Bybit’s Expansion in Europe
Bybit, a well-known cryptocurrency exchange, is intensifying its growth efforts within the European market. The company’s European division, Bybit EU Group, has formally submitted a request for an investment firm license to the Austrian Financial Market Authority (FMA) for its subsidiary, Bybit X GmbH.
Investment Firm License Application
This application is part of their strategy to align with the MiFID II Austria Implementation Act. If granted, Bybit X will gain the capability to offer regulated derivative products, such as futures and options, across the entire European Economic Area (EEA).
Transition to Derivatives Sector
This initiative marks an expansion from their current MiCAR-authorized services, which primarily focus on cryptocurrency spot trading, into the lucrative derivatives sector. The effort follows Bybit’s earlier success in obtaining a MiCAR license in May 2025 and is seen as a crucial step in their broader plan for growth in Europe.
Recent Developments
Headquartered in Vienna, the Bybit EU Group successfully rolled out the MiCAR-compliant platform, bybit.eu, in July 2025. Since then, the platform has gained traction and introduced various features, including:
- Spot margin trading with leverage up to 10x
- Collaborations with Circle to enhance USDC use in Europe
- The launch of the Bybit Lite app
- The Bybit Card program
All aimed at improving trading experiences and expanding their trading offerings.
