Bybit Launches in UK, Supported by FCA-Authorised Archax

Cryptocurrency exchange Bybit has launched its services in the United Kingdom to cater to the growing demand for digital asset platforms. Operating under a framework aligned with the Financial Conduct Authority (FCA) standards, Bybit is supported by Archax, an FCA-authorized firm, ensuring compliance with local AML and KYC regulations.

Key Offerings and Market Context

Bybit re-entered the UK market on Dec. 19, offering Spot trading across 100 pairs and P2P services.
The exchange benefits from deep global liquidity and high operational standards.
Approximately 8% of UK adults currently own digital assets, reflecting rising crypto adoption.
Mykolas Majauskas, Senior Director of Policy at Bybit, emphasized providing reliable access to global digital asset opportunities within a transparent and compliant framework.

Regulatory Environment

The UK Treasury is actively working on crypto regulations, targeting implementation by 2027.
These regulations aim to treat crypto assets similarly to other financial products under FCA rules.
Rachel Reeves, Chancellor of the Exchequer, highlighted the importance of regulation for maintaining the UK's status as a leading financial centre.