Cryptocurrency exchange Bybit has officially returned to the United Kingdom, resuming services after a two-year absence and offering 100 spot trading pairs to British users. The relaunch marks a significant moment for crypto access in the UK as the market adjusts to evolving regulatory expectations.
Bybit initially exited the UK in 2023 amid tightened rules from the Financial Conduct Authority (FCA) around crypto promotions and marketing. At that time, new regulatory requirements made it difficult for the exchange to operate directly, prompting the company to suspend new account openings and ultimately withdraw most services from the market.
Instead of returning with a full UK licence of its own, Bybit has partnered with Archax, a London-licensed digital asset exchange, to offer regulated trading services. Through this relationship, Bybit can comply with local financial promotion rules and market its products to UK customers in line with FCA standards.
The 100 spot trading pairs cover a wide range of digital assets, giving UK traders access to a broad set of crypto markets without needing to navigate overseas platforms. Bybit said it plans to expand its product suite further in the UK while ensuring compliance with local rules, reflecting growing confidence that regulatory clarity is improving in Europe’s second-largest economy for digital finance.
The FCA’s ongoing consultation on crypto asset regulation, which could lead to a comprehensive legal framework by 2027, has been credited with creating a more predictable environment for firms willing to adjust their operations. This includes clearer expectations for consumer protection, financial promotion, and operational standards for trading platforms.
Bybit’s return signals renewed interest among major exchanges in re-engaging with the UK market, a key European hub, as the nation moves toward formal crypto regulation. For traders, it means expanded options for on-chain asset trading within a regulated framework, while for the broader industry, it highlights how adaptation to local rules can unlock access even in previously restricted jurisdictions.
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