Bybit exchange suspends services in India due to regulatory pressure

January 10, 2025 Coin Telegraph

Bybit will continue honoring user withdrawal requests despite temporarily halting other services.

Bybit, a global crypto exchange, announced a temporary suspension of its crypto trading services in India, citing regulatory developments.

Starting Jan. 12 at 8:00 am UTC, Bybit will restrict several services, including cryptocurrency trading, account openings and placing orders through other exchange products.

Bybit attributed the decision to its goal of operating in “full compliance with all applicable rules and regulations,” the exchange stated in a Jan. 10 announcement, adding:

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Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

December 31, 2024 Bitcoin.com

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Malaysia has ordered Bybit to halt its crypto exchange operations in the country, as regulators crack down on unregistered platforms. Bybit Faces Enforcement in Malaysia Over Unregistered Crypto Exchange Operations The Securities Commission Malaysia (SC) announced on Dec. 27 that it has taken enforcement measures against Bybit Technology Ltd. and its CEO, Ben Zhou, citing […]

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French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

December 18, 2024 Bitcoin.com

bitcoin.com

Crypto exchange Bybit will cease withdrawal and custody services for French users starting Jan. 8, 2025, citing regulatory changes, urging users to withdraw assets promptly to avoid disruptions. Bybit to End Withdrawals in France Bybit, a global cryptocurrency exchange, has announced it will no longer provide withdrawal and custody services to users in France, starting […]

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Ether poised to outperform Bitcoin: Bybit

December 6, 2024 Coin Telegraph

alt season

Bybit’s November market report points toward Ethereum gaining traction as Bitcoin dominance fades.

Ether (ETH) outshined Bitcoin (BTC) in the cryptocurrency spot and derivative markets after the United States Nov. 5 presidential election and keeps gaining momentum, according to a Dec. 2 report by crypto exchange Bybit.

In November, Ether “gained significant traction against BTC, as reflected by the sharp drops in the ratio between their spot prices,” Bybit said in its November 2024 Volatility Review, co-created by market researcher Block Scholes.

Growing demand for ETH options also indicates “[t]raders are increasingly favoring ETH,” Bybit said in a statement.

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Bybit Rallies to Support Flood-Stricken Communities in Spain: A Commitment to Recovery

November 17, 2024 Bitcoin.com

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Bybit has announced its commitment to assist communities affected by the catastrophic floods in Valencia and other regions of Spain, which have resulted in over 200 fatalities, thousands of displaced individuals, and extensive infrastructure damage. In partnership with the local non-profit organization Admundi, which focuses on improving the lives of impoverished children, Bybit is mobilizing […]

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Bybit Expands Global Presence With VASP Registration by the National Bank of Georgia

November 6, 2024 Bitcoin.com

bitcoin.com

Bybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, […]

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Bankrupt FTX Inks Over $227,000,000 Settlement With Bybit To Recover Stakeholder Funds

October 29, 2024 The Daily Hodl

Bybit

The bankrupt crypto exchange FTX has reached a settlement with the digital asset exchange Bybit to the tune of hundreds of millions of dollars. Last week, FTX’s legal team submitted a motion approving a settlement agreement with Bybit stemming from FTX’s claims that Bybit had refused to allow the bankrupt firm to withdraw assets currently […]

The post Bankrupt FTX Inks Over $227,000,000 Settlement With Bybit To Recover Stakeholder Funds appeared first on The Daily Hodl.

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FTX settles lawsuit against the Bybit exchange for $228 million

October 27, 2024 Coin Telegraph

FTX settles lawsuit against the Bybit exchange for 8 million

Bankruptcy

The prices of Bitcoin and other digital assets were significantly lower during the 2022 collapse of FTX compared to current market prices.

The FTX bankruptcy estate agreed to a $228 million settlement with the Bybit exchange in an Oct. 24 legal filing, for a lawsuit first filed in 2023 by the FTX estate, seeking to recover funds to repay former customers and creditors.

According to the legal filing, the settlement agreement will allow FTX to withdraw $175 million in digital assets held on Bybit and sell approximately $53 million in BIT tokens to Mirana Corp — an investment division of the Bybit exchange. Attorneys for FTX noted that while their claims have merit, further litigation would prove cumbersome:

The settlement deal must still be approved by a court, and a hearing to ratify the agreement between the two parties is scheduled for November 20, 2024, at 2 PM Eastern time.

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Bybit CEO: Celebrities Should Avoid Giving Direct Crypto Investment Advice

October 12, 2024 Bitcoin.com

bitcoin.com

According to Ben Zhou, founder and CEO of crypto derivatives platform Bybit, content creators play a vital role in the crypto ecosystem. Besides helping inexperienced investors and traders avoid steep losses, crypto content creators can also attract billions of people unfamiliar with or skeptical about cryptocurrencies. Rapid Industry Changes Create Information Overload However, in written […]

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Bybit Expands in CIS Region With Kazakhstan License for Crypto Services

September 28, 2024 Bitcoin.com

AFSA

Crypto exchange Bybit has secured a major license in Kazakhstan, marking its expansion in the Commonwealth of Independent States (CIS) region. With its new regulatory approval, Bybit plans to offer a broad range of services including digital asset trading and crypto loans, while emphasizing Kazakhstan’s growing influence in the global crypto ecosystem. Bybit Secures Key […]

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