Bybit clarifies the status of BIT tokens amid discussions within the crypto community. Additionally, the company is entering the Dutch market by opening a new office in Amsterdam.
Clarification on BIT Token Status
Bybit clarified that the BIT token has never been their exchange token. Igneus Terrenus, Head of Communications, explained that BIT is BitDAO’s governance token, not Bybit's. BIT tokens held by Alameda Research are currently restricted from migrating to MNT, and a legal process is determining their status.
Mantle's MIP-27 Proposal
The discussion about migrating $BIT tokens held by the FTX Group has sparked debate among Mantle community members. In response, Mantle Governance proposed a new policy, MIP-27, to clarify the migration terms. The proposal builds on the previous MIP-22 and aims to resolve the current situation.
Bybit Expands in Amsterdam
Bybit continues its expansion by opening a new office in Amsterdam. This move underscores the company’s commitment to strengthening its presence in the European market and attracting new clients.
The status of the BIT token has been clarified, and Bybit is making a significant step towards expanding in the European market by opening a new office in Amsterdam.
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