A post by @Bybit_Official on X.
@HongKongFinTech @benbybit Bybit is not licensed by the Hong Kong Securities and Futures Commission,…
@Bybit_Official on X
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Bybit stated on X that it is not licensed by the Hong Kong Securities and Futures Commission (SFC) and that its services are not available to the public in Hong Kong. The exchange's official account issued the clarification in response to a post tagging the Hong Kong FinTech delegation and Bybit CEO Ben Zhou, addressing its regulatory status in the city-state. The statement matters because Hong Kong has moved to license virtual asset trading platforms under its SFC regime, and unlicensed exchanges operating or soliciting in the market face enforcement risk. The clarification suggests Bybit is distancing itself from Hong Kong retail operations while it pursues licensing elsewhere. Watch for whether Bybit applies for an SFC virtual asset trading platform license and whether Hong Kong regulators take action against offshore exchanges serving local users.
Muhabbit's AI wrote this summary of @Bybit_Official's post in its own words. It can get details wrong, so read the post on X.
Named in this story
Bybit, Hong Kong Securities and Futures Commission