Bybit’s EU payments arm secures Austrian e-money license

60-second summary

Bybit's Austrian payments subsidiary secures an e-money license, enabling it to offer card, merchant, open-banking, and person-to-person payment services in the EU. This regulatory approval allows Bybit to expand its financial services in the region. The move is expected to increase adoption of cryptocurrencies and digital assets in European markets, driving growth and mainstream acceptance.