Bybit Secures Austrian E-Money License to Expand European Services

The new regulatory approval allows Bybit to develop a suite of financial tools, including peer-to-peer transfers, open-banking functionality, and merchant payment solutions. By maintaining two distinct legal entities—Bybit Payments GmbH for payment services and Bybit EU GmbH for crypto-asset custody and exchange—the company aims to align its operations with European compliance standards. Managing directors Georg Harer and Bernhard Krick emphasized that this dual-entity structure is fundamental to their strategy for regional growth.

By securing direct control over its payment infrastructure, Bybit intends to reduce its reliance on third-party providers. While the platform currently facilitates crypto-asset services across the European Economic Area, the integration of e-money capabilities marks a shift toward a broader financial ecosystem. Further details regarding specific product rollouts and timelines are expected in the coming months.