Bybit Secures MiCA License from Austrian Regulator

Crypto exchange Bybit has obtained a Markets in Crypto-Assets Regulation (MiCA) license from Austria’s Financial Market Authority (FMA). This significant move allows the firm to enter the European market. 

Founded in 2018, Bybit ranks as the second-largest crypto exchange by trading volume, according to data from CoinMarketCap. The firm located its global headquarters from Singapore to Dubai in 2022. The latest license strengthens its position among institutional investors, demonstrating that it operates with strong security and transparency in the evolving crypto world.

Bybit Establishes EU Headquarters in Vienna

The MiCA framework came into effect in early 2025, intending to provide regulatory clarity and consistency across the EU’s crypto market. The license will enable Bybit to operate as a regulated crypto asset service provider (CASP) across all 29 European Economic Area (EEA) member states. 

Additionally, this move allows the platform to serve nearly 500 million Europeans under MiCA’s unified framework. The policy aims to ensure regulatory consistency, combat illicit activity, and safeguard consumers. Ben Zhou, co-founder and CEO of Bybit, emphasized the company’s commitment to regulatory compliance, stating: 

“Securing the MiCAR license in Austria is a testament to our compliance-first approach at Bybit. We are actively collaborating with regulators and pursuing licenses globally to ensure our users can access our innovative platform with the highest levels of regulatory and compliance assurance.”

Moreover, Bybit has officially established its European headquarters in Vienna, Austria, marking a strategic expansion into the EU market. The company plans to hire over 100 staff in Vienna to support its operations and offer localized crypto services tailored to EU regulations.

Bybit also plans to work closely with universities across the region. The collaboration will take place through its Blockchain for Good Alliance (BGA) initiative to promote blockchain technology.

Bybit Expands Services

Bybit’s expansion into the EU comes after it suffered a significant security incident in February 2025. The exchange lost a whopping $1.4 billion to a hack, the largest cryptocurrency theft on record. 

Since then, the exchange has been working to enhance its measures and rebuild user trust. They have also expanded their services. Earlier this month, Bybit became the first crypto exchange to enable stock trading using USDT.