Bybit recently announced it was gaining a license in Cyprus. The license allows the platform to run its crypto exchange in the region.
As the third-most visited exchange, Cyprus is also delighted to offer its custody services in Cyprus. The achievement shows Bybit’s commitment to offering the best services within a compliant and secure framework.
With the new license, Bybit is set to offer its service suite in Cyprus. This suite includes trading between fiat currency pairs and crypto pairs. Moreover, it also involves custody solutions designed for EU member states and Cyprus. Above all, the solution suite includes financial tools and services surrounding crypto assets.
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Given Cyprus’s surging status in the crypto community, the news triggered massive interest among users. Many EU users looked for a detailed Bybit exchange review to understand how the platform works.
Even Bybit has comprehended the potential Cyprus boasts as a crypto hub. That is why the exchange is thrilled to offer its services to the local crypto asset community in the region. Ben Zhou, the CEO and Co-Founder of Bybit, also acknowledged the license acquisition.
According to Zhou, everyone at Bybit completely supports the regulatory aim of developing a crypto industry that is secure, transparent, and compliant. Such steps will ultimately lead to the financial freedom of everyone involved.
The latest landmark proves how committed Bybit is to complying with regulatory requirements. At the same time, the exchange is thrilled to expand its global presence. Every team member is looking forward to introducing the Crypto Ark to Cyprus, added Zhou.
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As a renowned exchange, Bybit is known for digital asset compliance, protection, and security. Its AML and KYC procedures are highly robust, earning it a certification of approval from authorities. That is why its entry into the Cyprus region is expected to yield some great results.
