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Bybit confirmed that Bybit Fintech Limited has been added to the Monetary Authority of Singapore's Investor Alert List and stated it is in communication with the regulator to understand the reasons for this inclusion.
Bybit has acknowledged that Bybit Fintech Limited has been listed on the Monetary Authority of Singapore's (MAS) Investor Alert List. According to the broker, discussions with MAS are ongoing to clarify the reasons for this action.
No further details regarding the inclusion or the nature of the listing were provided in the announcement.
Bybit is a cryptocurrency exchange focused on derivatives and spot market trading, offering features such as leveraged trading up to 100x, copy trading for both derivatives and spot markets, and integration with the TradingView platform for advanced analysis and execution. The broker provides a transparent fee structure, a proprietary trading platform designed for experienced users, 24/7 customer support, and a crypto debit card for asset use. For more information, visit the broker profile on Traders Union.
For additional background, see our earlier news about Bybit's campaign offering users a chance to share in a 25,000 USDT prize pool for making fiat deposits or spending with Bybit Pay in this previous Bybit update on Traders Union.