Bybit announced that it would continue the entire crypto trading service in India after months of regulatory scrape, after pays a $ 1 million fine and registering the country’s financial guard to regain compliance.
Dubai-based crypto exchanges in a press release that India users now have full access to the mobile app through the App Store and Google Play, with the phased restoration of its website expected in the coming days.
It follows the platform Suspension of most services In January 2025, excluding withdrawals, after the Unit-Indian Unit (Son -in -law) It has been determined that it operates without proper registration under anti-money laundering policies.
To return to the market, BYBIT was registered with FIU-IND as a reporting entity before the country’s operations in February were initially re-established. Full restoration, the firm detailed, required month of coordination with regulators and implementing more strictly knowing your customer (KYC) and security protocols.
“India is among the most promising digital asset markets in the world,” said bybit CEO Ben Zhou. “It’s not a comeback, it’s a new chapter for Bybit in India.”
Bybit is, along with Binance and OKX, one of the largest cryptocurrency trading platforms in the world when measured in trading volume, according to CoinDesk’s latest data Review Exchange Report.
