The Netherlands' central bank, De Nederlandsche Bank, has imposed a €2.2 million ($2.4 million) fine on Bybit for providing crypto services in the country without proper registration. The penalty addresses Bybit's non-compliance with regulations aimed at preventing money laundering and terrorist financing. According to the Bank, the €2.2 million fine ...
A new report has indicated that Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain popularity. Binance, the largest cryptocurrency exchange globally, saw a 13% drop in spot trading volume over the past year, declining from 52.5% in October 2023 to 39.5% in October ...
Bybit has obtained a provisional licence in Dubai two years after establishing its headquarters there. The crypto exchange, which is the second-largest by derivatives volume, noted in a recent press release that it has received a non-operational licence from the Virtual Asset Regulatory Authority (VARA). The provisional license allows Bybit ...
Bybit has officially expanded its operations to Argentina as a licensed “Virtual Asset Service Provider (VASP) and card operator.” The crypto exchange announced that its VASP license, granted by Argentina’s Financial Intelligence Unit (FIU), will enable it to offer its full range of products in the region. Argentine crypto traders ...
ByBit has announced that it is ceasing operations in France due to recent regulatory actions by French authorities. Effective August 2, the company will restrict French users' accounts to "close-only" mode, preventing new positions or deposits. Users in France have been instructed to close all open positions and withdraw their ...
Bybit has announced an upcoming Initial Dex Offering (IDO) for the Teleegram-based web3 game LayerNet's native token, NetCoin ($NET). According to a press release, the IDO's subscription period will run from July 18 to July 25, offering a total supply of 800 million tokens, with 15 million allocated to the ...
Bybit has announced the listing of Hamster Kombat (HMSTR) tokens on its over-the-counter (OTC) platform, Bybit Pre-Market Trading. The official statement, released on July 8, 2024, marks a significant milestone for the record-breaking game in The Open Network (TON) ecosystem. According to the announcement, trading for HMSTR tokens commenced on ...
Ben Zhou, CEO of cryptocurrency exchange Bybit, addressed rumours of the platform being hacked and insolvent in a post on X on May 23. The previous day, speculation about Bybit's insolvency spread on X, fueled by memes imitating a popular post about FTX. This time, the posts targeted Bybit, causing ...
Cryptocurrency exchange Bybit has responded to the numerous user complaints and widespread frustration within the crypto community regarding the delays in NOTCOIN Airdrop withdrawals from the platform. The exchange attributed the issues to incorrect memo entries from the NOTCOIN app to Bybit during the withdrawal process. The problems began when ...
The cryptocurrency market witnessed a significant surge in value from October 2023 to March 2024, according to a new report released by Bybit in collaboration with Treehouse. During this period, the market capitalization soared from just over $1 trillion to over $2.6 trillion by March 2024. This surge in value ...
