Bybit Explores UK Crypto Regulations with Restricted Market Re-Entry

Bybit's Market Re-Entry: Bybit has resumed limited operations for UK users under new FCA regulations, utilizing an FCA-approved promotions arrangement instead of direct authorization.

Product Offerings: The exchange now offers a scaled-back platform with around 100 trading pairs for spot trading, excluding higher-risk products like derivatives and leveraged trading.

Market Context: The re-entry comes amid declining crypto ownership in the UK, with retail investors showing reduced interest in speculative assets, raising questions about the motivations behind Bybit's return.

Regulatory Uncertainties: Key questions remain regarding user contracts, liability in case of security breaches, and the specific products excluded due to regulatory expectations, indicating a cautious future for the UK crypto market.