Bybit to Halt Services in France Due to New Regulations

Bybit, a major cryptocurrency exchange, halted all services and products in France, starting today.

This decision is a response to new regulatory requirements in the country.

French users will be unable to make new purchases, open or add to positions on Bybit from the specified date. This includes all services like Bybit Earn and spot trading.

Open positions must be closed by 11:00 AM on August 13, after which any remaining will be liquidated, though withdrawals will still be possible.

This move comes as France tightens its licensing rules for crypto businesses, in preparation for the European Union’s upcoming Crypto Asset Markets (MiCA) regulations, expected to be fully implemented by December.

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Bybit expressed hope to return to the French market once appropriate licenses are obtained. In July, the platform accounted for 12% of the $134.65 billion total trading volume across crypto exchanges.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.