Bybit, one of the world’s leading cryptocurrency exchanges in terms of trading volumes, is expanding its presence in Europe following regulatory scrutiny in Hong Kong.
On March 28, Bybit officially announced the launch of Bybit.nl, its digital asset platform in the Netherlands. This new local trading platform is regulated in the country and aims to provide Dutch users with access to cryptocurrency trading and educational resources.
Bybit.nl was made possible through a collaboration with Satos, one of the oldest Bitcoin-focused companies in the Netherlands. Through this partnership, Dutch users of Bybit can deposit and withdraw fiat currency and trade over 300 pairs.
By launching in the Netherlands, Bybit seeks to uphold regulatory compliance while serving its users, according to Ben Zhou, co-founder and CEO of Bybit. He stated, “Through our partnership with SATOS, we aim to offer Dutch users a secure and seamless trading experience, supported by top-notch security measures and unparalleled support.”
Cointelegraph reached out to Bybit for a comment regarding the Bybit.nl launch but has not yet received a response at the time of publication.
This news comes shortly after Hong Kong’s Securities and Futures Commission issued a public warning against Bybit on March 14. The regulator stated that Bybit was offering crypto-related products in multiple jurisdictions without holding a license.
Please note that this is an ongoing story, and further information will be provided as it becomes available.
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