Overview
- Bybit announced on Monday that it will progressively limit selected services on Bybit Global for residents of 29 EEA countries, with Malta excluded.
- The company said it will send advance notices to affected users, allow customers to manage open positions, and preserve access to assets held in custody during the transition.
- Bybit is promoting Bybit EU, its Vienna‑based platform authorized in Austria, with a 'Move Your Funds, Get Rewarded' campaign running through July 31 to encourage migration.
- Moving to Bybit EU will generally require a separate account and fresh identity checks, which creates onboarding friction for traders who want to continue trading under MiCA rules.
- The shift reflects the MiCA deadline taking effect and signals a broader market trend of exchanges consolidating services into licensed EU entities to avoid legal risk.