Bybit EU Arms Itself With Nasdaq’s Surveillance to Outpace EU Crypto Rules

Bybit EU has integrated Nasdaq’s Market Surveillance platform to ensure compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR). This move is part of Bybit’s ongoing efforts to reinforce its regulatory framework and expand its operations within the European Economic Area. The platform will enhance the exchange’s ability to detect and prevent market abuse, a requirement under MiCAR, which mandates stringent surveillance and reporting protocols for digital asset exchanges.

Bybit EU operates as a licensed Crypto-Asset Service Provider (CASP) under MiCAR and is committed to providing secure, transparent, and fully compliant services. The adoption of Nasdaq’s surveillance technology supports this mission by leveraging advanced pattern recognition and comprehensive market data. The platform, which is modular and flexible, allows Bybit EU to quickly adapt to evolving regulatory requirements in different jurisdictions while maintaining consistent oversight across its markets.

According to Mazurka Zeng, Managing Director and CEO of Bybit EU, the partnership with Nasdaq underscores the company’s commitment to investor protection and market integrity. The surveillance technology combines sophisticated algorithms and tailored alerts specific to crypto markets, significantly reducing false positives and enabling the detection of complex manipulative behaviors such as spoofing, layering, and cross-market abuse.

Nasdaq’s Market Surveillance platform is already in use across 50 exchanges and 20 international regulatory bodies globally, serving as the most widely adopted solution in the industry. The system monitors over 60 billion crypto transactions per day in real time, offering 24/7 surveillance capabilities. It also includes a control framework for data quality reporting, audit, and case management, as well as access to historical order book data for visual replay and reconstruction.

The platform is delivered as a SaaS solution, enabling regular updates and enhancements to keep pace with the fast-evolving digital asset landscape. It also supports monitoring of both major and fractional volume trading, a critical feature for detecting irregularities in liquidity and price movements. The integration of this platform positions Bybit EU to meet the growing regulatory demands of the European market while maintaining operational efficiency and scalability.

Bybit EU plans to continue expanding its services across the EEA, offering fully regulated crypto custody, exchange, and rewards products. The partnership with Nasdaq is expected to strengthen Bybit’s market credibility and ensure long-term sustainability in one of the most regulated financial markets in the world.

Source: [1] Bybit EU Adopts Nasdaq's Market Surveillance Platform to Reinforce Compliance with MiCAR (https://www.prnewswire.com/news-releases/bybit-eu-adopts-nasdaqs-market-surveillance-platform-to-reinforce-compliance-with-micar-302540755.html)