An electronic money institution license has been secured in Austria by Bybit's European payments subsidiary, a development that provides the exchange with a regulatory foundation to integrate payment and e-money services into its regional platform.

On Tuesday, Bybit announced that its subsidiary, Bybit Payments GmbH, was granted the license by the Financial Market Authority of Austria. This authorization establishes a legal framework for upcoming payment functionalities, which could potentially encompass services such as peer-to-peer payments, payment solutions for merchants, open banking capabilities, and various card products.

These new payment offerings are set to be delivered via the Bybit.eu platform. They will operate in conjunction with services from Bybit EU GmbH, a distinct Austrian company that has been authorized under the European Union’s Markets in Crypto-Assets (MiCA) Regulation since May 2025. The Bybit.eu platform caters to customers throughout the European Economic Area (EEA), although it does not currently serve users in Malta.

While Bybit did not provide a specific explanation for excluding Malta, a statement on its website clarifies that its services are offered exclusively in jurisdictions that have fulfilled the necessary MiCA passporting requirements.

According to Bybit, the two subsidiaries will operate with separate regulatory approvals and distinct responsibilities. Bybit EU GmbH holds authorization for crypto-related services, including custody, exchange, placement, and transfers. In contrast, Bybit Payments GmbH will be responsible for regulated electronic money and any new payment products that are launched.

The exchange noted that achieving this regulatory milestone is expected to bolster its connections with banks, payment service providers, and other businesses. Furthermore, it should decrease the company's dependence on external third-party payment systems.