{"id":539720,"date":"2023-06-26T15:30:30","date_gmt":"2023-06-26T15:30:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=539720"},"modified":"2024-06-11T14:38:01","modified_gmt":"2024-06-11T14:38:01","slug":"bybit-expands-global-presence-with-cyprus-crypto-license","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bybit-expands-global-presence-with-cyprus-crypto-license\/","title":{"rendered":"Bybit Expands Global Presence With Cyprus Crypto License"},"content":{"rendered":"

Bybit, the third biggest crypto exchange in the world, is expanding its global presence. Today, the exchange announced that it has been granted a license to operate a cryptocurrency exchange in Cyprus and provide custody services for digital assets.\u00a0<\/span><\/p>\n

Expanding The Crypto Exchange’s Global Footprint<\/h2>\n

Bybit obtaining a license to operate in Cyprus is a strategic move to expand its global footprint. With this license, Bybit can now offer crypto exchange and custody services to customers in Cyprus and throughout the European Union.<\/span><\/p>\n

Related Reading: Lightning Network Hits Record Highs In Bitcoin And US Dollar Capacity<\/a><\/div>\n

These include trading between crypto pairs and fiat currency pairs, financial services related to crypto assets, and custody solutions tailored to clients in Cyprus.<\/span><\/p>\n

The company said in a statement: <\/span><\/p>\n

Cyprus is recognized as a burgeoning hub for cryptocurrency activities, with a growing community of crypto enthusiasts and a favorable regulatory environment. Bybit recognizes the immense potential of the Cyprus market and is excited to bring its next-level reliability and opportunities to the local digital asset community.<\/span><\/p><\/blockquote>\n

Bybit now has operations and licenses in several major regions, including North America, Asia-Pacific, and now Europe<\/span><\/p>\n

Growth For ByBit<\/h2>\n

Over the past few months, the exchange has been steadily experiencing growth and expanding its service offerings. Bybit\u2019s user base has also skyrocketed. Last month, the company announced a 50% increase in its global user base, growing from 10 million users in Q3, 2022 to 15 million this year.\u00a0<\/span><\/p>\n

Bybit recently moved its headquarters to Dubai on April 18th as part of its mission to invest in the Middle East and North Africa (MENA) region, which is more welcoming of the crypto industry. Not long after, Bybit joined Binance and OKX in exiting the Canadian market, citing recent changes in regulatory policy.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Bullish Signal: Exchange Whale Ratio Plunges<\/a><\/div>\n

The new headquarters is the latest in a series of milestones for Bybit as it cements its position as a leading crypto exchange. Dubai has become a hub for crypto and blockchain technology, so it\u2019s an ideal location for a fast-growing crypto exchange like Bybit.\u00a0<\/span><\/p>\n

Bybit operations in Cyprus are going to be subject to the newly introduced Markets in Crypto Assets Regulation (MiCA) in the European Union.\u00a0<\/span><\/p>\n

However, Binance, a close crypto exchange peer of Bybit, recently a shocking move to deregister in Cyprus. Binance claims that it is exiting the Cyprus market in order to reevaluate its business strategy and ensure that it will be in full compliance with MiCA when it is eventually put into place within the next 18 months.<\/span><\/p>\n

\"Crypto<\/p>\n

Total crypto market reaches $1.144 trillion as positive sentiment ramps up | Source: Total Crypto Market Cap on TradingView.com<\/a><\/pre>\n

Featured image from Yahoo Finance, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Bybit, the third biggest crypto exchange in the world, is expanding its global presence. Today, the exchange announced that it has been granted a license to operate a cryptocurrency exchange in Cyprus and provide custody services for digital assets.\u00a0 Expanding The Crypto Exchange’s Global Footprint Bybit obtaining a license to operate in Cyprus is a strategic move to expand its global footprint. With this license, Bybit can now offer crypto exchange and custody services to customers in Cyprus and throughout the European Union. Related Reading: Lightning Network Hits Record Highs In Bitcoin And US Dollar Capacity These include trading between crypto pairs and fiat currency pairs, financial services related to crypto assets, and custody solutions tailored to clients in Cyprus. The company said in a statement: Cyprus is recognized as a burgeoning hub for cryptocurrency activities, with a growing community of crypto enthusiasts and a favorable regulatory environment. Bybit recognizes the immense potential of the Cyprus market and is excited to bring its next-level reliability and opportunities to the local digital asset community. Bybit now has operations and licenses in several major regions, including North America, Asia-Pacific, and now Europe Growth For ByBit Over the past few months, the exchange has been steadily experiencing growth and expanding its service offerings. Bybit\u2019s user base has also skyrocketed. Last month, the company announced a 50% increase in its global user base, growing from 10 million users in Q3, 2022 to 15 million this year.\u00a0 Bybit recently moved its headquarters to Dubai on April 18th as part of its mission to invest in the Middle East and North Africa (MENA) region, which is more welcoming of the crypto industry. Not long after, Bybit joined Binance and OKX in exiting the Canadian market, citing recent changes in regulatory policy.\u00a0 Related Reading: Bitcoin Bullish Signal: Exchange Whale Ratio Plunges The new headquarters is the latest in a series of milestones for Bybit as it cements its position as a leading crypto exchange. Dubai has become a hub for crypto and blockchain technology, so it\u2019s an ideal location for a fast-growing crypto exchange like Bybit.\u00a0 Bybit operations in Cyprus are going to be subject to the newly introduced Markets in Crypto Assets Regulation (MiCA) in the European Union.\u00a0 However, Binance, a close crypto exchange peer of Bybit, recently a shocking move to deregister in Cyprus. Binance claims that it is exiting the Cyprus market in order to reevaluate its business strategy and ensure that it will be in full compliance with MiCA when it is eventually put into place within the next 18 months. Total crypto market reaches $1.144 trillion as positive sentiment ramps up | Source: Total Crypto Market Cap on TradingView.com Featured image from Yahoo Finance, chart from TradingView.com<\/p>\n","protected":false},"author":594,"featured_media":539735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3],"tags":[82819,88493,12307,88494,1604,88492],"class_list":["post-539720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","tag-bybit","tag-bybit-exchange","tag-crypto-exchange","tag-crypto-license","tag-cyprus","tag-mica"],"acf":[],"yoast_head":"\nBybit Expands Global Presence With Cyprus Crypto License<\/title>\n<meta name=\"description\" content=\"Bybit, the third biggest crypto exchange in the world, is expanding its global presence. 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bybit Expands Global Presence With Cyprus Crypto License","url":"http:\/\/ktsl888.com\/news\/bybit-expands-global-presence-with-cyprus-crypto-license\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bybit-expands-global-presence-with-cyprus-crypto-license\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/ByBit-exchange.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/ByBit-exchange.jpeg?fit=640%2C426"},"articleSection":"Crypto","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bybit","bybit exchange","crypto exchange","crypto license","cyprus","mica"],"dateCreated":"2023-06-26T15:30:30Z","datePublished":"2023-06-26T15:30:30Z","dateModified":"2024-06-11T14:38:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bybit Expands Global Presence With Cyprus Crypto License\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bybit-expands-global-presence-with-cyprus-crypto-license\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bybit-expands-global-presence-with-cyprus-crypto-license\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/ByBit-exchange.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/ByBit-exchange.jpeg?fit=640%2C426\"},\"articleSection\":\"Crypto\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bybit\",\"bybit exchange\",\"crypto exchange\",\"crypto license\",\"cyprus\",\"mica\"],\"dateCreated\":\"2023-06-26T15:30:30Z\",\"datePublished\":\"2023-06-26T15:30:30Z\",\"dateModified\":\"2024-06-11T14:38:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/ByBit-exchange.jpeg?fit=640%2C426","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/539720"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=539720"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/539720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/539735"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=539720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=539720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=539720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}