Bybit officially launch Bybit.eu for European Union traders

News

Bybit, one of the leading centralized exchanges by trading volumes and open interest, announced the official launch of Bybit.eu, a platform exclusively designed for users from the European Economic Area (EEA). The new exchange is fully compliant with MiCAR requirements, with no obstacles to trading digital assets in the Euro Area. 

Bybit officially launched Bybit.eu, a platform specifically dedicated to traders from the European Economic Area (EEA). The new platform launched about a month after Bybit secured a MiCAR license, allowing it to offer services compliant with EU regulations. 

Bybit.eu will be operated under Bybit EU GmbH, a fully licensed Crypto-Asset Service Provider under the current MiCA regulations. The launch of a European platform is a milestone for Bybit, which already has a significant global presence. 

‘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.’

The market operator will have its headquarters in Vienna, Austria, and will branch out to 29 potential markets, offering crypto access to over 450M Europeans. Currently, the EU market is fragmented, with smaller local platforms and additional access to some of the larger market operators. 

A full MiCAR license also means no surprising shocks to trading, and a certainty that all traded crypto assets have passed the compliance requirements. 

Bybit tailors its services to European users

The new trading platform is compliant with all requirements for investor protection, transparent reporting, and capital reserves. Bybit.eu offers a brokerage service with deep liquidity from multiple partnering markets. The European site taps the available liquidity from multiple sources, tapping tools backed by Bybit’s global scale. 

The platform will also be localized in several major European languages. Support will be available 24/7 with live assistance in English, Polish, Portuguese, and Spanish, with upcoming rollouts in German, French, Italian, and Romanian. The company will also open regional offices in several European countries.

Bybit.eu will also offer VIP accounts for high-volume traders, crypto custody, and reward and incentive programs, all of which are compliant with EU requirements. The products will be available to all EEA markets except for Malta.

Bybit to tap local blockchain talent

Bybit aims to build on Europe’s wider acceptance of crypto. The platform will invest in local communities and tap EU-based talent. 

Bybit.eu aims to serve as a trusted partner for blockchain developers, institutions, and end users. The exchange aims to help Europe shape the future of digital finance. Bybit has stated it aims to become a catalyst for wider crypto adoption in Europe.

The European platform will exist as a separate entity, as Bybit currently runs a signup campaign. For now, European users can still access their global program accounts, but some are calling to create special new accounts on Bybit.eu. Existing users can use their current global Bybit identity to register and prepare to fulfill the KYC requirements.

Current Bybit traders from the EU are advised to close all positions and prepare to transfer to the new platform, which will separate EU-based traders from the global platform.

KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply