Business Marketing
.
Auzzi Shopping

Bybit Secures License to Operate Cryptocurrency Exchange and Custody Services in Cyprus

  • Written by Auzzi Shopping

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 26 June 2023 - Bybit, the world's third most visited crypto exchange, is pleased to announce that it has successfully obtained a license to operate a crypto exchange and provide custody services in Cyprus.

This milestone demonstrates Bybit's commitment to working within regulatory frameworks and providing its users with secure and compliant trading solutions.

Bybit's newly acquired license from the regulatory authorities in Cyprus allows the company to offer a full suite of services, including trading between crypto pairs and fiat currency pairs, financial services related to crypto assets, and custody solutions tailored to clients in Cyprus and E.U. member states. With this license, Bybit establishes itself as a trusted and regulated platform within the Cyprus cryptocurrency market.

Cyprus is recognized as a burgeoning hub for cryptocurrency activities, with a growing community of crypto enthusiasts and a favorable regulatory environment. Bybit recognizes the immense potential of the Cyprus market and is excited to bring its next-level reliability and opportunities to the local digital asset community.

"At Bybit, we wholeheartedly support the regulatory objective of building a cryptocurrency industry that is both compliant, secure, and transparent, ultimately benefiting all those seeking financial freedom," said Ben Zhou, co-founder and CEO of Bybit. "This landmark is a testament to Bybit's commitment to adhering to robust regulatory frameworks while expanding our global presence. We look forward to bringing the Crypto Ark to Cyprus."

Bybit has a sterling reputation for digital asset security, compliance, and protection. Due in no small part to its enhanced KYC and AML procedures, successfully obtaining the ISO 27001:2013 certification for its robust security management system, and running real-time, on-chain, proof-of-reserves data with a purpose-built Merkle tree.

More From Bybit


Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit:

For updates, please follow:










Today's Features at Auzzi

Investigating the Ocean's Bounty: The Wonders of Atlantic Dulse

Within the domain of ocean vegetables, few offerings are as venerated as Atlantic dulse. This ruddy green growth, collected from the cold waters of the North Atlantic Sea, has been cherish...

Exploring the Domain of Fat Burner Supplements: Isolating Reality from Fiction

Within the journey for weight misfortune and body change, numerous people turn to fat burner supplements as a way to quicken their comes about and shed undesirable pounds. Showcased as pot...

How to Prevent Drug Addiction

Drug addiction can shatter a promising life, destroy happy families, drain finances and create a disorganised community. It can affect the physical and mental state of the individual. Make...

What's the Cost of Running a Pool? A Look at What to Expect

Owning a pool can be a delightful / essential luxury, especially during the hot Australian summer months. But have you wondered what it’ll cost you to maintain? What if you buy a new hom...

Unveiling Melbourne's Digital Landscape: Trends Shaping the Future of Web Development

Leading the advanced guerilla is Melbourne, a city known for its creative and progressive spirit. The urban environment is always changing because of the need to adapt to new creative oppo...

Revealing Potential: The Process and Profits of Land Division in Adelaide

South Australia has a city named Adelaide that is famous for best economy, rich and eye-catching culture and diversity. It is understood that as the city progresses urbanization and deve...

How to Choose the Right Used Car for Your Needs

When it comes to learning how to choose the right used car for your needs, the key is to prioritize reliability, match the car to your lifestyle, and keep within your budget. This article ...