- Bybit is launching its platform in the UK, which operates on a framework designed to comply with the FCA’s financial promotion standards and with greater transparency for UK users.
- The global exchange introduces UK users to spot and P2P trading, supported by high liquidity and robust operational and risk management standards.
/PRNewswire/ –Bybitthe leading global cryptocurrency exchange with over 80 million users worldwide, today announced its official launch in the UK. The launch will make the Bybit platform available to users in the UK and offer access to spot trading with 100 pairs a P2Psupported by high global liquidity and robust operating standards.
Cryptocurrency adoption continues to grow rapidly in the UK, with the Financial Conduct Authority estimating that 8% of UK adults currently own digital assets. The growing interest underlines user expectations for reliable and high-quality platforms. Bybit’s introductory products are designed to support reliable access and offer users the ability to flexibly interact with digital assets.
“Our aim is to provide UK users with reliable access to global digital asset opportunities.” he said Mykolas Majauskas, Senior Director of Policy at Bybit. “The UK is home to one of the most sophisticated financial ecosystems in the world and its clear regulatory direction makes it an ideal environment for responsible innovation. In the coming months, we aim to embody this innovative spirit by introducing new products tailored to the needs of UK users, always based on a framework that prioritizes transparency and compliance.”
“Over the past year, we’ve built products tailored to the needs of UK users and we’re excited to announce not only the return, but the start of a new chapter where users will gain access to a platform designed to support informed engagement in the digital asset economy,” he said. Ben Zhou, Co-founder and CEO of Bybit.
Bybit’s UK operations follow strict AML (Anti-Money Laundering) and KYC (Know Your Customer) standards designed to strengthen the integrity of the platform, and all services meet local financial promotion requirements.
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About Bybit
Bybit is the leading cryptocurrency exchange by trading volume and serves a global community of over 80 million users. Founded in 2018, Bybit redefines openness in a decentralized world by creating an open and equal ecosystem for all with a higher user-centricity. Bybit has a strong focus on Web3 and is strategically partnering with leading blockchain protocols to provide robust infrastructure and support on-chain innovation. Bybit is known for its global escrow, diverse marketplaces, intuitive experience, and advanced blockchain-based tools, bridging the gap between TradFi and DeFi and enabling builders, creators, and enthusiasts to tap into the full potential of Web3. Discover the future of decentralized finance on the site http://www.bybit.com/en-gb.
In the European Economic Area, Bybit EU GmbH operates on the basis of MiCAR permits, which allow it to offer services throughout the EEA.
More information about Bybit can be found on the website Bybit Press
For media inquiries, please contact:[emailprotected]
Current information can be found at: Bybit’s communities and social media
Disclaimer
Cryptoassets are highly risky and highly volatile. The liquidity of cryptoassets is not guaranteed and it may be difficult for you to buy or sell cryptoassets when you want to. You can lose all the money invested and past performance is not a reliable indicator of future results. Bybit provides services in the UK through arrangements designed to comply with the applicable financial promotion rules of the FCA and is not authorized, regulated or registered by the FCA. Services related to cryptoassets are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme. Make sure you understand how cryptoassets work and that you can afford the risk of loss. Any gains may be subject to taxation. This information is for general information purposes only and does not constitute investment, tax or legal advice. If you are unsure, seek independent financial advice.
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