Bybit Terminates UK Services Citing New FCA Regulations
Leading cryptocurrency exchange Bybit has announced plans to halt its operations in the United Kingdom (UK) by next month. The decision comes in response to the UK’s Financial Conduct Authority (FCA) announcing new regulations that would take effect the following month. As a result, starting on October 1, Bybit will no longer accept new UK […]
Bybit Lists PayPal USD Stablecoin for Spot Trading
A cryptocurrency exchange based in Dubai named Bybit has announced the PYUSD PayPal USD stablecoin listing. Paxos, a licensed financial business headquartered in New York, has released the stablecoin PYUSD. With the listing of PYUSD, Bybit and PayPal, two major participants in the traditional and cryptocurrency payment industries, officially join forces. By adding PYUSD to […]
OKX, Bybit Remove Tinkoff Bank, Sberbank from Payments List
Due to international financial sanctions on Russian banks, cryptocurrency exchanges Bybit and OKX have followed in Binance’s footsteps to remove Tinkoff Bank and Sberbank from their P2P transactions list. According to Russian media outlets, local users can no longer receive fiat currency in exchange for their cryptocurrency on Tinkoff or Sberbank accounts via the P2P […]
Bybit with Red Bull Racing to Launch F1 Data-Inspired NFTs
Bybit, teamed up with Red Bull Racing, has announced the Velocity Series, a groundbreaking digital art collaboration that will create unique NFTs based on race data from the F1 car. The Velocity Series project will merge art and racing by creating unique non-fungible tokens (NFTs) inspired by race team data and telemetry from the RB19 […]
Bybit Expands Global Presence With Cyprus Crypto License
Bybit exchange has announced that it has obtained a license to operate a cryptocurrency exchange in Cyprus and offer custody services for digital assets. This announcement comes after facing regulatory challenges, including investigations in Japan and discontinuing services in Canada and the United Kingdom. Cyprus is emerging as a hub for cryptocurrency, with a growing […]