On 2nd June, European regulators granted two major crypto platforms full licences this week, ushering in a new era of compliance and growth. Bybit launched Bybit.eu under a Crypto‑Asset Service Provider licence in Austria to serve users across 29 EEA states.
OKX opened its fully regulated exchange in France via MiCA passporting. These moves illustrate how clearer rules are drawing top exchanges into Europe’s market.
Bybit Launches Under MiCA
Bybit.eu went live on Wednesday with a licence under the MiCA framework. Its Austria‑based arm, set up in late May, can now onboard customers across all 29 countries in the European Economic Area.
The platform combines deep liquidity from multiple providers with advanced trading tools. It also offers localised interfaces and 24 hour support in English, Polish, Portuguese and Spanish. German, French, Italian and Romanian will follow soon.
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Bybit plans to open new regional offices in France, Germany, Spain and Italy. These hubs will join its existing centres in Vienna and Amsterdam. The exchange says its operations meet MiCA’s strict standards on investor protection, transparency and capital reserves.
OKX Expands in France
On the same day, OKX unveiled its MiCA‑compliant exchange in France. CEO of OKX Europe Erald Ghoos called France a key market and said the launch marks a milestone in the platform’s European journey.
French users can trade more than 270 cryptocurrencies, including over 60 crypto‑euro pairs. They also gain access to spot trading, staking, trading bots and crypto earn products.
The platform’s design focuses on security and clarity, with local support and seamless euro on‑ramps. To celebrate, OKX held a red carpet event in Cannes, featuring a screening of its film Mild Mild West.
The movie challenges the old view of crypto as a wild frontier and highlights the industry’s move toward trust and regulation.
Growing MiCA Adoption
This week’s launches come as more exchanges secure MiCA licences one after another. Kraken earned authorisation from the Central Bank of Ireland, marking a big step for the US‑based exchange.
Coinbase obtained a Markets in Crypto‑Assets licence from Luxembourg’s regulator and will shift its regional headquarters there.
Gemini, run by the Winklevoss twins, is nearing approval in Malta. Together, these developments show how vital MiCA has become for any platform aiming to serve European users.
The steady stream of licence approvals highlights both regulator confidence and growing demand among crypto customers. As more exchanges comply, users gain access to more services under clear rules.
Local banks, developers and fintechs can partner with licensed platforms knowing they meet rigorous oversight. With MiCA now in force, Europe stands out for its clear crypto rulebook. Exchanges are racing to secure licences and expand their local footprints.
Also Read: BitGo Secures MiCA License To Expand Across Europe, A Milestone For BitGo’s EU Arm