TLDR
- Bybit plans a European super app combining crypto trading, banking-style services, tokenized stocks, and regulated derivatives.
- The exchange has secured MiCA and electronic money institution licenses in Austria, expanding its regulated European footprint.
- The EMI license could allow users to receive salaries, pay bills, make transfers, and hold accounts with IBANs.
- Bybit is also pursuing a MiFID II license, which could open access to regulated derivatives, stocks, and commodities.
- The company plans to continue working with partners such as xStocks for tokenized equities rather than building every service internally.
Bybit is preparing a broader European push that could combine banking-style services, crypto trading, tokenized stocks, and regulated derivatives. The exchange already operates under Europe’s Markets in Crypto-Assets framework and is adding more licenses to widen its product range.
The plan would give European users one platform for daily payments and investing. Customers could manage traditional money alongside crypto assets without moving between several financial apps.
Founded in 2018, the Dubai-based exchange serves more than 80 million users worldwide. Management expects the MiFID approval process to move forward in the coming months. The European plan would combine services that crypto exchanges often separate from bank-style payment tools and traditional investment products for retail customers.
Bybit Builds Around Multiple European Licenses
Bybit secured a MiCA license in Austria in May 2025, allowing it to serve customers across the European Economic Area. The company later launched its dedicated European platform as part of its regulated expansion.
The exchange has also obtained an electronic money institution license from Austria’s Financial Market Authority. That approval could allow users to hold accounts with IBANs, receive salaries, pay bills, and make local or third-party transfers.
Bybit is also seeking a MiFID II license, which governs investment services across the European Union. Approval could let the exchange offer regulated derivatives and other financial products to European clients.
The license could also support access to stocks, commodities, and contracts for difference through outside partners. Bybit could connect users with shares such as Apple and Tesla while keeping crypto trading inside the same platform.
Tokenized Stocks Remain Part of Strategy
Bybit already works with partners on tokenized equities, including the xStocks product linked to Kraken. The exchange plans to continue using outside providers rather than building every service internally.
Its global platform already offers USDT-settled perpetual contracts tied to U.S. stocks, exchange-traded funds, and commodities. European customers remain excluded from products that have not received regulatory clearance.
Bybit’s strategy reflects the cost and limits of operating under MiCA alone. The company has said crypto services by themselves have not made its European operation profitable because compliance costs remain high.
A broader product set could place Bybit against crypto exchanges, brokers, and financial apps. European rules will still shape leverage, product access, and investor safeguards as the company expands its regulated offering.
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