Crypto Exchange Bybit Back in Business in India

Bybit has introduced it’s resuming full crypto buying and selling providers in India after months of regulatory friction, after paying a $1 million high-quality and registering with the nation’s monetary watchdog to regain compliance.

The Dubai-based crypto alternate stated in a press launch that Indian customers now have full entry to its cellular app through the App Store and Google Play, with phased restoration of its web site anticipated over the approaching days.

This follows the platform’s suspension of most providers in January 2025, excluding withdrawals, after the Financial Intelligence Unit-India (FIU-IND) decided it had been working with out correct registration underneath anti-money laundering guidelines.

To return to the market, Bybit registered with FIU-IND as a reporting entity earlier than initially re-establishing operations in the nation in February. Full restoration, the agency detailed, required months of coordination with regulators and implementation of stricter Know Your Customer (KYC) and safety protocols.

“India is among the most promising digital asset markets globally,” stated Bybit CEO Ben Zhou. “It’s not a comeback, it is a new chapter for Bybit in India.”

Bybit is, along with Binance and OKX, one of the largest cryptocurrency trading platforms in the world when measured by trading volume, according to CoinDesk Data’s latest Exchange Review report.