Bybit launches MiCAR-compliant crypto platform for Europe!

Bybit launches MiCAR-compliant crypto platform for Europe!

On July 1, 2025, the crypto exchange Bybit successfully launched the new platform Bybit.eu, which is compliant with the Regulation on Markets in Crypto Assets (MiCAR). This initiative aims to promote safe, transparent and legally compliant crypto trading in Europe. Bybit offers services such as crypto custody, exchange, transfer and placement of digital assets on the platform, reports BTC Echo.

The managing director of the European branch, Mazurka Zeng, emphasizes Bybit's long-term commitment to the European market. The company plans to expand its physical presence in Europe with new locations in countries such as Germany, France, Spain and Italy. Bybit has over 70 million customers worldwide and is one of the largest crypto exchanges by trading volume.

Bybit as a pioneer in EU regulation

Bybit is one of the first cryptocurrency exchanges to comply with European Union regulations for markets in crypto assets. By obtaining a license, Bybit can now operate throughout the EU, giving the exchange expanded opportunities to offer crypto services. Loud Crypto News Bybit was listed as a provider of crypto assets on the website of the Austrian Financial Market Authority on May 29th.

MiCA regulation requires all crypto asset service providers to register with a relevant financial authority in one of the EU member states. This includes exchanges and wallets that must adhere to strict security, risk management and anti-money laundering standards. These requirements also include the collection of user transaction data.

Challenges and progress

The BadbyBit company has not only made regulatory progress but also overcome challenges. In February, Bybit was removed from its blacklist by the French financial regulator AMF. CEO Ben Zhou stated that the company is actively working to secure its MiCA license. Additionally, Bybit recently registered with the Indian Revenue Authority after paying a $1 million fine for non-compliance.

However, these efforts have been overshadowed by a serious incident: a $1.4 billion hack believed to be the largest of its kind in history, attributed to North Korean hackers. Despite the fact that users did not suffer any direct losses, Bybit has so far been unable to recover most of the stolen funds. As of May 27, nearly half of the stolen funds are now reportedly untraceable.

With the launch of the new platform and advances in regulatory compliance, Bybit continues to position itself as a key player in the European crypto market.