Bybit is ending crypto trading for EEA users on its global platform. Users must migrate to the EU-licensed entity by July 1 or face account restrictions.
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The exchange is migrating European users to its separately licensed EU entity, not leaving the region entirely.
Bybit is shutting down crypto trading services for European Economic Area residents on its global platform. EEA users must move to a dedicated regulated European entity or face escalating account restrictions.
The EU's Markets in Crypto-Assets Regulation, known as MiCA, completes its transition period on July 1, 2026. Any crypto platform serving European customers needs full compliance by that date.
Bybit isn't abandoning Europe. It is splitting operations into two lanes. EEA residents currently using bybit.com, the global platform, need to transfer accounts to bybit.eu, the exchange's EU-specific platform.
Bybit EU operates under a MiCAR license awarded by Austria's Financial Market Authority in 2025. That license covers services across most EEA countries, with one exception: Malta.
For users who do not migrate, the consequences are progressive. First come restrictions on trading and deposits. Eventually accounts get downgraded to withdrawal-only access.
The migration campaign kicked off in June 2026, giving users a narrow window before the July 1 cutoff. Bybit launched a promotional campaign called "Move Your Funds, Get Rewarded" offering cashback incentives on deposits made to the EU platform.
Bybit CEO Ben Zhou has indicated that simply obtaining a MiCA license may not be enough for exchanges to achieve profitability in Europe. His assessment suggests companies may need additional licensing under MiFID and EMI authorization to build a viable business on the continent.
The exclusion of Malta from Bybit EU's coverage is worth noting for traders based there. Malta was once branded "Blockchain Island" for its crypto-friendly regulatory stance. Being carved out of Bybit's EU operations suggests specific regulatory or licensing complications unique to the Maltese market.
For EEA-based traders currently on Bybit's global platform, the immediate action item is straightforward: migrate to bybit.eu before the deadline or lose trading access.
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