Today, Bybit officially launched Bybit EU at a press conference in Vienna, Austria, announcing the beginning of a new era for crypto exchange in Europe.
Launch of Bybit EU and the Company's Initiatives
Bybit EU has become a fully licensed entity compliant with the Markets in Crypto-Assets Regulation (MiCAR), allowing it to offer services to users across the European Economic Area. According to **Ben Zhou**, Co-Founder and CEO of Bybit, "Six years ago, we started with zero users and a bold vision. Today, we serve over 72 million users worldwide, and our mission continues."
Regulatory Decisions of MiCAR
Bybit EU has received full MiCAR authorization, granting it the legal right to operate in all 29 EEA member states, providing crypto services legally. This marks an important step in unifying the crypto regulation landscape in Europe.
Vienna as a Strategic Headquarters Center
The choice of Vienna as Bybit EU's hub is attributed to its central geographical location, effective financial system, and multilingual population. **Mazurka Zeng**, CEO of Bybit EU, highlighted that Vienna was chosen due to its strong legal and financial infrastructure along with a progressive stance on financial innovation.
The launch of Bybit EU in Austria symbolizes a new phase in the development of the crypto industry in Europe, supported by regulation and high standards of compliance, creating a safe and transparent ecosystem.
