Bybit, the second-largest crypto exchange by market volume, has officially launched Bybit.eu for its over 450 million users within the European Economic Area (EEA). This milestone came after the exchange acquired a MiCA license to give crypto users within Europe seamless access to the exchange’s services while also ensuring they adhere to EU regulations.
Just over a month ago, Bybit EU GmbH, the company under which Bybit.eu will operate, received a MiCA-compliant license from Austria’s FMA. But thanks to MiCA’s passporting principle, Bybit EU GmbH can legally provide its services in up to 29 EEA countries. This is a big milestone for Bybit, as it can now expand its market across the EEA under a single platform.
“Bybit.eu is our long-term commitment to Europe,” said Mazurka Zeng, Managing Director and CEO 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.”
Alongside many other big exchanges, Bybit’s services has not been fully available in most European regions since late 2023. This has shrunk the region’s access to larger crypto services. With Bybit EU GmbH formally setting up headquarters in Vienna, the exchange will be able to serve millions of users across Europe. The company also plans to expand its physical presence with regional offices across Spain, France, Germany, and Italy.
Bybit.eu is purpose-built for EEA users and meets all the Markets in Crypto-Assets Regulation (MiCA) requirements. In a bid to best serve users in the region, the platform offers a localized user experience and customer service in major European languages, as stated in its press release alongside other features for users.
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