Bybit relaunches UK platform via Archax under FCA promotion rules
Bybit is returning to the UK market after a two-year absence, launching a new platform under the FCA’s financial promotion rules via a partnership with Archax, an FCA-authorized firm. The exchange will provide spot trading on 100 pairs and a peer-to-peer service, with a strong emphasis on AML and KYC compliance. Products are tailored for the UK, excluding derivatives and leveraged offerings, and include clear risk warnings about potential losses and the lack of investor protection schemes. The move comes amid declining crypto adoption in the UK, raising questions about whether Bybit’s re-entry represents responsible innovation or regulatory arbitrage. Key operational and consumer protection details remain undisclosed.
cointelegraph12/19 10:15
