Cryptocurrency exchange Bybit, the second-largest globally by trading volume, has announced further steps in its European expansion. The company has officially submitted its license application in Austria.
Bybit X License Application
Bybit EU Group has submitted a license application through its Austrian entity, Bybit X GmbH. This will enable the company to offer regulated derivatives products, such as futures and options, to clients across the European Economic Area (EEA).
Crypto Asset Market in Europe
The successful acquisition of the MiCAR license in May 2025 has allowed Bybit to launch the bybit.eu platform in compliance with European standards. This confirms the growing interest in crypto assets and the need for regulatory compliance to ensure user security.
Bybit EU Development Strategy
According to Mazurka Zheng, Managing Director of Bybit EU, obtaining the license is a vital step for expanding the company's services. "This will be a significant boost to our presence in the EEA," Zheng noted. Bybit aims to provide a full range of crypto asset services in the safest and most compliant manner.
Bybit's expansion in Europe and the submission of the investment license application reflect the company's commitment to strengthening its market position and meeting client needs for regulated products.
