- Bybit received a license to operate in Austria under Europe’s new MiCA crypto regulations.
- The MiCA rules allow registered firms to offer digital asset services across all EU countries.
- BitPanda is another crypto trading firm based in Austria and also holds a license in Germany.
- Bybit is recognized as the second largest crypto exchange by trading volume, according to CoinMarketCap.
- Bybit suffered a $1.5 billion hack in February 2025, marked as the largest crypto theft to date.
Bybit, a major cryptocurrency exchange, has secured regulatory approval to operate in Austria as part of compliance with the Markets in Crypto Assets (MiCA) regime. The MiCA framework, set up by the European Union, allows registered digital asset firms to serve clients across all 27 EU member states.
The Austrian Financial Market Authority (FMA) has listed Bybit as a licensed provider. With this registration, Bybit joins other companies such as Bitpanda, which calls Austria its home base and also holds regulatory credentials in Germany.
Bybit was established in 2018 by entrepreneur Ben Zhou. The company moved its headquarters from Singapore to Dubai in 2022 and has since grown to become the world’s second largest cryptocurrency exchange by volume, according to CoinMarketCap.
In February 2025, Bybit experienced a major security breach, resulting in the loss of $1.5 billion in assets. This event is considered the largest recorded theft in the cryptocurrency sector.
At the time of publication, Bybit had not issued a public response to inquiries about its new license or the recent hack.
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