- Bybit launches Bybit.eu to deliver secure crypto trading for EEA users.
- New CASP license under MiCAR covers 29 EEA countries for Bybit.eu.
- Bybit.eu offers VIP services and local language support for big traders.
Bybit has taken another big step forward. The world’s second-largest crypto exchange by trading volume has launched Bybit.eu. This is a new website built just for users in the European Economic Area (EEA). This objective can be described as not so difficult: to provide millions of Europeans with safe, transparent, and legally non-questionable trading in crypto. This news was shared via Bybit official X account.
Bybit EU Gains CASP License for 29 EEA Nations
Bybit EU GmbH is the company that manages the new platform. This is a Vienna-based company in Austria. It owns a special license named a Crypto-Asset Service Provider (CASP) through MiCAR. MiCAR is a rather new EU legislation, a regulation on digital assets. The license that Bybit holds applies to 29 fully within the EEA. This implies that Bybit.eu allows more than 450 million individuals to operate the platform in order to trade crypto within the sanction of the law.
It is a large event in the work of Bybit in Europe. According to Mazurka Zeng who is the head of Bybit EU GmbH, this demonstrates the potential of Bybit in the region. According to him, Europe needs a powerful crypto gateway that operates with good technology and adheres to definite rules. That is what Bybit.eu try to do.
Bybit.eu is designed specifically to users in Europe. First, the location complies with the rigorous regulations posted by MiCAR. Such rules safeguard the investors and ensure the company operates transparently. Bybit.eu has also some amount of money in reserve to undertake large transactions without failure.
More than that, Bybit.eu provides a high number of tools to traders. There is a large number of liquidity providers that customers can trade with deeply. They also acquire superior trading tools, which are globally accepted.
The other advantage is the local touch. Bybit.eu is not another international site. It also supports its customers in major European languages. At the moment, the live support exists in English, Polish, Portuguese, and Spanish.
Bybit.eu Fully Complies with EU AML and GDPR Rules
VIP services are provided to the large traders. These have been tailored to address special needs in a particular country. Bybit does not want traders to worry that they are not in the right hands, regardless of where they are located.
Besides the website, Bybit is growing its local presence. The firm will set up new offices in France, Germany, Spain, and Italy. These will be in addition to its vital sites in Vienna and Amsterdam. Bybit will be able to serve European users through local offices.
Bybit.eu is also made to be trusted. It complies with the entire EU anti-money laundering regulation. It adheres to the strict privacy regulations of Europe in GDPR. The users would be assured that their data is secure.
Bybit is not satisfied with providing some trading. It desires to make Europe develop in digital finance. It is set to invest in local innovations, novel ideas, and inhabitants. The company is aiming to find cooperation with developers, banks, and ordinary crypto users.
According to Mazurka Zeng, Bybit wants to enable more users to use crypto. Bybit is looking to become a dependable entity in the European digital future. One of the giant steps of that plan is the opening of Bybit.eu.
By making this step, Bybit becomes a part of other large crypto players who act in compliance with new European regulations. Because cryptocurrencies are becoming more popular in Europe, Bybit is willing to be the first to introduce safe, legal, and convenient services. The European crypto landscape is bright, and Bybit.eu is going to play a large role.
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