Bybit, the world's second-largest cryptocurrency exchange by trading volume, has secured a Markets in Crypto-Assets Regulation (MiCA) license from Austria's Financial Market Authority (FMA). This approval enables Bybit to operate as a regulated crypto asset service provider across all 29 European Economic Area (EEA) countries. Following this milestone, Bybit has established its European headquarters in Vienna and plans to hire over 100 staff to support its regional operations. The move reflects Bybit's commitment to regulatory compliance and its strategy to expand within the EU's harmonized crypto framework. CEO Ben Zhou emphasized the firm's dedication to collaborating with regulators and delivering secure, compliant services to users across Europe.