to expand its UAE presence by opening a largerregional operations center in Abu Dhabi. The exchange aims to employ more than500 staff across Abu Dhabi and Dubai. It also plans to hire for compliance,operations, and customer service roles and introduce education and Web3programs with local partners.“The UAE has emerged as a global leader in digital assetregulation, and this recognition underscores the strength of our security andgovernance standards,” Ben Zhou, Co-founder and CEO of Bybit, commented.History made in the UAE 🇦🇪Bybit becomes the first crypto exchange licensed by the UAE Securities and Commodities Authority (SCA) - a historic milestone that cements the UAE’s place at the center of global blockchain regulation.A new benchmark for security, transparency, and… pic.twitter.com/rV4c94BYqf— The Blockchain Center in Abu Dhabi (@adbc_ae) October 9, 2025Bybit Expands TradFi Platform with 24/5 Stock CFDsBybit has introduced 24/5stock CFD trading on its TradFi platform, allowing users to access selectedequities continuously on weekdays. The expansion removes previous limitationstied to U.S. market hours and aligns trading hours more closely with cryptomarkets. Since May 2025, the platform has reportedly added over 100stock CFDs, including major technology and crypto-related companies. Existingpositions and fees remain unchanged, and the firm is temporarily waivingtransaction fees on selected stocks and indices. Bybit describes the update asenabling access to traditional financial products alongside its cryptoofferings.This article was written by Tareq Sikder at www.financemagnates.com.