Bybit EU Group applies for MiFID II license, entering the European derivatives market

Vienna, Austria, September 5, 2025 – Bybit, the world's second-largest cryptocurrency exchange by trading volume, is accelerating its European expansion. Bybit EU Group recently submitted an application to the Austrian Financial Market Authority (FMA) seeking an investment firm license for its subsidiary, Bybit X GmbH, under the MiFID II Austrian Implementing Act.

If approved, Bybit X will be able to offer regulated derivatives products—including futures and options—across the European Economic Area (EEA). This will expand the bybit.eu platform’s business scope beyond its current MiCAR-authorized crypto spot services to include derivatives markets.

Bybit EU Group, headquartered in Vienna, officially launched its MiCAR-compliant platform, bybit.eu, in July 2025. Since its launch, Bybit EU has continued to build momentum, launching spot margin trading with up to 10x leverage, partnering with Circle to promote USDC adoption in Europe, releasing the new Bybit Lite app and Bybit Card program, and continuously expanding the number of trading pairs to enhance the user experience.

Mazurka Zheng, Managing Director and CEO of Bybit EU, said:

"Regulatory clarity is key to Europe's position as one of the most forward-thinking regions in the crypto-asset space. We are very proud that Bybit EU Group has submitted its application for an investment firm license through Bybit X to the Austrian regulator, the FMA. This license will enable Bybit EU Group to further expand its services in the EU through Bybit X and Bybit EU, and to offer derivatives such as futures and options on the bybit.eu platform. We believe this will significantly enhance our market presence in the European Economic Area. Our mission is clear: to provide European users with a full range of crypto services in the safest and most compliant manner."

This application demonstrates Bybit's commitment to a compliance-first growth strategy in one of the world's most advanced financial markets. Once the Investment Firm License is approved, Bybit EU Group will offer a more comprehensive product portfolio to European users, further solidifying its leadership in crypto innovation.