Bybit EU launches in Austria with full MiCAR license, expanding regulated crypto services across 29 EEA countries. Bybit EU will operate as a licensed Crypto-Asset Service Provider (CASP), with its Vienna office serving as a hub for operations and local engagement with industry participants and the academic sector. Bybit representatives emphasize that this is a significant strategic step, and regulatory compliance is a driving force of long-term value.
Regulated Status of Bybit and MiCAR Compliance Architecture
Bybit not only recovered from the security incident at record speed, restoring balances and even liquidity while remaining one of the most advanced and reliable crypto platforms in the industry. Moreover, it is expanding rapidly. In particular, Bybit announced the expansion of its services in full compliance with European regulators.
Bybit EU GmbH operates as a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR) and is managed through the Bybit EU GmbH platform. The FMA license covers the provision of the following services:
- custody and administration of crypto-assets on behalf of clients;
- exchange of crypto-assets for funds;
- exchange of crypto-assets for other crypto-assets;
- placing of crypto-assets;
- transfer services for crypto-assets on behalf of clients.
“Bybit EU is now fully operational and regulated under the Markets in Crypto-Assets Regulation (MiCAR), making it one of the first globally active crypto exchanges to obtain full authorization to serve all 29 countries within the European Economic Area.”
Bybit Co-Founder and CEO Ben Zhou commented on this milestone event with enthusiasm:
“Six years ago, we started with zero users and a bold vision. Today, we serve over 27 million users worldwide, and our mission continues. With Bybit EU, we’re combining innovation with regulation, building a secure and user-centric crypto ecosystem right here in the heart of Europe.”
Moreover, the launch of the European office is not limited to the licensing aspect. Vienna is considered a long-term operational base with broad involvement in the local context. According to the CEO & Managing Director of Bybit EU, Mazurka Zeng, the choice of Vienna was based on the following factors:
“Vienna was deliberately chosen as the location for the company’s European headquarters due to its central geographic position, strong legal and financial infrastructure, and access to a highly educated, multilingual workforce.”
Accordingly, the company plans to hire over 100 employees for its Vienna office and to initiate open partnerships with Austrian universities and research institutions. The goal is to support the development of blockchain and financial technology at both the local and international levels.
“Bybit EU is also introducing an open-office concept in its Vienna headquarters – creating a space where builders, developers, entrepreneurs, and partners from across the crypto ecosystem are welcome to connect, exchange ideas, and collaborate.”
Managing Director and Head of Legal & Compliance at Bybit EU, Georg Hager, also commented separately on the strategic importance of MiCAR compliance not only as a legal obligation but as a driver of sustainable development:
“MiCAR is more than a regulatory framework – it’s a turning point for our industry. It brings clarity, accountability, and above all, trust. At Bybit EU, we see compliance not as a burden, but as a driver of long-term value. A sign of its long-term intent to contribute to a mature, well-governed crypto ecosystem – one that is fully integrated with European values, safeguards, and ambitions.”
Conclusion
Without a doubt, a groundbreaking move and impressive achievement. Bybit, already one of the top crypto platforms, continues to strengthen its position and offer more products and services to an ever-growing user base. Stay tuned for the latest updates on crypto, blockchain, and DeFi.
