Bybit has introduced it’s resuming full crypto buying and selling providers in India after months of regulatory friction, after paying a $1 million high quality and registering with the nation’s monetary watchdog to regain compliance.
The Dubai-based crypto trade stated in a press launch that Indian customers now have full entry to its cell app by way of the App Retailer and Google Play, with phased restoration of its web site anticipated over the approaching days.
This follows the platform’s suspension of most providers in January 2025, excluding withdrawals, after the Monetary Intelligence Unit-India (FIU-IND) decided it had been working with out correct registration underneath anti-money laundering guidelines.
To return to the market, Bybit registered with FIU-IND as a reporting entity earlier than initially re-establishing operations within the nation in February. Full restoration, the agency detailed, required months of coordination with regulators and implementation of stricter Know Your Buyer (KYC) and safety protocols.
“India is among the many most promising digital asset markets globally,” stated Bybit CEO Ben Zhou. “It is not a comeback, it is a new chapter for Bybit in India.”
Bybit is, together with Binance and OKX, one of many largest cryptocurrency buying and selling platforms on the earth when measured by buying and selling quantity, in line with CoinDesk Knowledge’s newest Change Evaluation report.
