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Bybit Officially Launches Uk Platform With Spot Trading And P2p Access
Published: just now
Bybit, a leading global cryptocurrency exchange with more than 80 million users worldwide, has formally launched its platform in the United Kingdom, making its services available to UK-based users for the first time under a new local set-up. The launch includes access to Spot trading on 100 pairs and P2P services, supported by Bybit’s existing global liquidity and operational infrastructure.
Crypto adoption in the UK continues to expand, with the Financial Conduct Authority estimating that 8% of UK adults now own digital assets. Against this backdrop, Bybit is positioning its initial UK product set around straightforward spot trading and peer-to-peer functionality, with an emphasis on reliability and user choice in how they access digital assets.
"Our goal is to give UK users reliable access to global opportunities in digital assets," said Mykolas Majauskas, Senior Director of Policy at Bybit. "The UK is home to one of the most sophisticated financial ecosystems in the world, and its clear regulatory direction makes it an ideal environment for responsible innovation. In the months ahead, we aim to embody this innovative spirit by introducing new products tailored to the needs of UK users, always within a framework that prioritises transparency, and compliance." – Mykolas Majauskas, Senior Director of Policy at Bybit
– Mykolas Majauskas, Senior Director of Policy at Bybit
"Over the past year, we have built products shaped by the needs of UK users, and we are excited to mark not just a return, but the start of a new chapter where users gain access to a platform designed to support informed engagement with the digital-asset economy," said Ben Zhou, Co-founder and CEO of Bybit. – Ben Zhou, Co-founder and CEO of Bybit
– Ben Zhou, Co-founder and CEO of Bybit
Bybit states that its UK operations follow rigorous anti-money laundering and know-your-customer standards aimed at enhancing platform integrity. All services are structured to comply with local financial-promotion rules, although Bybit itself is not authorised, regulated or registered by the Financial Conduct Authority. Cryptoasset services offered to UK users are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme.
The firm notes that its products involve significant investment risk, including the possibility of losing the full amount invested, and that protection mechanisms may not apply in the event of an issue. Users are encouraged to ensure they understand how cryptoassets work, assess whether they can afford the risk of loss and seek independent advice where necessary, with potential tax implications on any gains.
Bybit is a cryptocurrency exchange by trading volume serving over 80 million users globally. Founded in 2018, the company is focused on building a user-centred digital-asset and Web3 ecosystem, including derivatives, spot markets, copy trading and a range of Web3 tools. Bybit has also developed partnerships with blockchain protocols to support infrastructure and on-chain development, and provides access to its services via a dedicated UK-facing site. Within the European Economic Area, Bybit EU GmbH operates under MiCAR permissions, allowing services to be offered across the EEA.
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