Bybit has announced the launch of Bybit.eu, a new cryptographic platform aimed at users in the European economy.
In an announcement on July 1, Crypto Exchange Bybit said the new platform is fully licensed as a crypto asset service provider and fully complies with the European Union’s market in regulating cryptographic decryption. Headquartered in Vienna, Austria, BYBIT EU GmbH operates an EEA-specialized platform and passes services to 29 countries in the economy.
According to details posted on X, BYBIT is intended for a new platform to comply with the strict requirements spelled out in MICA. This includes investor protection guidelines and requirements, transparency and compliance with strong capital reserves.
“bybit.eu is a long-term commitment to Europe,” said Mazurka Zeng, Managing Director and Chief Executive Officer of Bybit Eu Gmbh. “Europe deserves a world-class crypto gateway that balances technology with robust regulatory standards. That’s exactly what the BYBIT EU has to offer,” Zeng added.
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Bybit.eu offers a brokerage platform with a localized user experience and 24/7 multilingual support. Large numbers of traders have access to VIP account management.
The initial deployment comes from Vienna, but Bybit will expand its presence through its platforms in offices in Italy, France, Germany and Spain.
Exchange gets mica nods
BYBIT is one of the largest crypto exchanges in the market to secure MICA licenses, reaching its milestone in late May. The exchange received a nod in regulation from Austrian financial market authorities.
The EU’s MICA took full implementation at the end of December 2024, and comprehensive regulations required that all crypto providers register as service providers.
Key compliance requirements include anti-money laundering practices and privacy and security of user data. Stablecoin Regulation is one of the areas MICA is trying to streamline amid widespread support for crypto and blockchain innovation. The eyes of bybit.eu grow in compliance.
“Our goal is to be a catalyst for crypto adoption in Europe,” Zeng said.
Other crypto exchange platforms for protecting Mica Nod include Coinbase, OKX, and Kraken.
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