- Bybit is expanding its European operations with a new office in Amsterdam, marking a significant move
- The launch is supported by SATOS, ensuring regulatory compliance and driving growth in the Dutch market
- Bybit’s Amsterdam office is part of a broader strategy to enhance its presence and influence across Europe
One of the world’s leading cryptocurrency exchanges, Bybit, is furthering its global reach and strategic focus on Europe. From the head office founded less than one year ago in Dubai, Bybit is preparing to open a new regional office in Amsterdam, serving the Dutch market.
This initiative is possible thanks to increased collaboration with SATOS-reiterates Bybit’s commitment to complying with local regulations while fostering the growing interest in crypto assets throughout the Netherlands.
Bybit Eyes European Expansion with New Amsterdam Office
The cryptocurrency exchange Bybit, which set up its global headquarters in Dubai less than a year ago, is going to further expand its business into Europe by opening a regional office in Amsterdam.
Setting up the new bureau in the Dutch capital was made possible by a strengthened partnership with SATOS, which holds the country’s Virtual Asset Service Provider license and is utilized by Bybit to carry out its operation in the local market.
Crypto Exchange Bybit Opens New European Office
Hailing the promising opportunities opened by the Dutch regulatory environment, and growing interest around the world in crypto assets, Bybit plans to set up a permanent office in Amsterdam in the next few months.
Bybit announced that opening a local office will further expand its ability to adhere to Dutch regulations while better serving the local crypto community. Additionally, the company described the Amsterdam location will also serve as a co-working venue, allowing networking and knowledge sharing within the broader crypto industry.
“We are committed to providing a safe and secure trading environment for all of our users, fully understanding the importance of compliance with local regulations,” said Ben Zhou, Co-Founder and CEO of Bybit.
As noted in the introduction, this represents the opening of yet another office for Bybit after it moved its global headquarters to the United Arab Emirates, particularly to Dubai, back in April 2023.
For the last quarters, the Middle East has been attracting an array of major cryptocurrency brands around the world as it plans to be established as the digital assets hub.
SATOS and Bybit Partnership
In June 2023, Bybit inked a partnership with SATOS to continue serving cryptocurrency traders in the Netherlands following recent regulatory changes in the country. In June 2023, SATOS secured a strategic partnership with Bybit to help the latter continue its cryptocurrency exchange services unabated in the face of recent regulatory changes in the country.
The exchange grew significantly in the Netherlands after partnering with SATOS. Bybit reportedly doubled its revenue there month-on-month since June of this year.
“Our partnership with SATOS allows us to continue offering our services to Dutch users by meeting all the requirements set out by regulators,” Zhoud added.
Bybit currently sits in the top three crypto exchanges in the world for trading volume, boasting 20 million users. It advertises itself as an exchange where users can “experience super-fast trading,” has 24/7 customer support, and offers a wide variety of coin pairs.
At the end of 2023, the company celebrated five years of its operations by introducing new tools related to decentralization and Web3.
Conclusion
This Amsterdam Expansion cements further the execution of Bybit’s pledge for compliance and sensible growth in the European market.
The new office attests not only to its presence in the region but also forms part of an over-arching strategy to firm up the best-in-class regulatory positions in jurisdictions that are essential.
As Bybit expands its reach across the globe, the enduring partnership with SATOS will prove vital in maneuvering through the changing regulatory landscape, all while guaranteeing the persistent provision of secure and dependable services to its users.
