Bybit has returned to the UK to offer users its spot trading and P2P service. On Dec. 19, Bybit announced its official launch in the UK, expanding the use of its platform after a two-year absence. The exchange is supported by FCA-authorised firm Archax, which acts as its regulated financial promotion approver in the UK. This regulatory arrangement is intended to enhance transparency and ensure adherence to local AML and KYC requirements for UK users.
It is clear that these users have expectations for reliable, high-quality platforms, and Bybit is now tapping into this demand. Mykolas Majauskas, Senior Director of Policy at Bybit, noted that the focus of its latest expansion into the UK is to give users reliable access to global opportunities in digital assets. He acknowledged the UK as home to one of the world’s most sophisticated financial ecosystems. The region has a clear regulatory direction that makes it an ideal environment for true innovation.
In the months ahead, Majauskas added, we aim to embody this innovative spirit by introducing new products tailored to the needs of UK users, always within a framework that prioritises transparency and compliance. Recently, the UK Treasury commenced major work on crypto regulations, with plans to introduce them by 2027. Under the rules set by the FCA, crypto assets are obligated to be regulated similarly to other financial products. Rachel Reeves, the Chancellor of the Exchequer, stated that having crypto within the regulatory perimeter is a crucial step in securing the UK’s position as a world-leading financial centre in the digital age.
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