Bybit has obtained a Markets in Crypto-Property Regulation (MiCA) license from Austria’s Monetary Market Authority (FMA), permitting the change to develop into the European market.
The approval permits Bybit EU, registered underneath industrial quantity 636180i, to function as a regulated crypto asset service supplier (CASP) and passport its companies throughout all 29 European Financial Space member states.
As a part of its growth, Bybit has formally established its European headquarters in Vienna, Austria, in accordance with a Could 29 press launch shared with Cointelegraph.
The transfer permits the platform to serve almost 500 million Europeans underneath MiCA’s harmonized framework, which is designed to advertise regulatory consistency, stop illicit exercise and shield shoppers.
“Securing the MiCAR license in Austria is a testomony to our compliance-first strategy at Bybit,” stated Ben Zhou, co-founder and CEO of Bybit. “We’re actively collaborating with regulators and pursuing licenses globally to make sure our customers can entry our revolutionary platform with the very best ranges of regulatory and compliance assurance.”
Associated: Crypto swapper eXch reveals indicators of life after post-Bybit shutdown
Bybit to rent over 100 in Vienna
Bybit may also rent over 100 workers in Vienna to assist its European operations and provide localized crypto companies tailor-made to EU laws. “Vienna is now the house of Bybit Europe,” stated Mazurka Zeng, CEO of Bybit Europe:
“We’re proud to contribute to Austria’s forward-looking monetary atmosphere by investing in expertise and innovation.”
The agency additionally plans to work carefully with universities throughout the area via its Blockchain for Good Alliance (BGA) initiative to advertise blockchain expertise.
The MiCA framework grew to become enforceable in early 2025, prompting crypto companies to determine regulated bases inside the bloc to develop their companies legally throughout borders.
Associated: Bybit recovers liquidity ranges 30 days after hack — Kaiko
Bybit turns into second-largest change
Based in 2018 and now primarily based in Dubai, Bybit ranks because the second-largest crypto change by buying and selling quantity, in accordance with CoinMarketCap. The corporate relocated its international headquarters from Singapore to Dubai in 2022.
The regulatory win comes after Bybit suffered a large breach in February 2025. The assault led to the lack of $1.5 billion in property, making it the biggest crypto theft on file.
On Could 9, German regulation enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen in the course of the Bybit hack.
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