Bybit has officially obtained a Markets in Crypto-Assets Regulation (MiCA) license from Austria's Financial Market Authority (FMA), allowing the exchange to operate as a regulated crypto asset service provider across all 30 European Economic Area member states. The exchange has established its European headquarters in Vienna and plans to hire over 100 employees in Austria to enhance localized services. CEO Ben Zhou emphasized that this move reflects Bybit's 'compliance-first' strategy, which aims to strengthen consumer protection and promote collaboration with EU regulators. This expansion follows a significant security breach in February 2025, resulting in a loss of $1.4 billion in assets.