Bybit’s Austrian payments subsidiary gained regulatory approval to develop card, merchant, open-banking and person-to-person payment services. Bybit’s European payments subsidiary has secured an electronic money institution license in Austria, providing the exchange with a regulatory basis to add payment and e-money services to its regional platform. On Tuesday, Bybit said Bybit Payments GmbH received the license from Austria’s Financial Market Authority. The authorization provides a legal basis for future payment capabilities, which may include person-to-person payments, merchant payment solutions, open banking features and card products. The payment services will be offered through Bybit.eu alongside services provided by Bybit EU GmbH, a separate Austrian entity authorized under the European Union’s Markets in Crypto-Assets Regulation since May 2025. Bybit.eu serves users across the European Economic Area (EEA), with Malta excluded. Read more