In line with the web site of native regulator FMA, Crypto Alternate Bybit is licensed in Austria in accordance with the European framework, a marketplace for the digital asset Crypto Property (MICA) regime.
Earlier this yr, new MICA guidelines for Europe got here into impact, urging corporations to pick passport providers based mostly on probably the most acceptable member international locations throughout the 27-country buying and selling block.
Austria can also be the MICA dwelling base of Bitpanda, a crypto buying and selling firm that additionally holds licenses in Germany.
Based in 2018 by entrepreneur Ben Zhou, Bybit has risen to be the second largest trade in accordance with Coinmarketcap and relies in Dubai, which moved its headquarters from Singapore in 2022.
In February 2025, the trade was hacked and misplaced $1.5 billion in belongings within the largest cryptocurrency theft on document.
Bybit didn’t reply instantly to requests for remark.
