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Tag Archives: Bybit

Bybit to Suspend UK Operations in Response to FCA’s New Rules

The recent decision by Bybit to suspend its operations in the United Kingdom is not an isolated incident within the crypto industry. In a sudden turn of events, crypto exchange Bybit has announced its decision to suspend its operations in the United Kingdom. This move comes just a week after the company expressed its commitment to explore all available options to continue operating within the country. Bybit Exchange’s Proactive Response to FCA The company has outlined a timeline for these...

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Bybit Pledges Commitment to Stay in UK amid Changing FCA Rules

Bybit’s approach is grounded in cooperation and compliance, seeking to create a harmonious relationship with UK regulators and authorities. Bybit, a prominent crypto exchange remains steadfast in its commitment to stay in the United Kingdom with CEO Ben Zhou reiterating that “leaving the UK is not part of our current strategy”. The New Regulatory Landscape in the UK Crypto has been the subject of intense scrutiny by regulatory authorities around the world. The UK is no exception, and its...

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Bybit Likely to Exit U.K. Following New Regulations

With new marketing regulations set to take effect in the United Kingdom next month, crypto exchange Bybit doesn’t expect to be able to continue operating within the country. The exchange’s CEO, Ben Zhou, claims that any crypto firm within U.K. borders may be held accountable for solicitation simply for using the English language. Troubles With New Marketing Rules As reported by The Block, Zhou said regulation is becoming “more strict,” and that the exchange will likely have...

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Bybit Launches TradeGPT to Enhance Its Trading Tools

Bybit introduces TradeGPT, an AI tool merging ChatGPT’s language model with real-time data for market insights and user assistance. It is free for all users. Cryptocurrency exchange Bybit has announced the launch of “TradeGPT”, a new AI-powered trading tool. This new assistant combines the power of ChatGPT’s language model with sophisticated real-time data from the Bybit platform. According to Bybit’s statement, TradeGPT will make it easier for users to access updated market analyses and...

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Memecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls

[unable to retrieve full-text content]CoinspeakerMemecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls Some memecoin traders were lucky to make huge returns from a small investment while others were rug pulled with a promise of future return. Memecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls

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Binance, Bybit, OKX and Other Crypto Exchanges List Newly Launched Worldcoin (WLD) Token

[unable to retrieve full-text content]CoinspeakerBinance, Bybit, OKX and Other Crypto Exchanges List Newly Launched Worldcoin (WLD) Token The WLD token is experiencing a remarkable start, gaining significant attention among crypto exchanges. Binance, Bybit, OKX and Other Crypto Exchanges List Newly Launched Worldcoin (WLD) Token

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Bybit Announces World Series of Trading with $8 Million in Prize Pool

Crypto exchange Bybit unveiled the ‘2023 World Series of Trading (WSOT),’ the registration of which will commence on July 13. The event is in its fourth edition and will feature a prize pool of up to $8 million worth of USDT. It also includes a live stream giveaway on August 24, offering traders the chance to win Rolex Explorers and Huracan Evo Spyder Lamborghinis. Bybit’s All-Star Showdown for Elite Crypto Traders According to the official press release, the window for...

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KuCoin Introduces Mandatory KYC Checks For All Users

Seychelles-based crypto exchange KuCoin is pushing for mandatory KYC upgrades as its competitors face regulatory challenges across various jurisdictions. In a bid to embrace global compliance requirements, KuCoin announced an upgrade of its KYC authentication rules and systems from next month onwards. Beefing Up KYC Measures The new rules mandate all newly registered users to complete KYC starting July 15 to access KuCoin’s full suite of products and services to ensure a...

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