TechFlow news, September 5 — Bybit EU Group has recently formally submitted an application to the Austrian Financial Market Authority (FMA), seeking an investment firm license for its subsidiary Bybit X GmbH under Austria’s implementation of MiFID II.
If approved, Bybit X will be able to offer regulated derivatives products—including futures and options—across the European Economic Area (EEA). This would expand the bybit.eu platform’s operations beyond its current MiCAR-authorized crypto spot services into the derivatives market. Following Bybit’s successful acquisition of a MiCAR license in May 2025, this marks another major milestone in its European expansion strategy.
Mazurka Zheng, Managing Director and CEO of Bybit EU, said: “Regulatory clarity is key to Europe becoming one of the most forward-looking regions globally in the field of crypto assets. We are proud that Bybit EU Group has submitted an investment firm license application via Bybit X to FMA, Austria’s local regulator. This license will enable Bybit EU Group to further expand its services across the EU through Bybit X and Bybit EU, offering derivatives such as futures and options on the bybit.eu platform. We believe this will significantly enhance our market presence in the EEA. Our mission is clear: to provide European users with comprehensive crypto services in the safest and most compliant manner possible.”
