The Bybit cryptocurrency exchange has officially launched its operations in Spain, after receiving the license to operate in Europe from the Cryptoasset Markets Regulation (MiCA) last June.
Thanks to this authorization, the platform, with its European headquarters in Austria, can offer its services in all countries of the European Unionincluding Spain, without the need to have physical offices in the territory.
Currently, Bybit, which was founded by Ben Zhou eight years ago, offers the buying and selling of up to 40 cryptocurrencies and tokens in Europe, a smaller number compared to the approximately 200 that provides in other regions.
«The MiCA license in Austria allows us to operate under a single standard in Europe. (..) and Spain is a fundamental piece in that plan,” said Mazurka Zeng, general director of Bybit EU.
Similarly, Alan Durán, head of Bybit in Spain, pointed out that the company seeks to bring crypto assets closer to people: “We want there to be more knowledge and that, with us, those who are interested can learn and get into this. Our challenge is to make bitcoin and cryptocurrencies more affordable for users.
The expansion in Spain is part of the company’s long-term strategywhich occurs at a time of greater supervision of the ecosystem in the country. As reported by CriptoNoticias, the National Securities Market Commission (CNMV) is now advancing in the registration of virtual asset service providers (PSAV) under the MiCA Law.
Raquel García Alcubilla, responsible for Policy, Innovation and Sustainable Finance of the organization, recently stated: “We have not reached 400 registrations yet, but we do have a few.” Currently, Spain has more than 40 approved PSAVs, Bybit being one of them.