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Bybit has received a MiCAR license from Austria’s FMA, allowing it to operate legally across the EEA. The exchange has also opened its European HQ in Vienna, signaling major investment and hiring plans.
Bybit Gains Regulatory Green Light and Establishes European HQ in Vienna
Bybit has achieved a key regulatory milestone with the approval of its Markets in Crypto-Assets Regulation (MiCAR) license by the Austrian Financial Market Authority (FMA).
According to the press release shared with Bitcoin.com News, the license authorizes Bybit to act as a fully compliant crypto-asset service provider across the European Economic Area (EEA), opening the door to nearly 500 million potential users in 29 countries.
This regulatory green light marks a major step in Bybit’s global strategy, reinforcing its commitment to operating under the highest compliance standards. The MiCAR framework is designed to boost transparency, protect consumers, and prevent illicit activities within the EU’s digital finance ecosystem.
Speaking on the MiCAR approval, Ben Zhou, co-founder and CEO of Bybit, stated,
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.
To anchor its expansion, Bybit has chosen Vienna, Austria, as its European headquarters. The company plans to invest significantly in the region, including hiring over 100 professionals to support its localized offerings.
With the MiCAR license and new European base, Bybit is positioning itself to become a major player in regulated crypto services across Europe.