Bybit, a cryptocurrency exchange, has confirmed its pursuit of regulatory licensing in Austria. This move aligns with its efforts to expand into key markets while adhering to local compliance requirements.

Meanwhile, Kazakhstan has granted Bybit a full license from the Astana Financial Service Authority, enabling the cryptocurrency exchange to offer trading, custody, and investment management services.

Bybit Awaits Austrian Approval

The company plans to begin operations once it secures approval from Austrian authorities. This step will ensure that the exchange operates within the country’s regulatory framework.

At present, Bybit is not licensed in Austria. As a result, it does not offer services in the Austrian market. Its team is evaluating the best time for a potential launch, with updates expected in the coming weeks.