Bybit Secures MiCA License, Expands in Europe
- Bybit acquires MiCA license, expands in Europe.
- Headquarters established in Vienna.
- Passport regulated services across Europe.
Bybit, a leading cryptocurrency exchange, has obtained a MiCA license from Austria’s Financial Supervisory Service on May 29, 2025, allowing it to operate within the European Union.
Bybit’s license signifies a step in integrating compliant crypto services in Europe, enhancing its market position amidst growing regulation.
Strategic European Expansion
Bybit secured the MiCA license, empowering its operations across the European Union. The exchange has set its European headquarters in Vienna, Austria, facilitating expansion within the region. Ben Zhou, Founder of Bybit, remarked, “Our MiCA license underscores our commitment to regulatory compliance and allows us to better serve our customers across Europe.” source
Market Growth and Leadership
Founder Ben Zhou leads Bybit since its inception in 2018. Under his leadership, the exchange has grown significantly, becoming the second-largest by trading volume, relying on its ability to adapt to regulatory environments.
Regulatory Compliance and Market Position
Obtaining the MiCA license enhances Bybit’s standing in the European market, aligning with regulatory standards and fostering customer trust. The license permits seamless operation inside the European trading block. Entering Austrian jurisdiction, positions Bybit alongside firms like Bitpanda, which also holds a MiCA license in Austria and Germany, reflecting Austria’s rise as a favorable hub for crypto businesses.
Regulatory Landscape and Challenges
Europe’s MiCA regulatory framework is shaping the landscape for digital assets, guiding firms towards strategic jurisdiction choices. Bybit’s entry into Austria represents this trend. Regulatory approval grants Bybit favorable market access. Experienced significant growth and a major security breach in February 2025, losing $1.5 billion, highlighting risks despite regulatory compliance.
