The cryptocurrency exchange Bybit has restored full access to its app for users in India, marking a significant step in its strategy in this market.
Restoration of App Access
Bybit has restored full access to its app on the App Store and Google Play for users in India. Access to the Bybit website is also being restored in phases, with complete functionality expected in the next 3-4 days.
Regulation and New Services
In early 2025, Bybit registered with the Financial Intelligence Unit of India as a reporting entity, ensuring compliance with the Prevention of Money Laundering Act. Following this, Bybit has resumed offering a range of services like Spot trading, Derivatives, and Copy Trading to Indian customers with enhanced KYC procedures.
Bybit's Events and Initiatives in India
Bybit has become the title sponsor of the India Blockchain Tour 2025, which kicked off in Hyderabad. The next stop is in New Delhi, scheduled for September 27-28. Additionally, Bybit has launched the World Series of Trading 2025, featuring various campaigns that offer bonuses for new users.
The restoration of services by Bybit in India underscores the company's commitment to regulatory compliance and its expansion in the rapidly growing cryptocurrency market.
