Bybit, a prominent cryptocurrency exchange based in Dubai, is set to resume its full trading services in India following a period of regulatory hurdles. The exchange has made headlines by paying a $1 million fine and successfully registering with India’s financial authority, the Financial Intelligence Unit (FIU-IND), to ensure compliance with local laws. This development marks a significant shift for Bybit, which had previously suspended most services in January 2025 due to operating without the necessary registration under anti-money laundering regulations.
In a recent press release, Bybit announced that Indian users can now fully access its mobile app through both the App Store and Google Play. The exchange also hinted at a phased restoration of its website over the next few days. The effort to return to the Indian market didn’t happen overnight; it involved months of collaboration with regulators and the implementation of enhanced Know Your Customer (KYC) measures to bolster security protocols.
“India is among the most promising digital asset markets globally,” said Bybit CEO Ben Zhou. “It’s not a comeback, it’s a new chapter for Bybit in India.”
Bybit joins the ranks of Binance and OKX as one of the largest cryptocurrency trading platforms worldwide, a fact underscored by the latest data from CoinDesk’s Exchange Review report. With this renewed presence in India, Bybit aims to cater to the burgeoning demand for digital assets in one of the world’s fastest-growing markets.
Bybit Resumes Full Crypto Trading Services in India
Key points regarding Bybit’s return to the Indian market:
- Regulatory Compliance:
- Bybit paid a $1 million fine to resolve regulatory issues.
- Registered with the Financial Intelligence Unit-India (FIU-IND) to operate legally.
- Service Restoration:
- Indian users now have complete access to Bybit’s mobile app on the App Store and Google Play.
- Phased restoration of the website is expected in the coming days.
- Previous Suspension:
- Most of Bybit’s services were suspended in January 2025, except for withdrawals, due to operating without proper registration.
- Collaboration with regulators took months to ensure compliance with stricter KYC and security protocols.
- Market Potential:
- India is viewed as a promising market for digital assets, highlighting its growing importance in the cryptocurrency landscape.
- Bybit’s CEO emphasized this is a new chapter rather than just a return, indicating future growth and opportunities.
- Position in the Industry:
- Bybit is one of the largest cryptocurrency exchanges globally, alongside Binance and OKX, measured by trading volume.
- This return could further influence the competitive landscape within the Indian crypto market.
“It’s not a comeback, it’s a new chapter for Bybit in India.” – Ben Zhou, CEO of Bybit
Bybit Resumes Operations in India: A Competitive Edge in the Crypto Market
Bybit’s recent announcement of resuming full trading services in India comes after a significant transformation involving regulatory compliance and a hefty $1 million fine. This move positions Bybit favorably against competitors like Binance and OKX, who are also key players in the Indian crypto market. Bybit’s strategic decision to register with India’s Financial Intelligence Unit (FIU-IND) not only showcases its commitment to regulatory adherence but also enhances its credibility among cautious investors navigating a market plagued by uncertainty.
Competitive Advantages: Bybit’s proactive approach in establishing compliance with local regulations could attract users who prioritize security and legitimacy. Its phased restoration of the website alongside the full access granted through popular mobile applications is likely to provide a seamless experience for existing users while enticing new clientele. Furthermore, the CEO’s comments highlight an optimistic vision for the Indian market, suggesting Bybit is not just returning but thriving, which might resonate positively with potential investors looking for growth opportunities.
Potential Disadvantages: However, Bybit’s compliance measures may result in stricter KYC protocols that could deter some users seeking anonymity or minimal friction in the trading process. Additionally, this episode may raise questions about the stability of operations amid regulatory scrutiny, potentially creating hesitancy among users who experienced service disruptions previously. This context serves as a double-edged sword that can either contribute to solidifying trust or raise concerns regarding the ongoing volatility of the regulatory landscape.
Ultimately, Bybit’s enhanced compliance and user assurance strategies could benefit new and returning investors eager for a reliable trading platform. Conversely, it may present challenges for users who prioritize speed and privacy in their trading experience, potentially directing them towards less regulated alternatives. As the Indian crypto scene continues to mature, Bybit will have to navigate these dynamics cautiously to maintain its competitive edge.
