Bybit and OKX launched MiCA-approved platforms across Europe, marking major steps in crypto regulation and access for users in the EEA.
- Bybit and OKX now have licensed platforms in the European Economic Area.
- Both exchanges operate under MiCA, the EU’s crypto regulation framework.
- This move makes it easier and safer for Europeans to use crypto services.
Europe Approves Two Major Crypto Platforms
On Wednesday, crypto exchanges Bybit and OKX launched fully licensed platforms in Europe. This was made possible through the Markets in Crypto-Assets Regulation (MiCA), a new rule that applies to all countries in the European Economic Area (EEA).
These launches come just months after MiCA went into effect on December 30, 2024. Under MiCA, any licensed crypto company can operate across all 29 EEA countries without needing new licenses in each one.
Bybit Enters With Bybit.eu
Bybit.eu was launched to serve EU-based traders. It is registered in Austria and holds a CASP license. The platform supports several languages, including English, Polish, Portuguese, and Spanish. More languages like German, French, Italian, and Romanian will be added soon.
Bybit promises better trading tools and liquidity from different providers. Both retail and institutional investors will benefit from these upgrades.
OKX Launches in France
OKX chose France as its starting point in Europe. Through MiCA’s passporting system, it can now offer services across the EU. OKX Europe CEO Erald Ghoos said this is an “important step” in their EU growth.
The French crypto platform includes euro trading pairs, staking products, trading bots, and customer support in local languages.
More Crypto Companies Join the EU Race
This year, many other crypto firms moved into Europe under MiCA. These include stablecoin issuer Paxos, crypto exchange Bitvavo, and long-time player Kraken.
Experts say MiCA gives companies clear rules, which helps boost trust and activity. In early 2025, volumes from European users rose by 70%, even though the number of trades didn’t change much. This shows that larger, more serious investors are entering the market.
Source: cointelegraph.com
