Bybit Launches Regulated Crypto Exchange in Europe
Bybit has officially launched its fully regulated cryptocurrency exchange in Europe, adhering to the Markets in Crypto-Assets (MiCAR) regulations. The new platform, accessible via a dedicated website for users within the European Economic Area (EEA), aims to provide a secure and compliant environment for crypto trading.
Operated by Bybit EU GmbH, a licensed service provider, the exchange extends its MiCAR license to 29 EEA countries from its headquarters in Vienna, Austria. This move grants over 450 million Europeans access to regulated cryptocurrency services on a unified platform.
“Bybit[.]eu represents our long-term commitment to Europe,” stated Mazurka Zeng, CEO and Managing Director of Bybit EU GmbH. “Europe deserves first-class access to cryptocurrencies that balances technology with rigorous regulatory standards. And that’s exactly what Bybit EU offers.”
Meeting Regulatory Requirements
Bybit designed its new exchange to meet the stringent requirements of MiCAR, a regulation that has faced criticism from some crypto businesses. The platform emphasizes security, fund reserves, extensive liquidity from multiple providers, and advanced trading tools.
Multilingual Support and Expansion Plans
Recognizing the diverse linguistic landscape of Europe, Bybit will offer multilingual support 24/7. In addition to its Vienna headquarters and Amsterdam center, Bybit EU GmbH plans to expand its presence with regional offices in France, Germany, Spain, and Italy.
Key Features of the Bybit EU Platform:
- Transparent operations and regular regulatory reporting
- Full compliance with EU anti-money laundering legislation
- Strict adherence to the General Data Protection Regulation (GDPR) and data privacy regulations
Bybit also plans to invest in local talent, innovation, and communities, aiming to become a trusted partner for blockchain technology developers, institutions, and retail users. The company’s goal is to help shape the future of digital finance in Europe.
“Our goal is to become a catalyst for the adoption of cryptocurrencies in Europe,” said Mazurka Zeng.
Bybit is currently the second-largest cryptocurrency exchange globally by volume.
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