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Bybit Europe Adds PayPal for Crypto Deposits and Withdrawals Across the EEA

The partnership introduces PayPal as a fiat on/off-ramp (conversion between cash and crypto) for users in the European Economic Area under the EU’s MiCA (Markets in Crypto-Assets framework) regulatory regime.

Summary

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Terms & Concepts
  • Fiat on/off-ramp: A service that lets users convert traditional currency into crypto and back out to cash.
  • MiCA: The European Union’s Markets in Crypto-Assets framework, a regional rulebook for regulating crypto services and issuers.
  • EEA: The European Economic Area, which extends the EU single market to participating European countries.