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The Bybit, one of the world’s largest cryptocurrency exchanges, has officially opened its European center in Austria. This significant milestone marks a new chapter for the company as it expands its global presence and solidifies its position as a leading player in the European fintech sector.
As reported earlier, Bybit secured the necessary permit from the Austrian Financial Market Authority (FMA) to operate in the region. The move reflects the company’s commitment to building strong relationships with regulatory bodies worldwide and ensuring compliance with local laws and regulations.
Bybit’s CEO, Mazurka Zeng, emphasized during a press conference that the new center will not only provide its services to users but also serve as a hub for innovation and development of new products and technologies. “We are thrilled to take this step,” said Mr. Zeng. “Our goal is to create a seamless experience for our users, while also fostering growth and collaboration within the European fintech ecosystem.”
The Austrian financial authorities have granted Bybit permission to offer its services in all countries within the European Economic Area (EEA) with the exception of Malta. This move is significant as it marks the third approval obtained by Bybit from regulatory bodies worldwide, following similar permits from Germany and Malta.
As a result, Bybit’s new center will now be able to provide digital asset management, trading, and other related services to its European clients. This expansion is seen as a testament to Austria’s growing importance in the global fintech landscape, with Bitpanda, another prominent cryptocurrency platform, having recently secured permission from the FMA.
Bybit’s entry into the Austrian market further solidifies its position as a leading player in the global fintech sector, offering users an unparalleled level of service and security.
Source: www.bitcoinbazis.hu
