Latest news with #BybitEU
Business Insider
18 hours ago
- Business
- Business Insider
Bybit EU Lists Impossible Cloud Network Token (ICNT), Launches 300,000 ICNT Token Splash Campaign
Bybit EU has announced the listing of Impossible Cloud Network Token (ICNT), the native asset of the Impossible Cloud Network, a decentralized cloud infrastructure protocol designed to offer user-owned compute, storage, and bandwidth solutions as an alternative to legacy platforms such as AWS. Starting July 30, 2025, ICNT is now available for deposits on Bybit EU, with spot trading for the ICNT/USDC pair launching on July 31. Withdrawals will be enabled on August 1. The listing supports transactions via the ETH and BASE networks. To mark the listing, Bybit EU has introduced 'Token Splash,' a two-part promotion featuring a total reward pool of 300,000 ICNT. The first event, available exclusively to new users, runs from July 30 to August 15. Eligible participants who sign up on Bybit EU, complete identity verification, and meet deposit or trading thresholds will receive 100 ICNT, with rewards capped at 1,500 users. The second event, beginning July 31, invites all users to trade at least 500 USDC worth of ICNT to qualify for a share of a 150,000 ICNT pool. Rewards are based on trading volume and limited to 3,000 ICNT per user. ICNT is designed to power a composable, decentralized network that enables users to build and scale cloud services without relying on centralized infrastructure providers. The token underpins network functions such as storage allocation, compute task execution, and bandwidth exchange. This campaign is available only through Bybit EU and is subject to regional restrictions. Institutional users and market makers are not eligible. Users must complete full onboarding and register for the campaign within the event period to qualify for rewards. This announcement qualifies as a marketing communication under the Markets in Crypto-Assets Regulation (MiCAR) and does not constitute investment advice. Bybit EU GmbH is licensed as a Crypto Asset Service Provider under MiCAR. However, it is not a credit institution under the Austrian Banking Act. Crypto or fiat balances held on the platform are not protected by investor compensation or deposit insurance schemes. #Bybit / #TheCryptoHub About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at For more details about Bybit, please visit Bybit Press Contact Bybit
Business Insider
15-07-2025
- Business
- Business Insider
Bybit Lights Up Vienna: A New Era for Crypto in Europe Begins
Vienna, Austria, July 15th, 2025, Chainwire Bybit EU officially launched its European headquarters in Vienna last week with a landmark event at METAstadt, uniting over 250 guests from fintech, policy, academia, and blockchain sectors. The evening celebrated Austria's emergence as a crypto innovation hub under MiCAR and marked the beginning of Bybit's long-term commitment to Europe. Mazurka Zeng, CEO of Bybit EU, took the stage to present her newly formed team in Vienna alongside Bybit's Board of Directors, highlighting the strength of local leadership and the company's vision for Europe: 'We chose Vienna because it offers clarity, stability, and a thriving ecosystem. This event is about building real, lasting connections with Europe's crypto community.' The event featured keynote speeches by Ben Zhou, CEO and Co-founder of Bybit, who emphasized: 'Bybit EU is about setting a new standard — not just in Austria, but across Europe. We're here to build, together.' Austria's State Secretary for Finance, Barbara Eibinger-Miedl, welcomed the expansion, noting: "The decision by Bybit to establish itself in Austria once again demonstrates that our country offers excellent conditions for international FinTechs – from clear regulatory frameworks and modern digital infrastructure to an innovation-friendly environment. Austria positioned itself early on as a pioneer in implementing the MiCAR regulation and is now one of the most attractive FinTech locations in Europe. As the State Secretary for Finance, it is my goal to further strengthen this competitive advantage." Beyond the stage, guests enjoyed a vibrant program including a red carpet experience to capture hot moments of the evening, engagement activities designed to spark connection and creativity. Notable attendees included Georg Brameshuber (Validvent), Walter Mösenbacher (DAAA), Alfred Taudes (WU Wien), Ed Prinz (DLT), Bjorn Declerck (Tomorrowland), Christian Rau (Mastercard), Attila Dogudan (DO&CO), and Martin Hanzl (EY). The Vienna launch was not just a celebration — it was a signal. Bybit EU is here to stay, grow, and co-create the future of crypto across the continent. Image Text: Ben Zhou, CEO and Co-founder of Bybit, on stage at the official European launch event in Vienna Image Credit: Lisa Leutner More impressions of the event can be accessed via this link. About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA'*' except Malta) via the platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR), Bybit EU delivers fully regulated services, including crypto custody, exchange, and other products, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCAR), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Contact Tony Bybit
Malaysian Reserve
10-07-2025
- Business
- Malaysian Reserve
Bybit EU: Building Trust in a Regulated European Crypto Future
VIENNA, Austria, July 10, 2025 /PRNewswire/ — Today's press conference marks the formal introduction of Bybit EU to Austrian and European media. With its EU headquarters now operational in Vienna and a full MiCAR license issued by Austria's Financial Market Authority (FMA), Bybit EU enters the European market with a clear mission: To deliver fast, secure, and intuitive crypto services built on a foundation of regulatory clarity, transparency, and local engagement. 'Six years ago, we started with zero users and a bold vision. Today, we serve over 72 million users worldwide, and our mission continues. With Bybit EU, we're combining innovation with regulation, building a secure and user-centric crypto ecosystem right here in the heart of Europe', says Ben Zhou, Co-Founder and CEO of Bybit. Bybit EU is now fully operational and regulated under the Markets in Crypto-Assets Regulation (MiCAR), making it one of the first globally active crypto exchanges to obtain full authorization to serve all 29 countries within the European Economic Area. The license was granted earlier this year by Austria's Financial Market Authority (FMA), widely regarded for its balanced and professional approach to digital finance regulation. With this license, Bybit EU becomes a regulated, passported entity equipped to operate across borders with legal certainty and uniform compliance. Vienna as a Strategic Base for European Growth The establishment of Bybit EU is more than a licensing milestone – it represents a structural commitment to building for the long term within Europe's financial and regulatory ecosystem. 'Vienna was deliberately chosen as the location for the company's European headquarters due to its central geographic position, strong legal and financial infrastructure, and access to a highly educated, multilingual workforce. Austria's progressive stance on innovation in finance, along with its evolving sandbox model for digital assets, has positioned it as an ideal launchpad for pan-European crypto services', says Mazurka Zeng, CEO & Managing Director of Bybit EU, highlighting the strategic decision to base operations in Austria. Bybit EU is also investing directly in the local economy. The company is currently expanding its operations with the goal of hiring over 100 professionals in Vienna. In parallel, it is actively building partnerships with Austrian universities and academic institutions in order to support research, education, and innovation in blockchain and financial technology. These initiatives reflect Bybit's commitment to being not just a global platform with European users, but a truly European company with local roots and local relevance. In line with its community-first philosophy, Bybit is also introducing an open-office concept in its Vienna headquarters — creating a space where builders, developers, entrepreneurs, and partners from across the crypto ecosystem are welcome to connect, exchange ideas, and collaborate. The office is intended not only as a workplace, but as a vibrant hub for dialogue, knowledge sharing, and cross-industry innovation in a regulated environment. A Regulated Ecosystem Bybit EU's platform is designed to offer more than trading. It aims to create a real-world crypto ecosystem that meets the evolving needs of users in the European Union, while the company's infrastructure reflects the highest standards of user protection, including ISO/IEC 27001 certification, multi-party computation (MPC) wallet technology, and a strict internal compliance framework aligned with MiCAR and Austrian regulatory requirements. Ultimately, Bybit views MiCAR as a catalyst for responsible growth. The company sees regulation as a competitive advantage in an industry that is increasingly defined by transparency and trust. Bybit EU's presence in Vienna is a signal of its long-term intent to contribute to a mature, well-governed crypto ecosystem—one that is fully integrated with European values, safeguards, and ambitions. 'MiCAR is more than a regulatory framework — it's a turning point for our industry. It brings clarity, accountability, and above all, trust. At Bybit EU, we see compliance not as a burden, but as a driver of long-term value. Our presence in Vienna reflects our commitment to building a transparent, resilient, and truly European crypto ecosystem that is grounded in legal certainty and aligned with the values and expectations of the European Union', says Georg Harer, Managing Director and Head of Legal & Compliance at Bybit EU. #Bybit / #BybitEU / #MiCAR About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA'*' except Malta) via the platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR), Bybit EU delivers fully regulated services, including crypto custody, exchange, and rewards products and more, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCAR), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Media Contact: [email protected] Photo – Logo – View original content:
