Bybit Pursues MiFID License for EU Derivatives, Phases | Crypto Work Pro
Bybit CEO and co-founder Ben Zhou lately delivered a
live-streamed keynote on social media platform X. Zhou confirmed that Bybit is
making use of for a MiFID II license within the European Union.
This would enable the crypto exchange to offer regulated
derivatives merchandise, together with futures and choices, to European purchasers. The
MiFID license would develop Bybit’s companies past its present MiCA
registration, which at present covers solely spot crypto trading.
“We are engaged on our MiFID license, which means hopefully
within six months we’ll current by-product trading merchandise within the EU, all
compliant,” Zhou stated.
CFDs Now Integrated In-App Platform
During the keynote, Bybit introduced it might no longer
help MetaTrader 5, directing customers to its own TraFi 5 platform. A company
consultant stated: “Our TraFi 5 is now reside in your Bybit app—no more
MT5. We’re the primary main exchange to launch TraFi entry
immediately in-app. All commodities, CFDs, and shares are reside through CFDs.”
The
change brings multi-asset trading crypto, shares, and forex, beneath one
roof, with decrease charges and nearer integration. It additionally displays Bybit’s purpose to
transfer away from third-party trading platforms.
NEWS: @Bybit_Official secures #MiCAR license and units up its European HQ in Vienna. Now absolutely regulated to operate throughout all 29 EEA nations beneath EU #crypto legal guidelines. pic.twitter.com/nwrLYglab4
— Roundtable Network (@RTB_io) May 29, 2025
Regulatory Push in Europe, UAE, and India
Bybit has already launched Bybit.EU, a
platform designed to adjust to MiCA guidelines. The company plans to introduce
localized cost options and develop its derivatives companies throughout the
area. Zhou additionally famous that the exchange is pursuing extra licenses in
the UAE and India.
You could discover it attention-grabbing at FinanceMagnates.com: Tourists
in Rio May Soon Pay with Crypto as Bybit and Tether Expand.
User Growth and Security Incident
Zhou said that Bybit now has 74 million customers. He claimed
the exchange is the second-largest globally by consumer base. He additionally addressed a
main security incident earlier this 12 months, calling it “the biggest hack in
human historical past.” The
breach concerned the theft of $1.5 billion in Ethereum.
Zhou stated the assault didn’t impression Bybit’s own
infrastructure however prompted a full third-party security review. The company has
since upgraded its wallet systems and partnered with blockchain analytics companies
to hint the stolen belongings.
Product Developments and Upgrades
The keynote included a number of product updates. Bybit
executives have taken advisory roles in Mantle, an Ethereum Layer 2 project
incubated by the exchange. The platform has launched an up to date AI trading
assistant that includes social sentiment into trading indicators.
Users can now entry tokenized shares, together with Apple and
Tesla. The Bybit Card has expanded to Latin America and Southeast Asia and now
gives cashback rewards. A new wealth management characteristic has additionally been
launched for customers with over $1 million in belongings.
Planned Features for Retail and Institutional Clients
Upcoming product launches embody a Web3 wallet for direct
on-chain trading and a request-for-quote system for institutional customers. The
company can also be introducing a simplified interface for yield merchandise, divided
into three classes: Easy, On-Chain, and Advanced.
This article was written by Tareq Sikder at www.financemagnates.com.
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