• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Bybit Gains Provisional Crypto License in Dubai

SB Crypto Guru News by SB Crypto Guru News
September 16, 2024
in Crypto Updates
0 0
0
Bybit Gains Provisional Crypto License in Dubai


Bybit, one of the top global crypto exchanges, has obtained a provisional license from the Dubai regulator, only two years after establishing its headquarters in the Middle Eastern city. This move brings the platform closer to becoming a fully licensed Virtual Asset Service Provider (VASP) in Dubai.

Strengthening Dubai Presence

Announced today (Monday), the provisional license is non-operational and was issued by the Virtual Asset Regulatory Authority (VARA). Last year, Bybit also obtained a preliminary Minimum Viable Product (MVP) license in Dubai, marking its journey towards becoming a fully licensed company in the jurisdiction.

“Dubai’s strategic location, progressive policies, and innovation-driven environment offer unparalleled opportunities for businesses and investors in the cryptocurrency sector,” said Helen Liu, Chief Operating Officer of Bybit.

Dubai aims to attract the cryptocurrency sector with a clear set of regulatory frameworks. In 2021, VARA was established under the Dubai Virtual Asset Regulation Law, positioning Dubai as one of the global crypto hubs. The move has been successful, with several major crypto brands, including Binance, Crypto.com, and Blockchain.com, receiving licenses from the jurisdiction.

“With its robust regulatory framework and commitment to becoming a blockchain capital, Dubai is the ideal place to advance digital currencies and foster growth in this exciting industry.”

Last month, Bybit also strengthened its Dubai presence by extending its partnership with the Dubai Multi Commodities Centre (DMCC), transitioning from being a key ecosystem partner to an advisory role.

A Major Crypto Exchange

According to Coinmarketcap.com, Bybit handled over $3.8 billion in crypto trading volume in the past 24 hours, while the derivatives volume surpassed $16.2 billion, second only to Binance.

Further, a report published by Kaiko highlighted that Bybit’s market share surged from 8 percent in October 2023 to 16 percent in June 2024, the highest growth rate among top exchanges. Coinbase’s market share increased by just a single percentage point, from 7 percent to 8 percent in the same period. Bybit’s demand surpassed the volume handled by Coinbase last March.

However, Binance lost market share, with its dominance declining to 54 percent of total volume in June, compared to 60 percent last October.

This article was written by Arnab Shome at www.financemagnates.com.



Source link

Tags: Bitcoin NewsBybitCryptoCrypto NewsCrypto UpdatesDubaiGainsLatest News on CryptolicenseProvisionalSB Crypto Guru News
Previous Post

Why You Should Be Paying Attention to Aave

Next Post

A new online museum is sharing the histories of repatriated objects

Next Post
A new online museum is sharing the histories of repatriated objects

A new online museum is sharing the histories of repatriated objects

  • Trending
  • Comments
  • Latest
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Amber International Raises .5M to Boost 0M Crypto Reserve

Amber International Raises $25.5M to Boost $100M Crypto Reserve

0
101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

0
26,000+ New Bitcoin Millionaires in H1 '25, Trump Portfolio Nosedives

26,000+ New Bitcoin Millionaires in H1 '25, Trump Portfolio Nosedives

0
Animoca’s Anichess Ethernals NFTs Go Live On Magic Eden

Animoca’s Anichess Ethernals NFTs Go Live On Magic Eden

0
3 Best Cold Crypto Wallets for 2025: Ledger, Trezor, and Tangem — Which One Will Keep Your Crypto…

3 Best Cold Crypto Wallets for 2025: Ledger, Trezor, and Tangem — Which One Will Keep Your Crypto…

0
BoE Governor Andrew Bailey Warns Adoption of Stablecoins Threatens Central Bank

BoE Governor Andrew Bailey Warns Adoption of Stablecoins Threatens Central Bank

0
Amber International Raises .5M to Boost 0M Crypto Reserve

Amber International Raises $25.5M to Boost $100M Crypto Reserve

July 5, 2025
WLFI Token Could Soon Be Tradable—Early Supporters Set for Partial Unlock

WLFI Token Could Soon Be Tradable—Early Supporters Set for Partial Unlock

July 5, 2025
Bitcoin Sees Profit‑Taking As Lawmakers Gear Up For ‘Crypto Week’

Bitcoin Sees Profit‑Taking As Lawmakers Gear Up For ‘Crypto Week’

July 5, 2025
Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana

Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana

July 5, 2025
101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

July 5, 2025
Ethereum Price Targets ,000 As Analyst Calls It A ‘Powder Keg’

Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’

July 4, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.