Coinbase’s acquisition of India-based CoinDCX, along with Bybit’s re-entry into the UK market, was well received by the market.

This is happening after a two-year break because of strict rules. The company now lets you trade on 100 pairs and use peer-to-peer services.

Bybit left the UK in 2023. New rules from the Financial Conduct Authority (FCA) made it hard to promote crypto services. The exchange stopped new accounts and urged users to close positions. Back then, CEO Ben Zhou warned that such regulations might force exits from places like the UK and France.

To return, Bybit teamed up with Archax. This London-based company holds FCA approval. It helps Bybit operate under UK financial promotion guidelines. This setup lets Bybit offer services without direct licensing. The relaunch focuses on spot trading and P2P. These are simple ways to buy and sell cryptos. Bybit says this meets user needs while staying compliant.

Additionally, Mykolas Majauskas,S enior Director of Policy at Bybit, said the following:

“The UK is home to one of the most sophisticated financial ecosystems in the world, and its clear regulatory direction makes it an ideal environment for responsible innovation”

As an editor, I would also like to add the words of Ben Zhou, Co-founder of Bybit:

“Over the past year, we have built products shaped by the needs of UK users, and we are excited to mark not just a return, but the start of a new chapter where users gain access to a platform designed to support informed engagement with the digital-asset economy”

Note: In compliance with UK regulations, derivatives and margin trading remain unavailable for UK retail users.

You can register now in UK:https://www.bybit.com/en/

Update 4.22 P.M: Official source from Chainwire : https://www.tradingview.com/news/chainwire:c9364a8de094b:0-bybit-launches-in-the-uk-to-meet-rising-demand-for-digital-asset-platforms/