EU CRYPTO DERIVATIVES · BYBIT · LAST VERIFIED
Has Bybit applied for MiFID II authorisation in the EU?
Bybit (via Bybit X GmbH) has filed a MiFID II investment-firm-licence application with the Austrian Financial Market Authority (FMA). The authorisation has not yet been granted as of this verification date.
Verdict: Bybit has applied for MiFID II authorisation but has not yet been granted.
| Applicant legal entity | Bybit X GmbH |
|---|---|
| Regulator handling the application | Austrian Financial Market Authority (FMA) |
| Application submission date | |
| Current MiCA position | Bybit EU GmbH (Austrian Financial Market Authority (FMA)) |
Source: Bybit EU Group MiFID II License application (PRNewswire, 5 September 2025, issuer-published). Verified 30 June 2026.
What does this mean for me as a user of Bybit?
Bybit's MiFID II application is in progress. As of , the application has been filed with Austrian Financial Market Authority (FMA) but no authorisation has been published. Until the licence is granted, Bybit cannot legally provide crypto-derivative services to EEA residents under MiFID II.
The MiCA-authorised Bybit EU GmbH entity may continue to offer spot crypto services in the EEA. Derivatives offered globally via bybit.com (Bybit Technology Limited, Dubai) are not covered by an EEA MiFID II authorisation.
What about Bybit's spot crypto business?
Bybit operates the spot crypto business through a separate legal entity: Bybit EU GmbH, authorised under MiCA by Austrian Financial Market Authority (FMA). The MiCA authorisation covers spot trading, custody, fiat conversion, and the other crypto-asset services defined in Article 3(1)(16) of Regulation (EU) 2023/1114. It does not cover derivatives.
See the full MiCA spot profile: Bybit MiCA status →
Does Bybit also issue a crypto card?
Bybit is one of the brands in our card register. A crypto card is a separate product from derivatives: it is issued by an e-money or banking partner, not under MiFID II. We record who actually issues the Bybit card, which regulator authorises that issuer, what protects your balance, and the issuer's own published fees with the exact source shown for each figure.
See the full card profile: Who issues the Bybit card and what protects your money →
What are the MiFID II-authorised alternatives?
Six firms in our register hold a MiFID II authorisation that covers crypto derivatives in the EEA. Kraken, Coinbase, and OKX have verified live retail products; the other three hold the relevant licences but the live retail-product status differs.
- OKX - MFSA Malta authorisation (OKX Europe Markets Limited); EUR-native deposit, X-Perps 5-year-expiry crypto futures. Live.
- Kraken - CySEC Cyprus authorisation (Payward Europe Digital Solutions (CY) Limited, licence 342/17); USD-margined perpetuals and fixed-maturity futures. Live.
- Crypto.com - CySEC Cyprus authorisation (Foris Capital CY Ltd, CIF 344/17); licence covers derivatives and CFDs. Live retail product not independently verified at the time of writing.
- Bitstamp - ATVP Slovenia MTF licence (Bitstamp Financial Services Ltd., granted 24 October 2024); crypto-derivatives multilateral trading facility. Live retail trading not independently verified at the time of writing.
- Bitpanda - FMA Austria MiFID II investment firm (Bitpanda Financial Services GmbH); CFDs on crypto under own-account dealing (Bitpanda Leverage, L-Tokens, S-Tokens, A-Token Derivative). Live for CFDs.
Frequently asked questions about Bybit and MiFID II
Can I trade crypto derivatives on Bybit in the EU today?
Not under an EEA MiFID II authorisation. Bybit X GmbH has applied to the Austrian Financial Market Authority (FMA) for an investment-firm licence (submitted 5 September 2025), but no authorisation has been granted as of . Crypto derivatives offered on the global Bybit platform contract with a non-EEA legal entity and are not within the EU MiFID II perimeter.
What about Bybit's spot crypto business in the EU?
Bybit EU GmbH holds an EEA MiCA authorisation for spot crypto services. The MiCA authorisation is real and operating; it covers spot trading and other crypto-asset services. It does not cover derivatives. See the full Bybit MiCA profile for the spot side.
How does The Crypto Register verify MiFID II authorisations?
Every MiFID II authorisation claim on this site is verified against at least two primary sources: the firm's own published regulatory disclosures, plus an independent regulator or press source. Our full methodology describes the verification process. Corrections welcome at our contact page.
Sources cited on this page
All facts on this page are verified against at least two primary sources per our methodology. Corrections welcome at our contact page.