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.” You may also like: Crypto Exchanges Bitget, Bybit Mull Singapore Exit After License Threat — Where Are They Headed Next? Two major crypto exchanges, Bitget and Bybit, are reportedly preparing to scale back operations in Singapore following a final warning from the country’s central bank that threatens their ability to serve overseas clients. Both firms have operated in the city-state without a full license and now face a June 30 deadline to comply or withdraw.The Monetary Authority of Singapore (MAS) last week ordered all digital token service providers without a formal license under the Payment Services... “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. You may also like: European Expansion: CEX.IO Launches Spain Hub, Gets VASP License from Central Bank Crypto exchange CEX.IO has announced the launch of its brand new operational hub in Spain, moving deeper into the European market.According to the press release, the exchange has obtained a Virtual Asset Service Provider (VASP) registration from the Bank of Spain in July 2024. Before opening this new entity, CEX.IO served its Spanish users through the existing Lithuanian entity.Therefore, this is the company’s second entity in Europe. It will enable the team to offer "a localized... The post Bybit Launches MiCAR-Compliant Bybit.eu appeared first on Cryptonews .
