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**Bybit Launches MiCA-Compliant Platform as Crypto Exchanges Compete for Europe**
In a significant move to expand its presence in the European market, Bybit has launched its fully MiCA-compliant platform, Bybit.eu. This new platform is designed specifically for European users and offers a range of services across 29 European Economic Area countries.
Bybit’s decision comes as major crypto exchanges compete for dominance in the European market under the newly introduced Markets in Crypto-Assets Regulation (MiCA). The regulatory framework provides clear rules and a pan-European passport, allowing exchanges to serve customers in all 30 EEA countries once certified in one jurisdiction. Industry experts predict that this new regulation will drive consolidation as smaller exchanges struggle with compliance costs and complexity.
The launch of Bybit.eu marks a significant milestone for the exchange as it aims to capitalize on the growing demand for regulated cryptocurrency services in Europe. With the rise of institutional participation, European users can now access 24/7 multilingual support and regional offices across France, Germany, Spain, and Italy.
Source: coincentral.com
