Bybit Secures Virtual Asset Service Provider Registration in Georgia

Bybit's Strategic Expansion in Georgia

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has achieved a significant milestone by becoming a registered Virtual Asset Service Provider (VASP) in Georgia. This achievement underscores Bybit's commitment to regulatory compliance and highlights its role as a reliable partner in digital economic development within the region.

Commitment to Global Compliance

In 2024, Bybit has actively pursued licensing in key markets such as the Netherlands, Kazakhstan, and Türkiye. These efforts demonstrate Bybit's proactive approach to creating a transparent and secure environment for digital assets on a global scale.

Supporting Georgia's Digital Transformation

Bybit's entry into Georgia aligns with the country's aspirations to embrace digital transformation. As cryptocurrency demand surges, Bybit aims to deliver world-class trading solutions to empower local users, entrepreneurs, and institutional investors. This initiative supports Georgia's ambition to become a hub for blockchain innovation.

Enhancing the Digital Economy

Georgia's progressive regulatory environment and strategic geographical location make it an ideal ground for a thriving digital economy. Bybit is poised to contribute significantly by incorporating global best practices, fostering education, and opening new innovation opportunities in the region.

About Bybit

Established in 2018, Bybit serves over 50 million users, offering a professional platform with an ultra-fast matching engine, 24/7 customer service, and multilingual support. Bybit is also a proud partner of Formula One's Oracle Red Bull Racing team, emphasizing its influence and reach in the global market.