Crypto exchange Bybit has received authorization under the Markets in Crypto-Assets Regulation (MiCA) framework from Austria’s Financial Market Authority (FMA), marking a significant step in its push into the European market.
With this license, Bybit EU—registered under commercial number 636180i—can legally operate as a crypto asset service provider (CASP) across all 29 member countries of the European Economic Area (EEA).
In tandem with the regulatory approval, Bybit has established its European headquarters in Vienna, according to a press release issued on May 29.
This development positions the platform to serve close to half a billion people across Europe under MiCA’s unified regulatory standards, aimed at ensuring compliance, combating financial crime, and safeguarding users.
“Our MiCA license in Austria reflects Bybit’s commitment to operating within regulatory frameworks,” said co-founder and CEO Ben Zhou. “We’re working hand-in-hand with regulators to provide a secure and compliant environment for our users globally.”
Vienna to Become Key Hub, Over 100 Jobs to Be Created
To support its European growth, Bybit plans to hire more than 100 employees in Vienna, reinforcing its commitment to localized services and regulatory alignment within the EU.
“Vienna is officially the base for Bybit Europe,” said Mazurka Zeng, CEO of the exchange’s European division. “We’re excited to invest in local talent and contribute to Austria’s progressive financial ecosystem.”
As part of its broader mission, Bybit will collaborate with universities in the region through its Blockchain for Good Alliance (BGA), encouraging blockchain innovation and education.
The MiCA regulation came into effect in early 2025, pushing crypto companies to secure proper authorization to legally expand services throughout the EU.
Bybit’s Market Position and Security Challenges
Founded in 2018 and headquartered in Dubai since 2022, Bybit has grown to become the world’s second-largest cryptocurrency exchange by trading volume, according to CoinMarketCap. It moved its global headquarters from Singapore to Dubai to align with a more crypto-friendly environment.
This regulatory milestone comes after a major security incident in February 2025, during which Bybit experienced a $1.5 billion hack—the largest theft in crypto history.
In a related development, German authorities confiscated €34 million (around $38 million) from eXch, a platform allegedly used to launder a portion of the stolen funds.
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