Journalist
Sead Fadilpašić
Journalist
Sead Fadilpašić
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Major crypto exchange Bybit has launched its EU-dedicated platform, Bybit.eu. The novel website will exclusively serve users in the European Economic Area (EEA).
According to the press release, Bybit EU GmbH will operate the novel platform. This is a fully licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR).
Bybit.eu offerings include a brokerage platform, which the team claims has “deep liquidity sourcing from multiple liquidity providers.” Additionally, it provides advanced trading tools.
There is also VIP account management for high-volume traders that meets specific regional needs.
Moreover, says the announcement, the platform offers localized user experience and customer service in major European languages, as well as 24/7 multilingual support. Currently, live help is available in English, Polish, Portuguese, and Spanish. Bybit plans to add German, French, Italian, and Romanian.
And speaking of expansion, the exchange says it will open new regional offices across France, Germany, Spain, and Italy. This is in addition to the current offices in Vienna (Bybit EU GmbH) and Amsterdam (Satos B.V.).
This launch, the announcement claims, “marks a major milestone in Bybit’s mission to provide secure, transparent, and fully compliant digital asset trading in Europe.”
Mazurka Zeng, Managing Director and CEO at the Vienna office, added that the exchange’s “goal is to become a catalyst for crypto adoption in Europe.”
“Bybit EU: Long-Term Commitment to Europe”
In late May this year, Bybit announced that it had received its MiCAR license from Austria’s Financial Market Authority (FMA). This enabled it to offer regulated crypto services across 29 EEA countries, reaching some 450 million users, with headquarters in Vienna.
The license has been a massive step for the company as it allows it to act as a fully regulated crypto-asset service provider under the European Union’s digital finance framework.
Therefore, says the announcement, Bybit EU GmbH operations are transparent and come with regular regulatory reporting. It is fully compliant with EU anti-money laundering laws and adheres to GDPR and data privacy regulations.
“Bybit.eu is our long-term commitment to Europe,” Zeng says. “Europe deserves a world-class crypto gateway that balances technology with robust regulatory standards. That’s exactly what Bybit EU delivers,” he claims.
Meanwhile, Bybit, along with Bitget, was preparing to scale back operations in Singapore, per June reports. This followed an order from the Monetary Authority of Singapore (MAS) that threatened the companies’ ability to serve overseas clients.
However, over the past few months, crypto companies have been increasingly opening their doors in Europe, spurred by the region’s clearer regulations and rising adoption.
