The Crypto Exchange Bybit was granted an Austria license in compliance with the European framework for dealing with digital assets, the regime market in Crypto Assets (MICA), according to the local regulator website FMA.
European MICA’s new MICA policies began with the start of this year, motivating companies to select the most appropriate member state to base the passport operations and services throughout the 27-country block block.
Austria is also the Mica Home Base of the Crypto Trading Firm Bitpanda who also holds a Germanic license.
Established in 2018 by entrepreneur Ben Zhou, Bybit, to rise to be the second largest exchanging volume according to CoinMarketCapIt is based in Dubai that its headquarters moved from Singapore in 2022.
In February 2025, the exchange was that it resulted in a loss of $ 1.5 billion in possessions with the largest cryptocurrency robbery.
Bybit did not respond immediately to the requests for the comment.
