Bybit Re-enters UK via Archax with 100 Spot Pairs and P2P Trading
Bybit has relaunched operations in the United Kingdom after a two-year withdrawal following the FCA’s 2023 financial-promotion rules. The Dubai-based exchange opened a UK-dedicated platform offering 100 spot trading pairs and peer-to-peer (P2P) trading. Bybit says the relaunch meets rigorous AML/KYC standards and aligns with UK financial-promotion requirements by partnering with Archax — an FCA-authorised digital asset exchange, broker and custodian. Executives including Mykolas Majauskas (senior director of policy) emphasised transparency, compliance and plans to roll out additional UK-focused products. The FCA estimates about 8% of UK adults hold crypto (down from ~12% a year earlier). Bybit notes services offered in the UK are not covered by the Financial Ombudsman Service or FSCS. Market context at publication: total crypto market cap ~ $2.95 trillion with modest intraday gains and a weekly decline. Primary keywords: Bybit, UK crypto, spot trading, Archax, AML/KYC. Secondary keywords included: FCA, P2P trading, digital asset pairs, market cap.
Neutral
Impact on price is likely neutral. The relaunch restores Bybit’s access to UK retail demand and may increase local trading volume for spot pairs and P2P activity, which is constructive for exchange flow and liquidity. However, the announcement does not introduce new tokens, listings, or incentives that typically drive immediate token price moves. Compliance-focused steps (Archax partnership, AML/KYC) reduce regulatory risk but also signal conservative product rollout, limiting short-term speculative flows. In the short term, expect modest increases in UK spot trading volume and liquidity for pairs listed on the UK platform. Over the medium to long term, improved regulatory alignment could support steady user growth and higher sustained volumes, which is slightly positive for Bybit-related ecosystems but not directly bullish for any single cryptocurrency absent token-specific events. Overall, the news lowers regulatory uncertainty for UK users (positive structurally) while lacking catalysts for immediate price spikes.