The cryptocurrency exchange Bybit has announced a significant step in its European expansion by submitting an application for an investment firm license in Austria.
Bybit's European Expansion
Vienna-based Bybit X GmbH, part of Bybit EU Group, has applied for a license under the Austrian Markets in Financial Instruments Directive (MiFID II). This will allow Bybit to offer regulated derivatives products to clients across the European Economic Area (EEA).
New Services on the bybit.eu Platform
Once granted a license, Bybit will expand its offerings on bybit.eu to include options and futures. This will enhance the existing services covered by the prior MiCAR license obtained in May 2025. Amongst new functionalities, Bybit may offer margin trading with up to 10x leverage.
Overview of Bybit
Bybit EU Group, founded in Vienna, launched its MiCAR-compliant platform in July 2025. Led by CEO Mazurka Zheng, the company emphasizes its commitment to regulatory compliance in the cryptocurrency space. "Regulatory clarity is key to making Europe one of the most forward-thinking regions in crypto-assets," Zheng points out.
Bybit X's license application underscores the company's ambition to be a leader in the European cryptocurrency market and provide users with a wide range of services in a safe and compliant environment.
