Bybit Launches Bybit.eu Compliant with EU's MiCA Regulation

Bybit, a prominent cryptocurrency exchange, has launched Bybit.eu, a dedicated platform tailored for traders within the European Economic Area. The new platform is fully compliant with the Markets in Crypto-Assets Regulation (MiCA), ensuring that it meets all the necessary regulatory standards set by the European Union. Bybit EU GmbH, headquartered in Vienna, Austria, will operate the EEA-dedicated platform, passporting its services across 29 countries in the economic area.

Bybit.eu is designed to provide a secure and compliant trading environment for EU-based users, aligning with the stringent requirements of the MiCA framework. The platform includes adherence to investor protection guidelines and requirements, transparency, and strong capital reserves. Bybit purpose-built the new platform to comply with the rigorous requirements spelled out in MiCA. This includes adherence to investor protection guidelines and requirements, transparency, and strong capital reserves.

“Bybit.eu is our long-term commitment to Europe,” said Mazurka Zeng, managing director and chief executive of Bybit EU GmbH. “Europe deserves a world-class crypto gateway that balances technology with robust regulatory standards. That’s exactly what Bybit EU delivers,” Zeng added. Bybit.eu offers a brokerage platform with localized user experience and 24/7 multilingual support. High-volume traders will have access to VIP account management.

While its initial rollout is from Vienna, Bybit plans to expand its presence via the platform with offices across Italy, France, Germany and Spain. Bybit is one of the top crypto exchanges in the market to secure a MiCA license, with the company achieving the milestone in late May. The exchange received the regulatory nod from the Financial Market Authority of Austria. The EU’s MiCA came into full implementation at the end of December 2024, with the comprehensive regulation mandating all crypto providers to register as service providers.

Key compliance requirements include anti-money laundering practices and user data privacy and security. Stablecoin regulation is one of the areas MiCA seeks to streamline amid broader support for crypto and blockchain innovation. Bybit.eu eyes growth amid compliance. “Our goal is to become a catalyst for crypto adoption in Europe,” said Zeng. Other crypto exchange platforms to secure the MiCA nod include Coinbase, OKX, and Kraken.

The launch of Bybit.eu is a strategic move by Bybit to strengthen its position in the European market. By adhering to the MiCA regulation, Bybit is not only ensuring compliance but also building trust with its users. This move is likely to have a positive impact on the overall cryptocurrency market in Europe, as it sets a precedent for other exchanges to follow suit and comply with regulatory standards. The introduction of Bybit.eu is expected to have a positive impact on the European cryptocurrency market. By offering a compliant platform, Bybit is likely to attract more users who prioritize regulatory compliance and security. This move also aligns with the growing trend among European banks, which are increasingly offering crypto trading services following the regulatory clarity provided by MiCA.