**[Bybit EU Group Applies for MiFID II License, Advancing into the European Derivatives Market]** BlockBeats News, September 5: Cryptocurrency exchange platform Bybit is accelerating its expansion in Europe. Bybit EU Group has recently submitted an application to the Austrian Financial Market Authority (FMA), seeking to obtain an investment firm license for its subsidiary, Bybit X GmbH, under Austria's implementation of the MiFID II directive. If approved, Bybit X will be able to offer regulated derivatives products—such as futures and options—across the European Economic Area (EEA). This would expand the business scope of the bybit.eu platform from its current MiCAR-authorized crypto spot services to include the derivatives market. Following its successful acquisition of the MiCAR license in May 2025, this marks another significant milestone in Bybit's European expansion strategy. Bybit EU Group is headquartered in Vienna and officially launched its MiCAR-compliant platform, bybit.eu, in July 2025. Since its launch, Bybit EU has been steadily building momentum, introducing features such as spot margin trading with up to 10x leverage, promoting the adoption of USDC in Europe through a partnership with Circle, releasing the new Bybit Lite app and Bybit Card program, and continuously increasing the number of trading pairs to enhance user experience.