Bybit has announced the launch of Bybit.eu, a new crypto platform targeted at users in the European Economic Area.
Crypto exchange Bybit said in its announcement on July 1 that the new platform is fully licensed as a crypto-asset service provider and fully compliant with European Union’s Markets in Crypto-Assets regulation. Bybit EU GmbH, headquartered in Vienna, Austria, will operate the EEA-dedicated platform, passporting its services across 29 countries in the economic area.
According to details posted on X, 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.
Exchanges get MiCA nod
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.
