This license enables the platform to offer digital asset services across all 30 European Economic Area (EEA) countries.
Bybit plans to make Austria the hub of its European operations. The exchange will establish a permanent headquarters in Vienna and recruit over 100 local professionals.
Mazurka Zeng, head of Bybit Europe, said the company is also launching educational efforts through its Blockchain for Good Alliance. This initiative will support blockchain research and development in collaboration with universities.
“We are actively collaborating with regulators and pursuing licenses globally to ensure our users can access our innovative platform with the highest levels of regulatory and compliance assurance.”
According to a dedicated portal launched by the exchange to track the stolen funds, about $644 million, nearly 46% of the stolen assets, remains untraceable.
The bulk of the laundered funds, around $247 million, passed through Wasabi Wallet, while $94 million flowed through CryptoMixer.
However, the exchange has said that the remaining $693 million of the stolen funds is traceable and $62.9 million has already been frozen.
