Bybit Aims to Strengthen Its Footprint in the European Union
Bybit, one of the world’s largest cryptocurrency exchanges by trading volume, has made a significant move by formally applying for an investment firm license under Austria’s implementation of the Markets in Financial Instruments Directive (MiFID II). This development was announced on September 5, 2025, signaling the exchange’s commitment to expanding its services across the European Economic Area (EEA).
What Does This Mean for Cryptocurrency Traders in Europe?
If approved, Bybit’s local entity, Bybit X GmbH, will gain the ability to offer regulated derivatives products like futures and options to European clients. This application follows the launch of Bybit’s innovative crypto payment card in the region, enabling users to spend digital assets, such as Bitcoin (BTC) and USD Coin (USDC), through payment systems like Apple Pay, Google Pay, and physical cards.
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Bybit’s Compliance with EU Regulations
Bybit already operates under the Markets in Crypto-Assets (MiCAR) license, providing spot services through its Bybit.eu platform. The MiFID II license will enable the platform to expand offerings, providing access to a broader suite of financial products while ensuring compliance with European trading laws.
Mazurka Zheng, Managing Director and CEO of Bybit EU, stated, “This license will allow Bybit EU Group to expand its services in the EU through Bybit X and Bybit EU. Our mission is clear: to provide the full range of crypto-focused services to our European users in the safest and most compliant way possible.”
Innovations Driving Bybit’s Growth
Bybit has introduced several key features to enhance the user experience on its platform:
- Spot Margin Trading: With up to 10x leverage for experienced traders.
- Bybit Lite App: A simplified app version for on-the-go cryptocurrency management.
- Bybit Card Program: Partnerships with Circle to promote USDC adoption and crypto payment functionalities.
What’s Next for Bybit?
Looking ahead, Bybit is committed to establishing regulatory clarity as a foundation for Europe’s advanced trading markets. This new license will not only allow for an expansion of derivatives services but will also position Bybit.eu as a leader in innovation and compliance in the cryptocurrency sector.
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