Bybit Receives License in Austria Under MiCA Regulations
Crypto exchange Bybit has received a license in Austria under the Markets in Crypto Assets (MiCA) framework. Key points include:
- Bybit is now compliant with Europe’s MiCA regulations.
- The MiCA rules took effect at the beginning of this year.
- Austria is also home to crypto trading firm Bitpanda.
- Founded in 2018, Bybit has become the second largest exchange by volume.
- The exchange moved its headquarters from Singapore to Dubai in 2022.
- In February 2025, Bybit suffered a significant hack, losing $1.5 billion in assets.