Bybit will begin progressively restricting access to certain services on its global platform for users in the European Economic Area [EEA], marking the next phase of its transition to a MiCA-regulated operating model.
The exchange said affected users would receive advance notice and timelines to manage existing and new positions before any restrictions take effect. Users will continue to have access to assets held in custody throughout the migration process.
Bybit starts migrating EEA users to regulated platform
In a notice published on June 29, Bybit said the operational changes form part of its ongoing regulatory alignment efforts in Europe.
“As part of these measures, access to certain services on Bybit Global for EEA residents will be progressively limited,” the exchange said, adding that impacted users would receive clear communications before any changes are implemented.
The company said customers would retain access to assets held in their accounts. At the same time, they remediate positions and balances during the transition.
The measures apply to residents across most EEA countries, including France, Germany, Italy, Spain, and the Netherlands. Malta is excluded because Bybit EU’s licenses have not yet been passported there, and the regulated entity does not currently offer products or services to Maltese residents.
Move follows Bybit EU’s MiCA expansion
The announcement follows Bybit’s broader push to establish its regulated European business under the Markets in Crypto-Assets [MiCA] framework.
Bybit said its regulated European platform operates through a MiCAR-authorized entity and disclosed that it is also pursuing an additional license in Austria to expand the range of products it can offer across the region.
The latest notice signals that the exchange is moving beyond securing regulatory approvals and into the operational rollout of its European compliance strategy, with users gradually transitioning from Bybit Global to the group’s regulated EU platform.
Final Summary
- Bybit will progressively limit certain services on its Global platform for EEA residents as it begins migrating users under its MiCA compliance strategy.
- The exchange said affected users will receive advance notice, retain access to their assets during the transition, and eventually move to its regulated European platform.