Bybit Begins Phasing Out Global Platform Services for EEA Users Amid MiCA Compliance Push
Bybit is progressively limiting Global platform services for EEA users as part of its MiCA compliance migration, ensuring affected customers receive advance notice and retain access to their assets throughout the process.
Cryptocurrency exchange Bybit has announced a gradual restriction of certain services available on its Global platform for residents of the European Economic Area, as the company advances its regulatory compliance strategy under the Markets in Crypto-Assets framework, widely known as MiCA.
According to a notice published on June 29, the exchange confirmed that the operational changes are part of a broader regulatory alignment initiative in Europe. Bybit emphasized that all affected users will be notified well in advance, giving them sufficient time to manage both existing and new positions before any access restrictions come into force.
Importantly, users will retain full access to their custodied assets throughout the entire migration period, allowing them to remediate balances and positions without losing control of their funds during the transition.
The restrictions will apply to residents across the majority of EEA member states, including major economies such as France, Germany, Italy, Spain, and the Netherlands. However, Malta has been carved out from the current rollout. Bybit explained that its EU entity's licenses have not yet been passported to Malta, and the regulated arm does not currently serve Maltese customers.
The announcement closely follows Bybit's ongoing effort to build out its regulated European business. The exchange disclosed that its European platform operates through an entity authorized under MiCAR — the regulatory instrument through which MiCA is enforced — and revealed that it is actively pursuing an additional license in Austria to broaden the product suite it can legally offer across the region.
This latest development signals a meaningful shift in Bybit's European strategy. Having secured regulatory approvals, the exchange is now moving into the execution phase — actively transitioning users from the Global platform to its compliant EU-based entity.
Analysts note that the MiCA framework, which came into full effect at the end of 2024, is prompting major crypto exchanges to restructure their European operations. Bybit's phased migration approach reflects an industry-wide trend of separating global and regulated-market offerings to satisfy increasingly strict licensing requirements.
Bybit reassured customers that communications around each phase of the transition will be clear and timely, with no abrupt service cutoffs. The exchange did not specify an exact completion date for the full migration but indicated the process would be carried out progressively across affected jurisdictions.
