Bybit re-enters UK market after two-year absence

Cryptocurrency exchange Bybit has re-entered the UK market two years after its withdrawal, CoinDesk reported. The exchange previously exited the country after the UK's Financial Conduct Authority (FCA) imposed strict regulations on the advertising and marketing of crypto services. Bybit will now conduct its operations and marketing under the supervision of Archax, a local cryptocurrency exchange licensed by UK regulators. Archax stated that it is helping Bybit achieve regulatory compliance, drawing on its experience assisting other major global exchanges like Coinbase and OKX in entering the UK market without their own licenses.