Bybit restricts global platform access as MiCA deadline arrives

Bybit confirmed that account holders across the EEA—covering major markets such as France, Germany, Spain, and Italy—will receive advance notifications regarding their specific service limitations. The exchange emphasized that these measures do not involve freezing or seizing assets. Instead, users retain custody access to their holdings, allowing them time to manage existing positions and adjust their balances as the global platform’s offerings contract.

This shift highlights the broader market impact of MiCA, which mandates that firms without proper licensing cease operations for EU residents by July 1. Bybit maintains a regulated path through its Vienna-based Bybit EU GmbH, which secured crypto-asset service provider authorization from Austria’s Financial Market Authority in May 2025. While the Austrian license currently covers core services like custody and exchange, the firm is seeking expanded permits to broaden its European product range. Malta remains an exception to this passporting strategy, as Bybit EU does not actively provide services to residents in that jurisdiction.