On March 31, Bybit will cease to serve clients in the United Kingdom. The move was motivated by new rules for crypto-based derivatives, according to the exchange. Derivatives are specialized financial instruments that monitor the value of an underlying asset, such as a cryptocurrency. Last year, the UK Financial Conduct Authority (FCA) abruptly barred the selling of crypto derivatives and exchange-traded notes (ETNs). The ban took effect in January 2021 ex.Bybit, continued to operate as usual.