Bybit starts in Vienna: 100 new jobs for crypto enthusiasts!

Bybit starts in Vienna: 100 new jobs for crypto enthusiasts!

The Bybit crypto exchange opened its new European headquarters in Vienna on June 2, 2025. With this step, the company plans to create over 100 new jobs in the Austrian capital. Bybit is considered the world's second largest cryptocurrency exchange according to trading volume, and entering the Vienna market marks an important strategic step for the company.

Bybit has received a license from the Austrian Financial Market Authority (FMA) in accordance with the EU Ordinance on Markets for Crypto values ​​(Micar). This license allows Bybit to act as a completely regulated provider of crypto services. This enables the stock exchange to offer its regulated products and services via their EEA hub in Austria in a total of 29 member states of the European Economic Area (EEA), which benefits around 500 million Europeans. CEO of Bybit Europe, Mazurka Zeng, underlines the importance of these investments in talents and innovations for the financial landscape in Austria.

regulatory framework

The Micar Ordinance aims to create risk-friendly regulation and increase investor protection. It offers legal clarity in the field of distributed Ledger technology, which is of central importance for many companies in the crypto industry. Provisions on wealth-referative crypto values ​​and e-money tokens, also known as stable coins, are expected to come into force in July 2024, while the majority of the Mica regulation will be effective in early 2025.

The European supervisory authorities, including BaFin, are currently working on technical regulatory and implementation law files. In Germany, many shops with crypto values ​​are subject to a duty of permission as a financial service. As a rule, providers must create a white paper and submit them to the supervisory authorities. Approval is also required for the public offer of e-money tokens and asset references.

What does that mean for Bybit and the industry?

With more than 15 million active users, Bybit is considered a "significant provider" and will be subject to special supervisory measures. Customers have a replacement claim to the issuer and provider must hold minimum liquidity and have their headquarters in the EU. The new regulations, including the "Travel Rule", which calls for the identification of customers for money laundering prevention for transfers of crypto values, show the increasing interest and regulation of the crypto industry at European level.

Overall, the opening of the Bybit headquarters in Vienna not only represents significant economic development, but also contributes to the creation of a clearer and safer environment for crypto services in Europe. For further information on the regulation of crypto services in Europe, the Bafin that offers detailed information on the new regulations. As 5min.at , this step is observed with excitement by the crypto community. The growth and adaptation to regulatory standards will be crucial for success in this dynamic market.