Bybit, a leading cryptocurrency exchange, has announced the launch of Bybit.nl, a regulated digital asset platform specifically designed for the Dutch market.
This new platform is the result of a collaboration with SATOS, a local crypto service provider regulated by the Dutch National Bank.
Bybit.nl aims to offer Dutch users a comprehensive suite of trading tools, educational resources, and a wide array of financial products, marking a significant step in Bybit’s ongoing expansion into European territories.
Ben Zhou, Co-Founder and CEO of Bybit, expressed his excitement about this new venture, stating, “We are thrilled to launch our regulated digital asset platform in the Netherlands, furthering our commitment to serving users while upholding regulatory compliance.
“Through our partnership with SATOS, we aim to provide Dutch users with a secure and seamless trading experience, backed by industry-leading security measures and unparalleled support.”
This move underscores Bybit’s dedication to regulatory compliance and its goal to offer a safe trading environment to its users.
In an effort to deeply engage with the Dutch cryptocurrency community, Bybit plans to offer localized support and foster collaboration through various initiatives.
These efforts are aimed at creating an inclusive environment that caters specifically to the needs of Dutch traders.
One of the key features of Bybit.nl is the integration of Web 3 functionalities, including Bybit’s Web 3 Wallet and Airdrop Arcade, in collaboration with SATOS.
These features are designed to enhance the trading experience by expanding the possibilities within the crypto space for Dutch users.
Moreover, Bybit and SATOS have worked together to ensure that the platform supports fiat deposits and withdrawals, offering users access to over 300 trading pairs.
This partnership highlights Bybit’s strategy to adapt to the Dutch market’s regulatory environment while providing comprehensive crypto trading services.
Bybit’s decision to enter the Dutch market follows the company’s recent expansion into the European market, with the opening of a new office in the Netherlands.
This move comes after Bybit established its global headquarters in Dubai, showcasing the company’s ambition for global expansion and its commitment to exploring new markets.
The collaboration with SATOS, initiated in June 2023, signifies Bybit’s dedication to establishing a long-term presence in the Netherlands amidst evolving regulatory landscapes.