ByBit is relaunching a platform in the United Kingdom two years after exiting. The new UK platform will offer spot trading across 100 digital asset pairs and provide peer-to-peer trading. It marks ByBit’s return after it wound down operations in September 2023 when the FCA tightened financial-promotion rules. The relaunch is enabled through an arrangement with Archax, the first FCA-approved digital asset exchange, brokerage, and custodian in the UK.
ByBit said the fresh UK operations will follow rigorous AML and KYC standards and comply with the region’s financial-promotion requirements. These measures are supported by an Archax-backed framework. Our goal is to give UK users reliable access to global opportunities in digital assets.
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. In the months ahead, ByBit intends to introduce new products tailored to UK users, within a framework that prioritises transparency and compliance. ByBit’s return to the UK cryptocurrency market appears strategic as the region continues to make strides in growth and adoption.
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