Bybit has obtained a Markets in Crypto-Property Regulation (MiCA) license from Austria’s Monetary Market Authority (FMA), permitting the alternate to increase into the European market.
The approval permits Bybit EU, registered below business quantity 636180i, to function as a regulated crypto asset service supplier (CASP) and lengthen 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 line with a Could 29 information launch shared with Cointelegraph.
The transfer allows the platform to serve practically 500 million Europeans below MiCA’s harmonized framework, which is designed to advertise regulatory consistency, forestall illicit exercise and shield customers.
“Securing the MiCAR license in Austria is a testomony to our compliance-first method at Bybit,” stated 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 very best ranges of regulatory and compliance assurance.”
Associated: Crypto swapper eXch exhibits indicators of life after post-Bybit shutdown
Bybit to rent over 100 in Vienna
Bybit may also rent over 100 workers in Vienna to help its European operations and supply localized crypto providers tailor-made to EU rules. “Vienna is now the house of Bybit Europe,” stated 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 intently with universities throughout the area by its Blockchain for Good Alliance (BGA) initiative to advertise blockchain know-how.
The MiCA framework grew to become enforceable in early 2025, prompting crypto firms to determine regulated bases throughout the bloc to legally increase their providers throughout borders.
Associated: Bybit recovers liquidity ranges 30 days after hack — Kaiko
Bybit turns into second-largest alternate
Based in 2018 and now based mostly in Dubai, Bybit ranks because the second-largest crypto alternate by buying and selling quantity, in line with CoinMarketCap. The corporate relocated its world headquarters from Singapore to Dubai in 2022.
The regulatory win comes after Bybit suffered a large breach in February 2025. The assault led to the lack of $1.5 billion in belongings, making it the biggest crypto theft on report.
On Could 9, German legislation enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen through the Bybit hack.
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