Bybit is establishing its European headquarters in Vienna, Austria, following the successful acquisition of a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.
The regulatory milestone, announced on May 29, signals the exchange’s firm commitment to compliance and positions it to offer services legally and seamlessly across the 29 member states of the European Economic Area.
The approval was granted by Austria’s 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.
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The MiCA framework, which became enforceable in early 2025, is reshaping the European crypto landscape by requiring all firms offering digital asset services in the region to operate under unified licensing conditions.
Bybit’s ability to secure this license not only showcases its readiness to adapt to evolving legal standards but also sets a precedent for other exchanges aiming to legitimise their presence within Europe.
The Dubai-based exchange can now serve the nearly 500 million residents across Europe under a harmonised legal framework designed to enhance market transparency, strengthen consumer protection, and combat illicit activities.
Ben Zhou, the co-founder and CEO of Bybit, emphasised that regulatory compliance remains a top priority and stated that the firm is actively collaborating with regulators worldwide to ensure its users benefit from robust legal protections.
As part of its entry into the European market, Bybit has committed to creating more than 100 new jobs in Vienna, supporting its goal of offering localised services that align with EU rules and meet regional customer needs.
Mazurka Zeng, the CEO of Bybit Europe, expressed enthusiasm about the move, describing Vienna as the new home of Bybit’s European operations and highlighting the firm’s contribution to Austria’s progressive financial ecosystem.
In addition to scaling its workforce, Bybit plans to strengthen ties with academic institutions throughout the region through its Blockchain for Good Alliance (BGA), an initiative designed to promote blockchain innovation and education.
Currently ranked as the second-largest crypto exchange by trading volume, Bybit continues to build its global footprint with a renewed focus on regulatory legitimacy and user-centric services.
Despite facing a major setback earlier in the year with a $1.5 billion security breach, Bybit has demonstrated resilience by regaining market confidence and recovering liquidity within just 30 days.
Notably, law enforcement authorities in Germany helped in seizing approximately €34 million from the crypto platform eXch, which was allegedly used to launder part of the funds stolen during the February 2025 attack on Bybit.
The post Bybit opens European headquarters in Vienna after securing MiCA license in Austria appeared first on CoinJournal.
Bybit opens European headquarters in Vienna after securing MiCA license in Austria
Source: https://coinjournal.net/news/bybit-opens-european-headquarters-in-vienna-after-securing-mica-license-in-austria/
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