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 […]
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 […]
Bybit joins Crypto Exchanges offering crypt lending services
Bybit, a cryptocurrency exchange with headquarters in Dubai, has added crypto financing services to its menu of offerings. Users are able to do this with their idle cryptocurrency holdings to earn passive interest money Users can deposit their unused cryptocurrency into asset pools that are lent out to borrowers, with the lenders earning hourly interest […]
Bybit and Ontario Securities Commission reached settlement agreement
Bybit and Ontario Securities Commission are currently in listing discussions; if the process is unsuccessful, the company will stop operating in Ontario. A day after the Ontario Securities Commission (OSC) published a Statement of Allegations against the cryptocurrency asset trading platform, Bybit said on Thursday that it has struck a settlement deal with the OSC. […]