Bybit
Tier-1Crypto Exchange
Dubai, UAE / Vienna, AT
Licensing & Entity
Licensed Entity
Bybit EU GmbH (Vienna) | Bybit Fintech FZE (UAE)
Regulator(s)
FMA (AT) under MiCA | UAE federal authority (CMA) | VARA (Dubai, IPA only)
License Tier
Tier 1
Verify At
ESMA CASP Register | VARA Public Register
Trading Details
Asset Classes
Spot, Perpetuals, Futures, Options
Copy Model
Native copy trading — longest track record among crypto venues
Min. Copy Amount
Not verified
Fee Model
Profit share to lead trader (commonly 10%, tiered up to 20% on some venues)
Key Restrictions
Standard KYC mandatory for all products including copy trading; no-KYC tier eliminated
Regional Regulatory Status
EU / EEA
AUTHORISED — MiCAR CASP from Austria's FMA dated 28 May 2025; passports across 29 EEA countries
UK
Not verified
US
Not available
Australia
Not verified
UAE
Virtual Asset Platform Operator licence at federal level (Oct 2025); VARA Dubai listing is In-Principle Approval only (IPA Aug 2024) — IPA holders may not service clients
India (FIU-IND)
Not registered
Risk Flags & Notes
MUST DISCLOSE: Bybit lost approx. 401,000 ETH (~$1.5bn) on 21 Feb 2025 — the largest crypto heist on record, attributed by the FBI to the Lazarus Group. Operates six separately licensed regional entities. Dubai residents should confirm status directly given the IPA/full-licence distinction.
