Bybit to offer European super-app with stocks, derivatives

Bybit is building something ambitious in Europe: a single platform where users can trade crypto, stocks, and derivatives without switching apps. The exchange, which secured MiCA authorization from Austria’s Financial Market Authority in May 2025, is now pursuing a MiFID II license that would unlock regulated futures and options across the European Economic Area.

The regulatory puzzle, piece by piece

Bybit’s European expansion has followed a deliberate, two-track regulatory strategy. The first piece fell into place on May 28, 2025, when Bybit EU GmbH received its Crypto-Asset Service Provider authorization under MiCA from Austria’s FMA. That approval gave the exchange a legal foundation to operate across the EEA, and by July 2025 the dedicated platform at bybit.eu was live.

The current European offering includes spot trading, margin trading capped at 10x leverage, and the Bybit Card.

The second piece is still in progress. In September 2025, Bybit X GmbH submitted an application for a MiFID II license, the regulatory framework that governs investment services and derivative products across the EU. If approved, that license would let Bybit offer regulated futures and options to European users, bridging the gap between its global product suite and the more constrained EEA version.

The distinction matters. Globally, Bybit launched 24/7 USDT-settled perpetual contracts for US stocks, ETFs, and commodities in April 2026. European users can’t touch any of it. The exchange maintains strict regional compliance boundaries, which means EEA customers are walled off from products that haven’t cleared European regulators.

What a super-app actually means here

No official communication has outlined a specific “European super-app” vision as of September 2026; however, the combination of ongoing regulatory applications, existing product offerings, and references to a potential Bybit Lite app suggests a strategic direction towards a more integrated and comprehensive user experience combining traditional financial instruments with crypto functionalities once the necessary regulatory approvals are secured.

The European crypto landscape is getting crowded

Bybit isn’t making this push in a vacuum. MiCA has created a defined regulatory pathway for crypto platforms in Europe, and competitors are moving quickly to establish their positions. Coinbase, Kraken, and Bitstamp have all pursued or secured European licenses. Binance has taken a more fragmented approach, operating through various national registrations. OKX has been expanding its European presence as well.

What separates Bybit’s strategy is the explicit pursuit of both MiCA and MiFID II authorizations. Most crypto exchanges have focused on MiCA compliance as the primary regulatory target. By also seeking MiFID II, Bybit is positioning itself to compete not just with other crypto exchanges but with traditional brokerages and investment platforms.

The 10x leverage cap on margin trading illustrates how European regulation shapes product design. On Bybit’s global platform, leverage ratios can run significantly higher. In the EEA, the exchange has capped it at a level that aligns with European investor protection norms.

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