Bybit Begins Restricting Global Services for EEA Users Amid MiCA Compliance Rollout
Cryptocurrency exchange Bybit has announced a gradual restriction of select services on its global platform for users residing in the European Economic Area, as the company enters a new operational phase aligned with the Markets in Crypto-Assets regulation, commonly known as MiCA.
According to an official notice published on June 29, the exchange confirmed that EEA-based users will be progressively limited in their access to certain features available on Bybit Global. The company emphasized that all affected users will receive prior notifications along with clear timelines, giving them sufficient opportunity to manage both existing and new positions before any restrictions come into force.
Importantly, Bybit assured users that they will retain full access to assets held in custody throughout the entire migration period, allowing them to remediate positions and balances without disruption.
The restrictions apply to residents across the majority of EEA member states, including major markets such as France, Germany, Italy, Spain, and the Netherlands. One notable exception is Malta — Bybit EU's licenses have not yet been passported to the country, and the regulated entity currently does not provide products or services to Maltese residents.
This operational shift follows Bybit's broader strategy to build a fully regulated presence in Europe. The exchange disclosed that its European platform is already operating through a MiCA-authorized entity, and the company is actively pursuing an additional license in Austria to further expand its product offerings across the region.
Bybit's move signals that the exchange is transitioning from the regulatory approval stage to the active implementation of its European compliance roadmap. Rather than simply obtaining licenses, the company is now executing the operational transfer of EEA users from its global platform to its dedicated, regulation-compliant EU entity.
The migration reflects a wider industry trend, as crypto firms operating in Europe race to align with MiCA requirements, which establish a unified regulatory framework for digital assets across the bloc. For Bybit, this represents a significant structural adjustment — one that prioritizes long-term regulatory standing in one of the world's most closely watched crypto markets.
Users affected by the transition are encouraged to monitor official communications from Bybit closely and take proactive steps to manage their accounts ahead of the upcoming service changes.
