Bybit Splits Crypto and Payments Into Two Austrian | Crypto Work Pro
Bybit Payments GmbH has been granted an digital money establishment licence in Austria, giving Bybit a second regulated entity alongside its MiCA-authorised crypto business.
The two firms will keep separate capital and safeguarding obligations whereas clients entry each by way of a single Bybit.eu account.
Regulation, Not Branding, Drives the Split
Bybit EU GmbH has held MiCA authorisation since May 2025, overlaying crypto custody, exchange, and shopper transfers. Bybit Payments GmbH now holds the EMI licence, overlaying e-money and fee providers.
The two licences sit below completely different EU regimes. MiCA units guidelines for crypto-asset custody and trading. EMI standing brings separate necessities round capital, risk management, and client-fund safeguarding below PSD2.
Bybit can not fold funds into its crypto entity with out assembly each units of necessities twice over, which is why the business is break up on the legal-entity degree reasonably than merged into one licence.
Other Exchanges Split Licences the Same Way
Bybit will not be alone in retaining crypto and funds below separate licences.
Kraken has held an EMI authorisation for its Irish entity since 2023. It added a MiCA licence from the identical regulator a yr later. The EMI licence covers 27 EU states; the MiCA licence passports throughout the 30-country EEA.
Crypto.com took the other route. The exchange has held an EMI licence in Malta since 2021. It added MiCA authorisation in January 2025.
In February 2026, it returned to the MFSA for a separate Limited Financial Institutions licence, overlaying stablecoin providers that fell below each MiCA and PSD2 directly.
The sample throughout all three exchanges factors to the identical constraint. No single EU licence but covers crypto custody and fee providers collectively. Platforms are assembling the 2 capabilities from separate approvals as every product line requires it.
The EMI Licence Covers Services That Are Not Live Yet
Bybit has not launched any of the merchandise the EMI licence permits. The company lists person-to-person funds, Strong Customer Authentication, open-banking performance, service provider fee instruments, and card merchandise as candidates for future rollout.
“Maintaining a clear distinction between the two regulated entities is fundamental,” stated Bernhard Krick, managing director at Bybit Payments GmbH.
“Each entity will provide services within its own permissions, while customers will be able to access those services through the Bybit.eu platform.”
Georg Harer, who holds the managing director position at each entities, framed the EMI licence as a method to cut back Bybit’s reliance on third-party fee suppliers and construct direct relationships with banks and fee establishments over time.
Bybit has not set a date for when the fee options will go dwell. The company says additional particulars on product launches and the broader European rollout will comply with.
Bybit Payments GmbH has been granted an digital money establishment licence in Austria, giving Bybit a second regulated entity alongside its MiCA-authorised crypto business.
The two firms will keep separate capital and safeguarding obligations whereas clients entry each by way of a single Bybit.eu account.
Regulation, Not Branding, Drives the Split
Bybit EU GmbH has held MiCA authorisation since May 2025, overlaying crypto custody, exchange, and shopper transfers. Bybit Payments GmbH now holds the EMI licence, overlaying e-money and fee providers.
The two licences sit below completely different EU regimes. MiCA units guidelines for crypto-asset custody and trading. EMI standing brings separate necessities round capital, risk management, and client-fund safeguarding below PSD2.
Bybit can not fold funds into its crypto entity with out assembly each units of necessities twice over, which is why the business is break up on the legal-entity degree reasonably than merged into one licence.
Other Exchanges Split Licences the Same Way
Bybit will not be alone in retaining crypto and funds below separate licences.
Kraken has held an EMI authorisation for its Irish entity since 2023. It added a MiCA licence from the identical regulator a yr later. The EMI licence covers 27 EU states; the MiCA licence passports throughout the 30-country EEA.
Crypto.com took the other route. The exchange has held an EMI licence in Malta since 2021. It added MiCA authorisation in January 2025.
In February 2026, it returned to the MFSA for a separate Limited Financial Institutions licence, overlaying stablecoin providers that fell below each MiCA and PSD2 directly.
The sample throughout all three exchanges factors to the identical constraint. No single EU licence but covers crypto custody and fee providers collectively. Platforms are assembling the 2 capabilities from separate approvals as every product line requires it.
The EMI Licence Covers Services That Are Not Live Yet
Bybit has not launched any of the merchandise the EMI licence permits. The company lists person-to-person funds, Strong Customer Authentication, open-banking performance, service provider fee instruments, and card merchandise as candidates for future rollout.
“Maintaining a clear distinction between the two regulated entities is fundamental,” stated Bernhard Krick, managing director at Bybit Payments GmbH.
“Each entity will provide services within its own permissions, while customers will be able to access those services through the Bybit.eu platform.”
Georg Harer, who holds the managing director position at each entities, framed the EMI licence as a method to cut back Bybit’s reliance on third-party fee suppliers and construct direct relationships with banks and fee establishments over time.
Bybit has not set a date for when the fee options will go dwell. The company says additional particulars on product launches and the broader European rollout will comply with.
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