Bybit has officially resumed its full cryptocurrency trading services in India after navigating a challenging period of regulatory scrutiny. The Dubai-based exchange faced significant obstacles over the past few months, culminating in a $1 million fine and a successful registration with the country’s financial regulator, the Financial Intelligence Unit-India (FIU-IND).
In a recent press release, Bybit announced that Indian users will now have complete access to its mobile application, available on both the App Store and Google Play. Users can expect a phased restoration of the exchange’s website over the coming days, marking the end of a service suspension that began in January 2025. At that time, the platform had halted most of its services, allowing only withdrawals, following the FIU-IND’s determination that Bybit was operating without the necessary registration under anti-money laundering regulations.
To regain its foothold in the Indian market, Bybit registered with FIU-IND as a reporting entity and started rebuilding its operations in February. The platform’s full restoration involved extensive coordination with regulators and the implementation of enhanced Know Your Customer (KYC) and security measures to ensure compliance with local laws.
Bybit CEO Ben Zhou stated that India’s market holds significant potential in the realm of digital assets, emphasizing that this move is not merely a comeback but signifies the beginning of a new chapter for Bybit in the country. As one of the largest cryptocurrency trading platforms globally, alongside competitors such as Binance and OKX, Bybit’s return to India is seen as a pivotal moment in the evolving landscape of cryptocurrency trading.
With its revival, Bybit aims to capitalize on India’s rapidly growing digital asset market, which is considered one of the most promising worldwide.
