Bybit, a UAE Company, Gets MiCAR License and Opens New Office in Vienna, Europe
Dubai-based Bybit has received a MiCAR license from Austria’s Financial Market Authority (FMA), allowing it to offer regulated cryptocurrency services in 29 countries across the European Economic Area (EEA), the company said on Friday.
Bybit Grows in Europe
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has opened a new European headquarters in Vienna, Austria.
The European Economic Area (EEA) includes all 27 European Union (EU) countries plus three others: Iceland, Liechtenstein, and Norway.
Bybit said its MiCAR license includes important rules to make crypto trading safer. These rules help make things clearer, stop illegal actions, and protect users in the EU’s digital finance system.
Investment in Vienna
To grow in Europe, Bybit is investing heavily in Austria. It plans to hire over 100 people in Vienna to offer more local and well-regulated services.
Mazurka Zeng, the CEO of Bybit Europe, said the company wants to build a strong local crypto community. Through its Blockchain for Good Alliance (BGA), Bybit will also work with local universities to support future blockchain experts and test real-life uses of blockchain technology.
Growth in Latin America
In the Americas, Bybit has chosen Patricio Mesri to lead its business in Spanish-speaking countries like Argentina, Mexico, Colombia, Chile, Peru, and Uruguay.
Mesri will be in charge of the regional strategy, encouraging people to use crypto, and creating partnerships. He said the region is ready for decentralized finance, and Bybit wants to provide a full crypto platform there.
Following Rules Worldwide
Bybit is working with governments around the world to follow local rules. In Vietnam, it helped the Ministry of Finance by sharing ideas about identity checks (KYC), anti-money laundering (AML), and international best practices.
Big Milestone
Earlier this month, Bybit shared that it now has over 70 million registered users.
Published: 2nd June 2025
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