Bybit Enters Europe with Full Regulatory Approval

Bybit is making a bold move into the European crypto market after securing regulatory approval under the EU’s MiCA framework.

The exchange, now officially licensed by Austria’s Financial Market Authority, is cleared to offer its services across the entire European Economic Area.

The company is anchoring its regional presence in Vienna, where it plans to scale up operations and hire over 100 staff. This strategic expansion puts Bybit in a position to serve nearly half a billion people under a unified regulatory structure designed to increase transparency, consumer protection, and cross-border consistency.

Bybit CEO Ben Zhou described the approval as part of the exchange’s “compliance-first” global strategy. The exchange also intends to collaborate with European universities through its Blockchain for Good Alliance, promoting blockchain adoption and education.

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Despite a $1.5 billion hack earlier this year—one of the largest in crypto history—Bybit has rebounded strongly. German authorities have since recovered part of the stolen funds. Today, Bybit ranks as the world’s second-largest crypto exchange by trading volume, operating out of Dubai after relocating its headquarters from Singapore in 2022.

With MiCA now in effect, major players like Bybit are racing to secure footholds across Europe—and Vienna is now its gateway to the bloc.

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.