Bybit has obtained a Markets in Crypto-Belongings Regulation (MiCA) license from Austria’s Monetary Market Authority (FMA), permitting the trade to increase into the European market.
The approval permits Bybit EU, registered below industrial quantity 636180i, to function as a regulated crypto asset service supplier (CASP) and passport its providers throughout all 29 European Financial Space member states.
As a part of its growth, Bybit has formally established its European headquarters in Vienna, Austria, in response to a Could 29 press launch shared with Cointelegraph.
The transfer allows the platform to serve almost 500 million Europeans below MiCA’s harmonized framework, which is designed to advertise regulatory consistency, stop illicit exercise and shield customers.
“Securing the MiCAR license in Austria is a testomony to our compliance-first strategy at Bybit,” mentioned Ben Zhou, co-founder and CEO of Bybit. “We’re actively collaborating with regulators and pursuing licenses globally to make sure our customers can entry our revolutionary platform with the best ranges of regulatory and compliance assurance.”
Associated: Crypto swapper eXch shows signs of life after post-Bybit shutdown
Bybit to rent over 100 in Vienna
Bybit will even rent over 100 workers in Vienna to help its European operations and provide localized crypto providers tailor-made to EU rules. “Vienna is now the house of Bybit Europe,” mentioned Mazurka Zeng, CEO of Bybit Europe:
“We’re proud to contribute to Austria’s forward-looking monetary surroundings by investing in expertise and innovation.”
The agency additionally plans to work carefully with universities throughout the area by way of its Blockchain for Good Alliance (BGA) initiative to advertise blockchain expertise.
The MiCA framework became enforceable in early 2025, prompting crypto companies to ascertain regulated bases inside the bloc to increase their providers legally throughout borders.
Associated: Bybit recovers liquidity levels 30 days after hack — Kaiko
Bybit turns into second-largest trade
Based in 2018 and now primarily based in Dubai, Bybit ranks because the second-largest crypto trade by buying and selling quantity, in response to CoinMarketCap. The corporate relocated its world headquarters from Singapore to Dubai in 2022.
The regulatory win comes after Bybit suffered a massive breach in February 2025. The assault led to the lack of $1.5 billion in belongings, making it the biggest crypto theft on document.
On Could 9, German regulation enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen throughout the Bybit hack.
Journal: Move to Portugal to become a crypto digital nomad — Everybody else is
By admin