Crypto exchange giant Bybit to offer European ‘super-app’ with stocks, derivatives

Bybit, the large cryptocurrency exchange, said it intends to roll out a European "super-app" that will add stocks and derivatives to its product mix, CEO Ben Zhou told CoinDesk. The announcement frames the platform as moving beyond crypto-only services to include traditional financial instruments within a single application.

Zhou noted that Bybit already has an electronic money institution licence issued in Austria and is close to securing a MiFID licence, steps the company describes as part of its European expansion. Those authorisations are being presented by the firm as regulatory building blocks for broader service offerings on the continent.

Combining equities and derivatives inside a unified app would mark a significant product shift for a business best known for cryptocurrency trading. Bybit’s comments imply the company plans to integrate multiple asset classes under one interface for European customers, leveraging recent regulatory approvals to do so.

The company’s regulatory progress in Austria and the imminent MiFID approval were highlighted by Ben Zhou in his comments to CoinDesk, underlining the role that licensing is playing in Bybit’s strategy to extend its market reach and service scope in Europe.