Bybit has taken a significant step into the European crypto market. The Dubai-based crypto exchange has secured a Markets in Crypto-Assets Regulation (MiCA) license from Austria’s Financial Market Authority (FMA). This new approval allows Bybit to expand its services across the European Economic Area. It also joined firms like BitGo that have received MiCA approval , aiming to build a strong base in the EU’s regulated crypto market. Bybit Gains Green Light to Operate Across Europe In a recent press statement, Bybit EU revealed it has officially secured a MiCA license. This license will allow the exchange to operate as a regulated crypto asset service provider (CASP) across Europe and offer its services in 29 European Economic Area (EEA) countries. This means nearly 500 million people in the region can legally access the platform. MiCA was created to make crypto rules the same across Europe. It aims to protect users, prevent illegal activity, and give clear guidelines to crypto companies. Vienna Becomes Home To Bybit’s European Operations As part of this expansion, Bybit opened its European headquarters in Vienna, Austria. The announcement was made in a press release on May 29. The exchange plans to hire over 100 staff in Vienna to support its European operations. These employees will help deliver crypto services tailored to local EU regulations. Mazurka Zeng, CEO of Bybit Europe, said the company is proud to contribute to Austria’s forward-looking financial environment. She added that Bybit invests in talent and innovation to support this growth. Bybit Moves Forward After a Difficult Year The license approval is a major milestone for Bybit, especially after a challenging period. In February 2025, the platform experienced the largest crypto hack, losing $1.5 billion in assets. In April, Bybit’s CEO and co-founder Ben Zhou, revealed that over two-thirds of the siphoned funds are still trackable. Just weeks ago, German authorities seized €34 million from eXch, a platform allegedly used to launder funds stolen in that attack. Despite the setback, Bybit is showing signs of recovery and commitment. The exchange is working closely with regulators and continues to pursue licenses worldwide. Zhou said securing the MiCA license in Austria is a testament to Bybit’s compliance-first approach. The trading platform is not just focused on regulation and expansion. Through its “Blockchain for Good Alliance” (BGA), the company plans to partner with universities across Europe to promote education and research in blockchain technology . This will help build a stronger future for the crypto industry. Founded in 2018 and now based in Dubai, Bybit is the world’s second-largest crypto exchange by trading volume, according to CoinMarketCap. With the MiCA license now secured and a new base in Vienna, Bybit is set to play a major role in the future of Europe’s digital assets. The post Bybit Enters Europe With MiCA License and New Vienna HQ appeared first on TheCoinrise.com .
