Crypto alternate Bybit has been granted a license in Austria in compliance with Europe’s framework for dealing in digital property, the Markets in Crypto Belongings (MiCA) regime, in accordance with the web site of the native regulator FMA.
Europe’s new MiCA guidelines got here into power initially of this yr, prompting corporations to pick essentially the most applicable member state to base operations and passport providers throughout the 27-country buying and selling block.
Austria can be the MiCA dwelling base of crypto buying and selling agency Bitpanda which additionally holds a licence in Germany.
Based in 2018 by entrepreneur Ben Zhou, Bybit, which has risen to change into the second largest alternate by quantity in accordance with CoinMarketCap, relies in Dubai having moved its headquarters from Singapore in 2022.
In February 2025, the alternate was hacked ensuing within the lack of $1.5 billion in property within the largest cryptocurrency theft on document.
Bybit didn’t instantly reply to requests for remark.
