Bybit will open its European headquarters in Vienna after securing its Austrian MICA license. With the MICA license, BYBIT can serve all 29 European economic areas. Bybit plans to hire and cooperate with local universities in Vienna.
Bybit established its European headquarters in Vienna, Austria, and after successful acquisition of European Union market-based licenses, it has established the Crypto-Disassembly Rules (MICA) framework.
The regulatory milestone announced on May 29th demonstrates the exchange’s solid commitment to compliance, positioning it to provide legal and seamless service across the 29 member states of the European Economic Area.
https://t.co/qernvrteeb
– BYBIT (@BYBIT_OFFICIAL) May 29, 2025
Bybit is now able to serve all European residents
This approval was granted by the Austrian Financial Markets Authority (FMA), which allows the approval of the BYBit EU, registered under the commercial number 636180i, to operate as a regulated cryptocurrency service provider (CASP) within the BLOC.
Enforceable in early 2025, the MICA framework is restructuring the European crypto landscape by requiring all companies that provide local digital asset services under unified licensing conditions.
Bibit’s ability to protect this license not only is it ready to adapt to evolving legal standards, but also sets precedents for other exchanges aimed at justifying its presence within Europe.
The Dubai-based exchange has now been able to serve nearly 500 million European residents under a harmonious legal framework designed to increase market transparency, enhance consumer protection and combat illegal activities.
Bybit co-founder and CEO Ben Zhou stressed that regulatory compliance remains a top priority, saying that companies are actively working with regulators around the world to ensure users benefit from strong legal protections.
Bybit promises to create more than 100 jobs in Vienna
As part of its entry into the European market, BYBIT is committed to creating more than 100 new jobs in Vienna, supporting its goal of providing localized services that meet localized customer needs in line with EU regulations.
Mazurka Zeng, CEO of Bybit Europe, expressed his enthusiasm for the move, describing Viyna as the new home for Bybit’s European operations, highlighting the company’s contribution to Austria’s progressive financial ecosystem.
In addition to expanding its employees, BYBit plans to strengthen relations with academic institutions across the region through the blockchain of the Good Alliance (BGA), an initiative designed to promote blockchain innovation and education.
Currently ranked as the second largest crypto exchange by volume, BYBit continues to build a global footprint with a new focus on regulatory legitimacy and user-centric services.
Despite facing a major set-off at the beginning of the year with a $1.5 billion security breaches, BYBit has regained market confidence and demonstrated its resilience by regaining liquidity within just 30 days.
In particular, German law enforcement authorities helped seize around 34 million euros from the crypto platform exchange, allegedly used to wash some of the funds stolen during the February 2025 Bibit attack.
