Bybit Secures MiCAR Approval to Expand Across Europe with Vienna HQ

Bybit has achieved a significant milestone by obtaining regulatory approval under Europe’s Markets in Crypto-Assets Regulation (MiCAR), allowing the exchange to operate legally throughout the European Economic Area. The license, granted by Austria’s Financial Market Authority (FMA), enables Bybit to expand its services across 29 member states, potentially reaching over 500 million users. To solidify its presence in Europe, Bybit has established its regional headquarters in Vienna, marking a strategic move to tap into the growing European crypto market. This development underscores Bybit’s commitment to compliance and expansion, positioning it as a key player in the region’s digital asset landscape.

Bybit Expands Into Europe With MiCAR Approval and Vienna HQ

Bybit has secured regulatory approval under Europe’s Markets in Crypto-Assets Regulation (MiCAR), enabling the exchange to operate legally across the European Economic Area. The license, granted by Austria’s Financial Market Authority (FMA), positions Bybit for expansion across 29 member states, tapping into a potential user base of over 500 million.

The exchange has established its European headquarters in Vienna, signaling a strategic commitment to the region. Bybit plans to hire more than 100 employees and support local blockchain talent, while reinforcing compliance and security measures to align with MiCAR’s stringent requirements.

This MOVE underscores the growing institutionalization of crypto services in Europe, as firms like Bybit adapt to evolving regulatory frameworks. The MiCAR license, effective from early 2025, is already reshaping the competitive landscape, with exchanges localizing operations to maintain compliance and market access.