Bybit Makes a Comeback: Trading Resumes in the U.K. Market

Bybit flips the switch back on for U.K. traders. The crypto exchange is officially back in business across the pond, marking a significant pivot in its regulatory strategy.

The Regulatory Re-Entry

This isn't just a soft launch—it's a full-scale return. The move signals Bybit's commitment to operating within established financial frameworks, a stark contrast to the 'ask for forgiveness later' approach favored by some in the industry. They've navigated the necessary hurdles to meet local compliance standards.

What This Means for the Market

Liquidity gets a boost. U.K.-based traders regain direct access to a major global order book, potentially tightening spreads and increasing market depth. It's a win for competition, forcing other exchanges to sharpen their offerings or risk losing clients. After all, in finance, the only thing better than a monopoly is a duopoly you can exploit.

The move restores a key corridor for capital flow and reinforces the U.K.'s complex dance of embracing crypto innovation while trying to keep it on a regulatory leash. One cynical observer might note it's another case of traditional finance reluctantly building the door after the crypto horse has already bolted.

Bybit has reentered the U.K. after a two-year pause, reopening access to spot trading on about 100 crypto pairs for local users. Instead of operating directly, the exchange is using a structure that aligns with the Financial Conduct Authority’s strict financial promotion rules by routing services and marketing through London-based, FCA-regulated crypto exchange Archax. This partnership lets Bybit regain U.K. exposure without holding its own domestic license while staying within the promotion regime.