Bybit, a major player in the cryptocurrency exchange market, has announced a significant expansion into the Netherlands by launching Bybit.nl, a regulated digital asset platform, in collaboration with SATOS. This strategic move enables Dutch users to access a vast array of over 300 trading pairs, alongside fiat onramps and numerous advanced features, all within a regulatory-compliant framework. Ben Zhou, Bybit’s co-founder and CEO, highlighted the launch as a milestone in their commitment to user service and regulatory adherence. Partnering with SATOS, a trusted crypto service provider under the Dutch National Bank’s supervision since 2013, Bybit aims to offer secure, seamless trading experiences enriched with versatile tools, community support, and a bridge to Web3 services.

Despite its growth and expansion, including a notable increase in market share as reported by Crypto Briefing, Bybit faced challenges, such as being labeled a “suspicious crypto platform” by Hong Kong’s Securities and Futures Commission for operating without a license. This launch in the Netherlands marks Bybit’s continued efforts to strengthen its global presence while ensuring compliance and security for its users.

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