Bybit obtained a market regulatory license in the Crypto-Assets (Mica) markets of Austria Financial Market Authority (FMA), allowing the exchange to develop on the European market.
The approval allows the EU of Bybit, recorded in commercial number 636180i, to operate as a provider of regulated cryptographic asset services (CASP) and to extend its services in the 29 Member States of the European Economic Zone.
As part of its expansion, Bybit officially established its European registered office in Vienna, Austria, according to a press release of May 29 shared with Cointtelegraph.
This decision allows the platform to serve nearly 500 million Europeans in the harmonized mica framework, which is designed to promote regulatory consistency, prevent illegal activity and protect consumers.
“The security of the LAWSHIP in Austria testifies to our approach first in accordance with Bybit,” said Ben Zhou, co-founder and CEO of Bybit. “We actively collaborate with regulators and continue licenses worldwide to ensure that our users can access our innovative platform with the highest levels of regulatory insurance and compliance.”
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Support to hire more than 100 in Vienna
Bybit will also hire more than 100 employees in Vienna to support its European operations and offer localized cryptography services adapted to EU regulations. “Vienna is now the house of Bybit Europe,” said Mazurka Zeng, CEO of Bybit Europe:
“We are proud to contribute to the prospective financial environment of Austria by investing in talents and innovation.”
The company also plans to work in close collaboration with the universities of the region thanks to its Blockchain for Good Alliance (BGA) initiative to promote blockchain technology.
The Mica framework became enforceable in early 2025, which prompted cryptographic companies to establish regulated bases in the block to legally extend their services through borders.
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The appeal becomes a second exchange
Founded in 2018 and now based in Dubai, Bybit ranks like the second largest exchange of crypto in negotiation volume, according to CoinmarketCap. The company has moved its world headquarters from Singapore to Dubai in 2022.
The regulatory victory comes after Bybit underwent a massive violation in February 2025. The attack led to the loss of $ 1.5 billion in assets, making it the largest flight of cryptography ever registered.
On May 9, the German police seized 34 million euros ($ 38 million) in exch cryptocurrency, a cryptocurrency platform that would have launched stolen funds during the bybit hacking.
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