Bybit, a leading cryptocurrency exchange known for its high trading volumes, is making strides in Europe following regulatory challenges in Hong Kong.
On March 28th, Bybit made headlines with the official launch of Bybit.nl, a digital asset platform catering to users in the Netherlands. The platform is fully regulated in the country, providing local traders with a gateway to the world of cryptocurrency trading and educational resources.
Bybit’s foray into the Dutch market is made possible through a strategic partnership with Satos, a well-established Bitcoin-centric company in the Netherlands. This collaboration allows Bybit users in the Netherlands to seamlessly deposit and withdraw fiat currency and trade over 300 pairs.
Ben Zhou, Co-founder and CEO of Bybit, expressed the company’s dedication to its users and compliance with regulations through their expansion into the Dutch market. He emphasized the importance of providing a secure and user-friendly trading experience, supported by top-notch security features and exceptional customer service.
When reached for comment on the Bybit.nl launch, Bybit had not responded by the time of publication.
In related news, Bybit faced regulatory scrutiny from Hong Kong’s Securities and Futures Commission on March 14, which issued a public warning against the exchange for offering crypto products in various jurisdictions without proper licensing.
As the story continues to unfold, stay tuned for updates on this developing situation.
In other news, a team of ethical hackers known as ‘SEAL 911’ has been assembled to combat crypto hacks in real-time, ensuring the security of digital assets in the ever-evolving landscape of cryptocurrencies.