Bybit says it will seek partnerships with major brokerages to enter the United States and is exploring expansion into the UK
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AT A GLANCE
Bybit says it is exploring entry into the U.S. and UK markets; neither its U.S. partner nor the location of its London office has been determined.
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Bybit CEO: To enter the U.S. market, it will seek partnerships with major brokerages; the UK is a potential expansion target
PANews October 22 reported, according to CoinDesk,Bybit CEO Ben Zhou stated that Bybit when entering the United States, it will partner with companies that already have a local customer base to compete with companies such as Robinhood, citing as an example brokerages such as Interactive Brokers that have not yet entered the crypto business. Ben Zhou said that applying for licenses state by state in the United States would take 2 to 3 years, making it preferable to wait for the Clarity Act to pass, or for SEC to implement unified federal-level regulation. He also said that no global exchange currently dominates the UK market, and that Bybit is exploring entry into the UK, with the location of its London office yet to be determined.Bybit is the second-largest cryptocurrency exchange by trading volume, with more than 80000000 registered users worldwide, covering 180 countries and regions.
PANews October 22 The report said that the information was relayed from CoinDesk.
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Bybit CEO Ben Zhou stated that Bybit when entering the United States, it will partner with companies that already have a local customer base to compete with companies such as Robinhood.
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Ben Zhou cited as an example that it may consider brokerages such as Interactive Brokers that have not yet entered the crypto business.
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Ben Zhou said that applying for licenses state by state in the United States would take 2 to 3 years, making it preferable to wait for the Clarity Act to pass, or for SEC to implement unified federal-level regulation.
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Ben Zhou stated that Bybit is exploring entry into the UK, with the location of its London office yet to be determined.
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The original report stated that Bybit is the second-largest cryptocurrency exchange by trading volume, with more than 80000000 registered users worldwide, covering 180 countries and regions.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an intention to expand into new markets, rather than an announcement of completed market entry.Bybit It is considering entering the United States through brokerages with local customers while exploring the UK market, but the original report did not disclose any signed partner, obtained license, or formal entry date.
Why it matters to readers
If subsequent partnership, licensing, or regulatory arrangements emerge,Bybit market plans in the United States and the UK will become clearer and may also affect competition among local crypto trading platforms. The current report only describes the direction of exploration and regulatory assessment.
Beginners should distinguish between “exploring or considering” and “already approved or operational.” Before partnerships, licenses, and a timetable are announced, this statement should not be interpreted as Bybit having already entered the United States or the UK.
Risks and unknowns
No U.S. partner, partnership agreement, or formal market-entry timetable has been disclosed.
Whether the Clarity Act will pass and whether SEC will implement unified federal-level regulation have not been confirmed in the original report.
Bybit The original report did not state whether it has the regulatory approvals required to enter the United States or the UK.
UK market-entry arrangements and the location of its London office have yet to be determined.
The trading-volume ranking, number of registered users, and coverage are based on statements in the report; the original report did not provide verification methods.
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This information was relayed by PANews from CoinDesk and did not provide the full interview content.
Related concepts
brokerage
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