Bybit has established its European headquarters in Vienna, Austria, following the successful acquisition of a license under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.
The regulatory milestone, announced on May 29, marks a decisive step in the exchange’s commitment to compliance and positions it to operate legally and seamlessly across the 29 member countries of the European Economic Area.
https://t.co/QernVrteeb
— Bybit (@Bybit_Official) May 29, 2025
Bybit can now offer services to all European residents
The approval was granted by the Austrian Financial Market Authority (FMA), authorising Bybit EU, registered under commercial number 636180i, to operate as a regulated crypto-asset service provider (CASP) within the bloc.
The MiCA framework, which took effect in early 2025, reshaped Europe’s crypto landscape by requiring all firms offering digital-asset services in the region to operate under a unified licensing regime.
Bybit’s ability to secure this license demonstrates its readiness to meet evolving legal standards and sets a precedent for other exchanges seeking to legitimise their presence in Europe.
Headquartered in Dubai, the exchange can now provide services to nearly 500 million residents across Europe under a harmonised legal framework designed to increase market transparency, strengthen consumer protection and combat illicit activity.
Ben Zhou, Bybit’s co-founder and CEO, emphasised that regulatory compliance remains a priority and said the firm is actively collaborating with regulators worldwide to ensure users benefit from robust legal protections.
Bybit committed to creating more than 100 jobs in Vienna
As part of its entry into the European market, Bybit has pledged to create more than 100 new jobs in Vienna, supporting its objective to deliver locally based services that comply with EU rules and meet regional customer needs.
Mazurka Zeng, CEO of Bybit Europe, expressed enthusiasm about the move, describing Vienna as the new home for Bybit’s European operations and highlighting the company’s contribution to Austria’s progressive financial ecosystem.
In addition to expanding its workforce, Bybit plans to deepen ties with academic institutions across the region through the Blockchain for Good Alliance (BGA), an initiative aimed at promoting blockchain innovation and education.
Currently ranked as the world’s second-largest crypto exchange by trading volume, Bybit continues to expand its global footprint with renewed focus on regulatory legitimacy and customer-centric services.
Despite a major setback earlier this year involving a $1.5 billion security breach, Bybit has demonstrated resilience by restoring market confidence and recovering liquidity within 30 days.
Notably, law enforcement authorities in Germany helped seize approximately €34 million from the crypto platform eXch, which was alleged to have been used to launder some of the funds stolen in the February 2025 attack on Bybit.