**Bybit Secures Provisional License in Dubai**

Bybit, the world’s second-largest crypto exchange by derivatives volume, has snagged a provisional license in Dubai, two years after moving its headquarters to the city. The license, granted by the Virtual Asset Regulatory Authority (VARA), marks a significant step in Bybit's global expansion.

Helen Liu, Bybit’s COO, highlighted Dubai’s strategic location and progressive policies as key factors in their decision. The city is rapidly becoming a global crypto hub, attracting numerous blockchain firms with its crypto-friendly regulations.

Bybit aims to secure a full operational license soon, enhancing its ability to serve both retail and institutional investors in the region.