[Key Points] Bybit prepares to return to the UK:
- Bybit, after a pause imposed by the FCA directives, is actively preparing to return to the UK market.
- The exchange is working closely with UK financial authorities.
- Bybit is also strengthening its position in Dubai, where its headquarters are located.
Regulatory Realignment for Bybit
After being forced to suspend its operations in the UK due to regulatory changes by the Financial Conduct Authority (FCA), the Bybit exchange is considering returning to the UK market.
Daniel Basharimov, the VIP Relationship Manager at Bybit, recently announced on his Linkedin profile that the trading platform is currently working closely with British authorities to ensure compliance with the country’s regulations.
“I am happy to announce that Bybit is actively working to reintegrate into the UK market with more favorable regulatory requirements.“
– Daniel Basharimov
Taking a Step Back to Jump Higher
The decision to temporarily suspend operations in the UK was not without difficulties, but it allowed Bybit to realign with the constantly evolving regulatory requirements.
According to Basharimov, this period of introspection has been an opportunity for Bybit to strengthen its commitment to user security, transparency, and satisfaction.
Bybit Strengthens Its Position in Dubai
At the same time, Bybit has consolidated its presence in Dubai, with its headquarters now housing over 100 talented individuals.
Furthermore, the imminent acquisition of a VARA (Virtual Assets Regulatory Authority) license reflects their significant progress and ambition to strengthen their position in the market.
In conclusion, Bybit is preparing to reintegrate into the UK market, armed with a renewed vision and a determination to remain at the forefront of innovation in cryptocurrency trading.