Bybit Pursues MiFID License for EU Derivatives, Phases Out MT5 for In-Home TraFi

[ad_1] Bybit CEO and co-founder Ben Zhou not too long ago delivered a live-streamed keynote on social media platform X. Zhou confirmed that Bybit is making use of for a MiFID II license within the European Union.

This might permit the crypto trade to supply regulated derivatives merchandise, together with futures and choices, to European shoppers. The MiFID license would develop Bybit’s providers past its present MiCA registration, which at the moment covers solely spot crypto buying and selling.

“We're engaged on our MiFID license, that means hopefully inside six months we’ll current spinoff buying and selling merchandise within the EU, all compliant,” Zhou stated.

CFDs Now Built-in In-App Platform

Throughout the keynote, Bybit introduced it will not assist MetaTrader 5, directing customers to its personal TraFi 5 platform. An organization consultant stated: "Our TraFi 5 is now stay in your Bybit app—no extra MT5. We’re the primary main trade to launch TraFi entry instantly in-app. All commodities, CFDs, and shares are stay through CFDs."

The change brings multi-asset buying and selling crypto, shares, and foreign exchange, beneath one roof, with decrease charges and nearer integration. It additionally displays Bybit’s intention to transfer away from third-party buying and selling platforms.

NEWS: @Bybit_Official secures #MiCAR license and units up its European HQ in Vienna. Now absolutely regulated to function throughout all 29 EEA nations beneath EU #crypto legal guidelines. pic.twitter.com/nwrLYglab4

— Roundtable Community (@RTB_io) Could 29, 2025 Regulatory Push in Europe, UAE, and India

Bybit has already launched Bybit.EU, a platform designed to adjust to MiCA guidelines. The corporate plans to introduce localized cost options and develop its derivatives providers throughout the area. Zhou additionally famous that the trade is pursuing extra licenses in the UAE and India.

Consumer Development and Safety Incident

Zhou acknowledged that Bybit now has 74 million customers. He claimed the trade is the second-largest globally by person base. He additionally addressed a main safety incident earlier this yr, calling it “the most important hack in human historical past.” The breach concerned the theft of $1.5 billion in Ethereum.

Zhou stated the assault didn't impression Bybit’s personal infrastructure however prompted a full third-party safety evaluation. The corporate has since upgraded its pockets techniques and partnered with blockchain analytics companies to hint the stolen property.

You might discover it fascinating at FinanceMagnates.com: Vacationers in Rio Could Quickly Pay with Crypto as Bybit and Tether Develop.

Product Developments and Upgrades

The keynote included a number of product updates. Bybit executives have taken advisory roles in Mantle, an Ethereum Layer 2 venture incubated by the trade. The platform has launched an up to date AI buying and selling assistant that includes social sentiment into buying and selling indicators.

Customers can now entry tokenized shares, together with Apple and Tesla. The Bybit Card has expanded to Latin America and Southeast Asia and now affords cashback rewards. A brand new wealth administration function has additionally been launched for customers with over $1 million in property.

Deliberate Options for Retail and Institutional Purchasers

Upcoming product launches embody a Web3 pockets for direct on-chain buying and selling and a request-for-quote system for institutional customers. The firm can be introducing a simplified interface for yield merchandise, divided into three classes: Straightforward, On-Chain, and Superior.