Bybit will leave the UK following a "final warning"

Hi HODLers, Hiveans and Lions,

Regulators have been ruthless against a lot of KYC Free or Asian Crypto Exchanges...

Bybit is feeling the pressure from the UK regulator and decided to exit the UK market.

They will start suspending services from Oct, 1st. On Oct 8th, there will be a suspension of new deposits, new contracts and changes to position

“In light of the UK Financial Conduct Authority’s introduction of new rules regarding marketing and communications by crypto businesses. [...] Bybit has made a choice to embrace the regulation proactively and pause our services in this market,” said the firm.

This recent announcement follow a similar on for the Canadian market back in May 2023.

I used to like Bybit but I have also been closed out of my local market and had to withdraw my funds.

I would love to have a platform where to use derivatives veyr easily and accessible to Western countries. Any ideas?

Source

Stay safe,

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