Bybit Secures MiCA License in Austria, to Hire 100

Bybit has obtained a Markets in Crypto-Belongings Regulation (MiCA) license from Austria’s Monetary Market Authority (FMA), permitting the alternate to broaden into the European market.

The approval permits Bybit EU, registered below industrial quantity 636180i, to function as a regulated crypto asset service supplier (CASP) and prolong its companies throughout all 29 European Financial Space member states.

As a part of its enlargement, Bybit has formally established its European headquarters in Vienna, Austria, in accordance to a Could 29 information launch shared with Cointelegraph.

The transfer permits the platform to serve practically 500 million Europeans below MiCA’s harmonized framework, which is designed to promote regulatory consistency, forestall illicit exercise and defend shoppers.

“Securing the MiCAR license in Austria is a testomony to our compliance-first method at Bybit,” mentioned Ben Zhou, co-founder and CEO of Bybit. “We’re actively collaborating with regulators and pursuing licenses globally to guarantee our customers can entry our progressive platform with the best ranges of regulatory and compliance assurance.”

Associated: Crypto swapper eXch shows signs of life after post-Bybit shutdown

Bybit to rent over 100 in Vienna

Bybit will even rent over 100 workers in Vienna to help its European operations and supply localized crypto companies tailor-made to EU laws. “Vienna is now the house of Bybit Europe,” mentioned Mazurka Zeng, CEO of Bybit Europe:

“We’re proud to contribute to Austria’s forward-looking monetary atmosphere by investing in expertise and innovation.”

The agency additionally plans to work carefully with universities throughout the area by its Blockchain for Good Alliance (BGA) initiative to promote blockchain expertise.

The MiCA framework became enforceable in early 2025, prompting crypto corporations to set up regulated bases throughout the bloc to legally broaden their companies throughout borders.

Associated: Bybit recovers liquidity levels 30 days after hack — Kaiko

Bybit turns into second-largest alternate

Based in 2018 and now primarily based in Dubai, Bybit ranks because the second-largest crypto alternate by buying and selling quantity, in accordance to CoinMarketCap. The corporate relocated its international headquarters from Singapore to Dubai in 2022.

The regulatory win comes after Bybit suffered a massive breach in February 2025. The assault led to the lack of $1.5 billion in property, making it the biggest crypto theft on report.

On Could 9, German legislation enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen through the Bybit hack.

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