Bybit, one of the world's largest cryptocurrency exchanges, has discontinued crypto trading services for all users in the European Union, according to an announcement by the platform. The decision affects the entire EU user base and marks a significant withdrawal from the region's regulated market.
The move comes as Bybit navigates increasingly stringent regulatory requirements under the EU's Markets in Crypto Assets Regulation (MiCA), which imposes strict licensing and compliance standards on digital asset service providers. The exchange had previously maintained operations in select EU jurisdictions but has now opted for a complete exit rather than pursue full regulatory authorization across the bloc.
The withdrawal underscores the growing compliance burden facing major cryptocurrency exchanges in Europe, where regulatory frameworks have tightened substantially over the past two years. Other major exchanges have similarly faced operational challenges in the region, with some choosing to restrict services rather than obtain full MiCA licenses. EU-based traders will need to migrate to compliant platforms or utilize alternative exchanges operating outside the bloc.