Bybit, a major cryptocurrency exchange, is pushing into the European market by applying for a license under the Markets in Financial Instruments Directive (MiFID II) to offer derivatives products. This move could significantly expand their offering of trading services across the European Economic Area (EEA). The application submitted to the Austrian Financial Market Authority (FMA) from Bybit’s subsidiary, Bybit X GmbH, aims to provide regulated futures and options to clients across the region after successfully securing the MiCAR license in May 2025. This strategic expansion comes following a series of developments for Bybit EU Group, including introducing new features on its platform like spot margin trading with up to 10x leverage, partnering with Circle to enhance USDC adoption, and expanding bybit.eu’s trading pairs to boost engagement.