Cryptocurrency traders in the European Economic Area can now use ByBit’s new EU-complaint platform for secure and transparent digital asset transactions.
ByBit.eu complies with the European Union’s Markets in Crypto-Assets Regulation (MiCAR), specifically regarding investor protection, operational transparency and capital reserves, in turn, allowing individual traders to operate legally on their platform, the company said in a statement.
"Our goal is to become a catalyst for crypto adoption in Europe"
Supporting mainstream investment
ByBit’s incorporation of the MiCAR requirements into its platform aims to make it easier for traditional investors to engage in the cryptocurrency market, enabling them to integrate digital assets into their diversified portfolios.
Other crypto exchanges, including Crypto.com and Crypto Finance, already have MiCAR licences, either for specific countries or covering the EU.
The provision of services within the EU’s legal boundaries is important for the growing crypto market and ensuring it shifts to the mainstream financial world.
European ambitions
The platform provides:
- A brokerage platform with liquidity sourcing from multiple providers and ByBit’s trading tools
- Localized user experience and customer service
- 24/7 multilingual support
- VIP account management for high-volume traders
"Europe deserves a world-class crypto gateway that balances technology with robust regulatory standards,” said ByBit’s EU CEO, Mazurka Zeng. “That's exactly what Bybit EU delivers."
The company is expanding its EU operations, complementing its current hubs in Vienna and Amsterdam with new offices across France, Germany, Spain and Italy.
