Bybit is developing a European super app combining personal banking features, cryptocurrency trading, equities and derivatives. Founder and CEO Ben Zhou said the exchange has received an electronic money institution license from Austria's Financial Market Authority and already holds MiCA authorization that covers the European Union market. The EMI license will allow users to open personal accounts with IBANs for salary payments, bill payments and local or third-party transfers while using stablecoins and other crypto assets. Bybit expects to obtain MiFID II authorization in about two months, Zhou said, which would broaden its ability to provide regulated investment services alongside payments and crypto. The Dubai-headquartered exchange is seeking to compete with financial apps offering a wider range of services, while European customers currently have spot trading, margin trading capped at 10x leverage and the Bybit Card.