KEY TAKEAWAYS
- Bybit EU has launched its headquarters in Vienna, Austria, becoming one of the first crypto exchanges to receive full authorization under the Markets in Crypto-Assets Regulation (MiCAR).
- The company plans to expand its operations in Vienna, hiring over 100 professionals and partnering with local universities to foster blockchain and financial technology innovation.
- Bybit EU aims to create a comprehensive crypto ecosystem with high standards of user protection, leveraging regulation as a competitive advantage.
Bybit EU has officially launched its operations in Europe, marking a significant milestone with the establishment of its headquarters in Vienna, Austria. The announcement was made during a press conference, where Bybit EU revealed its full authorization under the Markets in Crypto-Assets Regulation (MiCAR), granted by Austria’s Financial Market Authority (FMA). This makes Bybit EU one of the first globally active crypto exchanges to obtain such a license, allowing it to operate across all 29 countries within the European Economic Area.
The company aims to deliver fast, secure, and intuitive crypto services, emphasizing regulatory clarity and transparency. Ben Zhou, Co-Founder and CEO of Bybit, highlighted the company’s growth from zero users to over 72 million worldwide, underscoring the importance of combining innovation with regulation in the European market.
Vienna as a Strategic Base for European Growth
Vienna was strategically chosen as the location for Bybit EU’s headquarters due to its central geographic position and robust legal and financial infrastructure. Mazurka Zeng, CEO & Managing Director of Bybit EU, noted Austria’s progressive stance on financial innovation and its evolving sandbox model for digital assets as key factors in this decision.
Bybit EU is investing in the local economy by expanding its operations and planning to hire over 100 professionals in Vienna. The company is also building partnerships with Austrian universities to support research and innovation in blockchain and financial technology. These efforts reflect Bybit’s commitment to establishing a strong local presence and contributing to the European financial ecosystem.
A Regulated Ecosystem
Bybit EU’s platform is designed to offer more than just trading, aiming to create a comprehensive crypto ecosystem that meets the evolving needs of European users. The company’s infrastructure adheres to high standards of user protection, including ISO/IEC 27001 certification and multi-party computation (MPC) wallet technology.
Georg Harer, Managing Director and Head of Legal & Compliance at Bybit EU, emphasized the role of MiCAR as a catalyst for responsible growth, viewing regulation as a competitive advantage. Bybit EU’s presence in Vienna signals its long-term intent to contribute to a mature, well-governed crypto ecosystem aligned with European values and safeguards.
The full details of Bybit EU’s launch and its strategic initiatives can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit EU has launched its operations in Europe with a full Markets in Crypto-Assets Regulation (MiCAR) license, establishing its headquarters in Vienna, Austria. This move allows Bybit to operate across all 29 countries within the European Economic Area.
Recent industry reports indicate a significant trend in the adoption of MiCAR licenses across the European Union. This aligns with Bybit’s strategic development in securing a MiCAR license to enhance its operational capabilities across the EU market.
As per insights from CoinCentral, Bybit’s expansion into Europe with a MiCAR-compliant platform is seen as a strategic move that reinforces its commitment to regulatory standards and technological innovation. This supports Bybit’s aim to establish a strong presence in the European crypto ecosystem.
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