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Bybit EU officially launched its European headquarters in Vienna, Austria, last week at an event held at METAstadt, attracting over 250 participants from fintech, blockchain, academia, and governmental sectors. The launch marks Bybit’s expansion into Europe under the recently implemented Markets in Crypto-Assets Regulation (MiCAR).
CEO of Bybit EU, Mazurka Zeng, provided introductions for her local team as well as for the international Board of Directors. Zeng mentioned some of the key reasons for their choice of Austria for operations; regulatory clarity in Vienna; stability; an excellent business ecosystem. Active participation and building relationships with Europe's cryptocurrency community are among the company's plans for the years ahead.
Bybit CEO and Co-founder Ben Zhou spoke of how important the European market will be to them and that they intend to set new standards for cryptocurrency services in Europe.
In support of the decision for Bybit to enter Austria, State Secretary for Finance Barbara Eibinger-Miedl named the well-structured legal framework, modern digital infrastructure, and innovation-friendly business environment as main factors enticing fintech and crypto companies to the country. She reiterated Austria’s commitment to maintaining its competitive advantage in implementing MiCAR regulation.
The event provided a mixed bag of activities aimed at networking and community engagement, having an impressive list of attendees like Georg Brameshuber (Validvent), Walter Mösenbacher (DAAA), Alfred Taudes (WU Wien), Ed Prinz (DLT), Bjorn Declerck (Tomorrowland), Christian Rau (Mastercard), Attila Dogudan (DO&CO), and Martin Hanzl (EY).
Under the MiCAR regulation, Bybit EU GmbH is a licensed Crypto-Asset Service Provider who offers services including custody and administration of crypto-assets, exchange services between crypto-assets and funds, placement of crypto-assets, and transfer of crypto-assets for clients within the European Economic Area (EEA) except Malta, while the provision of trading platforms and investment advice is outside of their scope.
The event represents Bybit’s long-term commitment to expanding and contributing to Europe's crypto ecosystem.
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