The operations of Bybit, a cryptocurrency exchange, have been extended to the Netherlands through the introduction of a new, regulated digital asset platform called Bybit.nl. This announcement, made on the 28th of March, 2024, further emphasizes Bybit’s policy of following regulations and delivering the best services to its users.

Bybit’s Expansion into the Netherlands

The introduction of Bybit.nl marks a notable move in the expansion strategy of Bybit, which has been identified as one of the top three cryptocurrency exchanges by trading volume. Moreover, this launch is a reflection of the growing need for regulated cryptocurrency services in Europe and signifies Bybit’s commitment to providing compliant and safe trading options to the wider public.

This growth is especially significant after Bybit’s struggles in Hong Kong, where the Security and Futures Commission of the region issued a warning to the exchange about providing crypto-related products without a license. The shift of the company to the Netherlands, one of the jurisdictions associated with a clear regulatory position on digital assets, reunites a notable change in the operational focus of Bybit.

Partnership with SATOS and Enhanced User Experience

The new platform has emerged following a collaboration with SATOS, a leading Bitcoin-oriented company in the Netherlands. This partnership has played a major role in creating a safe, client-friendly, and regulated environment for the Dutch users.

Bybit.nl provides diverse financial products and more than 300 trading pairs and is supported by advanced trading tools and education resources. The collaboration is not only an expression of the exchanges dedication to compliance and safety but also guarantees that users from the Netherlands get a trading experience that is able to meet their specific requirements.

Integration of Web3 Features

Another important characteristic of Bybit.nl is the incorporation of Web3 capabilities. These include the Bybit Web3 Wallet and the Airdrop Arcade, providing the Dutch with a full and appealing Web3 environment. The entry of the exchange into Web3 underlines its commitment to leading in technological advancements in the crypto industry.

The Netherlands initiative of Bybit is supported by high-security procedures and compliance with regulatory standards. SATOS, regulated by the Dutch National Bank, is instrumental in assuring high levels of safety and reliability for the users of this platform.  Concurrently, this emphasis on compliance and security represents a core part of the exchange’s strategy, which is designed to cultivate trust and longevity in user relationships.

Read Also: Sui Price Rallies As Tencent Cloud Deepens Partnership With Mysten Labs

The post Bybit Expands to Netherlands with New Crypto Platform appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am