Main notes
- In addition to securing the MICA license in Austria, BYBIT has created its European headquarters in Vienna.
- As part of its expansion in the European Union, the stock exchange plans to employ more than 100 employees.
- OKX and Etoro also received a MICA license, showing the new trend to control the European Union.
Cryptocurrency Exchange bybit has obtained a market in the license of encryption assets (MICA) from the Austrian organizers. This represents a great compliance with the organizational framework in the European Union and the enormous expansion of the company in the region.
Bybit creates an office in Vienna
The Capital Market Authority (FMA) in Austria has agreed to the MICA license, allowing the exchange an opportunity to expand its operations in the European Union. It was registered under the 636180i commercial number, the European Unbit was approved by a law to work as a casp asset service provider in the European market.
– Bybit (bebit_official) May 29, 2025
This license also allows exchange to expand its services in all member states throughout the 29 European Economic Zone. In light of this coordinated MICA regulatory framework, bybit can serve up to 500 million Europeans.
In addition to the creation of its European headquarters in Vienna, the bybit, which previously witnessed the stealing of the main ETHEREUM, is planning to employ up to 100 city employees to enhance its local operations. These team members will help facilitate the display of encryption services designed for the regulatory landscape of the European Union.
As part of its broader mission, the company also aims to enhance industry growth through the Blockchain for Good Alliance (BGA) initiative. To support this, Bybit is actively building partnerships with universities throughout Europe, which enhances cooperation and innovation at the academic level.
“We are proud to contribute to the aspirational financial environment of Austria by investing in talent and innovation,” said Mazuka Zang, CEO of BYBIT EUROPE.
Ben Chu, co -founder and CEO of bybit, claimed that the license reflects the stock exchange’s commitment to the first compliance approach. He also stated that the exchange of encryption is constantly cooperating with the organizers and continuing licenses worldwide.
In the long run, the goal is to ensure that its users can reach an “innovative platform with the highest levels of guarantee and compliance.”
Mika license in the hands of encryption exchange
It should be noted that the organizational framework MICA entered into force this year, before Donald Trump became President of the United States. In the past five months, many encryption exchanges have obtained licenses in the various European Union countries to facilitate the ongoing operations.
OKX received a full MICA license in February, which allowed it a “passport” of its services in all member states all over the 28 European Economic Zone (EA).
This came a few weeks after the stock exchange received a license for MICA in January. With a full license, encryption traders in European Union countries are now allowed to buy and sell digital assets such as Bitcoin
BTC
106 dollars 156
24 hours fluctuation:
0.9 %
The maximum market:
$ 2.11
Folder. 24h:
$ 38.01 b
Ethereum
Eth
$ 2 655
24 hours fluctuation:
1.1 %
The maximum market:
$ 320.53 b
Folder. 24h:
$ 26.60 b
Solana
Teller
167.0 dollars
24 hours fluctuation:
1.7 %
The maximum market:
86.93 dollars b
Folder. 24h:
$ 3.77 b
And XRP associated with ripples
Xrp
$ 2.27
24 hours fluctuation:
1.2 %
The maximum market:
133.17 dollars b
Folder. 24h:
$ 2.13 b
Directly on okx.
ETORO, the committee -free social trading platform, secured a license from the Cyprus Securities and Exchang (CYSEC) committee. The stock exchange has obtained this in light of the newly established markets within the framework of regulating encryption assets (MICA).
Besides MICA, Bybit received initial approval from the Securities and Commodities Authority in the United Arab Emirates (SCA) in February. This license allows to work as a virtual asset platform operator. In general, exchange plans to comply with global rules, including anti -money laundering measures (AML) and anti -terrorist financing (CFT).
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
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