Bybit, OKX expand crypto services in Europe under MiCA

Adrian Zmudzinski 1 minute ago Bybit, OKX expand crypto services in Europe under MiCA Bybit and OKX have both launched MiCA-compliant crypto exchanges in the EU, marking a significant push into Europe’s newly unified regulatory landscape. Listen 0:00 15 News COINTELEGRAPH IN YOUR SOCIAL FEED Crypto exchanges Bybit and OKX both launched fully regulated platforms in Europe this week as more regulatory clarity continues to attract major exchanges to the bloc. According to a Wednesday announcement , crypto exchange Bybit.eu launched to serve European Economic Area (EEA) users with a Crypto-Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA ) framework. Under the rules, Bybit’s Austria-based operations, established in late May , hold a license in 29 EEA countries. Competing crypto exchange OKX also announced on Wednesday that it has launched its fully regulated centralized crypto exchange in France via MiCA passporting. OKX Europe CEO Erald Ghoos said France is a key market for the firm and their expansion there is “a major milestone in our European expansion.” Bybit.eu offers a multi-lingual platform with support for English, Polish, Portuguese and Spanish, with plans to add German, French, Italian and Romanian. The exchange says it will aggregate liquidity from multiple providers and offer advanced trading tools tailored for European retail and institutional users. OKX’s platform includes euro trading pairs, staking products and trading bots, along with localized customer support. Source: OKX Related: Coinbase secures MiCA license, names Luxembourg as EU headquarters MiCA changes crypto in Europe The two launches come just months after MiCA came fully into effect on Dec. 30, 2024. The new rules standardize crypto regulation across the EU and introduce a passporting mechanism, enabling licensed firms to operate in any EEA country without needing additional approvals. MiCA implementation timeline. Source: Cointelegraph This is also a primary reason cited in favor of establishing crypto service provider operations in the EEA rather than in competing jurisdictions such as the United Kingdom. Related: ‘Policy procrastination’ leaves UK trailing EU, US in crypto regulation: Experts Europe is a crypto battlefield The European Economic Area is seeing increased activity following the unification of its regulatory environment. On Tuesday, the Global Dollar (USDG) stablecoin launched in the EU , with issuer Paxos claiming compliance with MiCA. On June 28, crypto exchange Bitvavo was granted a MiCA license by the Dutch Authority for Financial Markets, allowing it to passport across the EEA. Kraken, one of the world’s oldest crypto exchanges, also announced on June 25 that it is expanding its EEA operations after securing a MiCA license . Konstantins Vasilenko, co-founder and executive of Paybis, Europe, recently said Europe is pulling ahead in the global crypto race under its MiCA framework. He believes that the EU is outpacing even US President Donald Trump’s crypto-friendly America. “MiCA’s licensing window opened on Jan. 1, 2025; in that very quarter, our EU volumes jumped 70% while the number of trades hardly moved, which tells me the new money was larger and more deliberate,” Vasilenko said. Magazine: How crypto laws are changing across the world in 2025 # Business # Europe # Cryptocurrency Exchange # European Union # Eea # MiCA # OKX # Regulation # Policy # Bybit Add reaction