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Bybit confirms lack of Hong Kong SFC license and restricts services in Hong Kong

Bybit confirms lack of Hong Kong SFC license and restricts services in Hong Kong
Bybit clarifies Hong Kong license status

Bybit stated that it is not licensed by the Hong Kong Securities and Futures Commission and that its services are not available to the public in Hong Kong.

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Bybit has clarified that it is not licensed by the Hong Kong Securities and Futures Commission. As a result, the company’s services are not offered to the public in Hong Kong. No additional details regarding the decision or its implications were provided in the broker’s post.

Bybit is a cryptocurrency exchange focused on derivatives trading, offering features such as up to 100x leverage, integration with TradingView for market analysis, and support for both futures and perpetual contracts. The platform provides copy trading, 24/7 customer support, and options for instant deposits and withdrawals, alongside a crypto debit card for everyday spending. Learn more about its regulations, trading environment, and user experience in the broker profile on Traders Union.

For context, Bybit previously introduced a TradFi Perpetuals Liquidity Incentive Program for institutional market makers, offering weekly USDT rewards for providing liquidity. You can read more details about this initiative in our previous Bybit update on Traders Union.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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