Bybit Expands European Footprint with MiCAR-Compliant Platform Launch

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has taken a significant step in expanding its European presence with the launch of Bybit.eu. This dedicated platform, operated by Bybit EU GmbH from its Vienna base, is fully compliant with the Markets in Crypto-Assets Regulation (MiCAR), offering regulated crypto services to users across the European Economic Area (EEA). The move strategically positions Bybit to serve 450 million potential users across 29 EEA countries, combining deep liquidity from multiple providers with advanced trading tools. This development marks a pivotal moment in Bybit's growth strategy, demonstrating its commitment to regulatory compliance while expanding access to cryptocurrency services for European investors. The platform's launch comes at a time when regulatory clarity is increasingly important in the crypto space, and Bybit's proactive approach positions it as a leader in compliant digital asset services.

Bybit Launches MiCAR-Compliant Platform for European Crypto Users

Bybit, the world's second-largest cryptocurrency exchange by volume, has officially launched Bybit.eu, a dedicated platform for users in the European Economic Area. Operated by Bybit EU GmbH, the Vienna-based entity leverages its MiCAR license to serve 29 EEA countries, offering 450 million Europeans access to regulated crypto services.

The platform combines DEEP liquidity from multiple providers with advanced trading tools, localized interfaces, and 24/7 multilingual support. VIP account management caters to high-volume traders, reinforcing Bybit's commitment to harmonizing technology with EU regulatory standards.

$2.5 Billion in Crypto Hacks in Q1 2025: Non-Custodial Wallets Gain Traction

The cryptocurrency sector suffered $2.5 billion in losses from hacks during Q1 2025, with two major incidents—the Bybit cold wallet breach and Cetus Protocol exploit—accounting for $1.7 billion. Excluding these, losses totaled $690 million, painting a less dire picture. Q2 saw a 52% decline in incidents, with $800 million lost across 144 attacks.

Wallet compromises remained the most damaging threat, responsible for $1.7 billion in losses despite comprising only 34 incidents. Phishing attacks followed, with 132 cases stealing $410 million, highlighting persistent vulnerabilities in user education and security practices.

Non-custodial wallets like Best Wallet are witnessing surging adoption as traders seek alternatives to mitigate custodial risks. The shift reflects growing recognition that self-sovereign asset management reduces exposure to exchange vulnerabilities and large-scale breaches.