Bybit Resumes UK Operations via Archax Regulatory Framework
Bybit’s UK relaunch aligns with FCA rules, offering spot and P2P services through Archax’s licensed framework to leverage global liquidity within regulated markets.
Fact Check
The provided sources consistently and strongly support all components of the statement. The evidence across multiple, credible news outlets is unanimous. A top-tier cryptocurrency news outlet and a major news aggregator both explicitly state that Bybit is resuming or relaunching its UK services. All sources confirm this is being done through a partnership with Archax. Furthermore, the sources clarify the nature of this partnership, noting that Bybit will operate under Archax's license and supervision to comply with the UK's Financial Conduct Authority (FCA) rules. This directly confirms the claim that Bybit is 'utilizing its regulatory framework.' There are no contradictions in the provided evidence, and the sources, ranging from high to medium authority, all point to the same conclusion, making the statement very likely to be true.
Summary
Bybit has restarted its UK operations in compliance with FCA financial promotion rules, partnering with Archax to legally market its services without direct FCA authorisation. The relaunch offers spot trading and P2P services with 100 trading pairs, supported by Bybit’s global liquidity and infrastructure. This move follows the exchange’s adaptation to regulatory standards and reflects a broader industry trend of aligning with strict oversight to strengthen trust in crypto markets.
Terms & Concepts
- Spot Trading: Buying or selling cryptocurrencies for immediate settlement at current market prices.
- Regulatory Framework: A set of laws and guidelines that govern financial or operational activities within a jurisdiction.
- Archax: A London-licensed exchange providing regulated trading infrastructure for digital assets.