Bybit, one of the world’s top three cryptocurrency exchanges by volume, officially declared on Thursday its expansion of service to the overseas Chinese community. “This move is a response to the increasing demand for secure, reliable, and user-friendly cryptocurrency trading platforms among Chinese expatriates and international Chinese communities,” the company stated. This announcement comes after reports surfaced on Wednesday suggesting that Bybit had potentially enabled registration and authentication services for users residing in China, previously considered a restricted jurisdiction. Bybit did not respond to requests for comment.
“Overseas Chinese users will now be able to register and open accounts on the Bybit platform, enjoying the same benefits as our existing user base,” the company said in its statement. “Bybit remains committed to adhering to all applicable regulations in the markets we operate in,” it also said, adding that it hopes to operate in Hong Kong, UAE and the EU eventually.
