Bybit secures UAE recognition with the honorable 2025 Crypto Exchange Award

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Bybit, the world 2^nd The biggest cryptocurrency exchange in terms of transaction volume has been distinguished from the Global Business & Finance Magazine Awards as “Best Crypto Exchange UAE 2025”. Bybit received this recognition due to its market presence in the UAE digital assets sector and its dominant region expansion.

The Global Business & Finance Magazine Awards earn a distinction through quantitative evaluation procedures. They implement an annual programme to recognize businesses and individuals who bring extraordinary value through contributions to finance and business operations across the global market. Bybit received this recognition through stable market development, regulatory adaptability, and strategic involvement in the UAE cryptocurrency environment.

Regulatory milestones strengthen local commitments

The award summarises multiple regulatory achievements that demonstrate Bybit’s expansion operations in the UAE. The company has achieved principled approval status from the UAE Securities and Commercial Administration (SCA) to enable it to operate its virtual asset platform nationwide.

Dubai’s virtual asset regulator is provisionally authorized by Bybit as a virtual asset service provider (VASP). Dubai’s virtual asset exchange service will enter full operation after VARA completes regulatory assessments and compliance testing with existing licenses. These regulatory approvals establish the UAE as a transparent market for virtual assets.

UAE Market’s Bibit Strategy Vision

BYBIT continues to expand its strategic markets through its operations in Dubai and Abu Dhabi. The company’s regulatory direction reflects a systematic plan to meet compliance standards and efforts to maximize user trust. With recognition from Global Business & Finance Magazine, Bibit is looking to expand accessibility, security and services within the UAE’s cryptocurrency ecosystem.

Bibit Exchange maintains over 60 million subscribers worldwide. Exchange highlights security, trusted infrastructure, and user-friendly features as key factors. The recent development phase of the UAE allows BYBIT to increase its influence in the transition to regulated digital payments in the region.