Bybit Makes UK Comeback with 100 Crypto Trading Pairs After Two-Year Absence
### Bybit Makes a Comeback in the UK with 100 Crypto Trading Pairs After Two-Year Absence
Bybit, the prominent cryptocurrency exchange, has re-entered the UK market, introducing an impressive array of 100 trading pairs. This development follows a two-year hiatus from the region, during which regulatory adjustments were made. The launch of these trading pairs signifies Bybit's renewed commitment to the UK crypto landscape.
The company's resurgence comes amid a backdrop of evolving regulations that have prompted many exchanges to refine their operational frameworks. Bybit is now set to leverage the UK's sophisticated financial ecosystem and clear regulatory guidelines to foster further innovation within the sector. "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," stated Mykolas Majauskas, senior director of policy at Bybit.
In conjunction with its re-entry, Bybit has partnered with Archax to facilitate compliance with local regulations. By employing Archax's expertise, Bybit aims to navigate the complexities of the UK market successfully. "Archax is supporting Bybit's compliant access to the UK market, building on our experience where we have previously helped other leading crypto exchanges, such as Coinbase and OKX, access the UK market without the need for their own authorisation," remarked Ben Brown, chief compliance officer at Archax via email.
This move may reinvigorate Bybit’s standing in the UK, a market that has increasingly positioned itself as a leader in the global crypto regulatory ecosystem. With this strategic return, Bybit is poised to engage both new and existing customers keen on accessing a broader range of cryptocurrencies for trading.
This report is for informational purposes only and is not financial advice.