Exchanges· ★★★· neutral·

Bybit opens office in Turkey, says it is ready for full license

  • —Bybit opened an office in Turkey; CEO Ben Zhou attended the launch
  • —The exchange is at the preliminary license stage with the Turkish regulator
  • —Zhou said Bybit is fully ready to secure a full license
  • —Turkish rules require segregation of customer and exchange funds
Why it matters: Bybit is expanding in a major market as Turkey tightens crypto regulation.
Source: Uzmancoin