Bybit and OKX now also serve Europe
The crypto bonds bybit and OKX have started both fully regulated platforms in Europe this week, since regulatory clarity continues to attract large stock exchanges into the block.
According to a announcement On Wednesday, the Bybit.eu crypto tours started with a casp license (Crypto-Asset Service Provider) as part of the MiCA-Ordinance (Markets in Crypto-Assets Regulation) to operate users in the European Economic Area (EEA). According to these rules, bybits is based in Austria, the Was founded at the end of Maylicensed in 29 EEA.
The OKX crypto tour also gave on Wednesday knownthat she launched her fully regulated centralized crypto tour in France via mica-passporting. Erald Ghoos, CEO of OKX Europe, said that France was an important market for the company and the presence there is “an important milestone in our European expansion”.
Bybit.eu offers a multilingual platform in English, Polish, Portuguese and Spanish, whereby it is planned to add German, French, Italian and Romanian. According to its own statements, the stock exchange will bundle several providers and offer advanced trade instruments that are tailored to European private and institutional users.
The OKX platform includes Euro trading pairs, stacking products and trading bots as well as localized customer support.
Read too: Coinbase secures Mica license, chooses Luxembourg as an EU location
Mica changes crypto in Europe
The two introductions take place only a few months after Mica came into force on December 30, 2024. The new regulations unify cryptor regulation throughout the EU and introduce a passporting mechanism that enables licensed companies to work in every EEA country without additional permits.
This is also a main reason that speaks for the settlement of crypto service providers in the EEA and not to the United Kingdom.
Read too: EU gives way to stable coins – crypto industry “relieved”
Europe: a crypto battlefield
In the European Economic Area, an increased activity can be observed after the standardization of the regulatory environment. The StableCoin Global Dollar (USDG) introduced in the EUwhereby the issuer Paxos emphasized compliance with the Mica regulation.
On Saturday received The crypto exchange Bout a mica license from the Dutch authority for financial markets, which enables it to act throughout the EEA. Kraken, one of the oldest crypto bonds in the world, also announced on June 25th that they have received their EEA activities after receiving a Mica license is expanded.
Konstantin's Vasilenko, co-founder and managing director of Paybis, Europe, said recently that Europe is ahead in the global crypto race under its mica framework. He sayse that the EU even the crypto-friendly America by US President Donald Trump has overtaken.
“The licensing window of Mica opened on January 1, 2025; this quarter our EU volume rose by 70 %, while the number of trades hardly changed, which tells me that the new money was larger and more conscious,” said Vasilenko.
