In a major win for India’s crypto community, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially resumed full access for Indian users across its mobile app and website platforms. This marks a pivotal moment in the exchange’s regulatory journey and reaffirms its long-term commitment to building a secure, inclusive, and compliant digital asset ecosystem in India.
The announcement comes after months of regulatory harmonization and strategic engagement with Indian authorities. Bybit’s mobile app is now fully operational on both the App Store and Google Play, while phased restoration of its website is expected to be completed within the next few days.
Compliance First: A New Chapter for Crypto in India
Bybit’s return to full functionality follows its successful registration with the Financial Intelligence Unit–India (FIU-IND) in January 2025, officially recognizing it as a reporting entity under the Prevention of Money Laundering Act (PMLA)2. This move was a critical step toward regulatory compliance and paved the way for the exchange to re-establish operations in India.
Bybit initially resumed limited services on February 25, 2025, allowing authorized users to access core trading features such as Spot, Derivatives, Options, and Copy Trading. The full restoration of services now enables Indian users to engage with the platform’s complete suite of offerings, backed by robust Know Your Customer (KYC) protocols and enhanced security measures.
India: A Strategic Market for Bybit
India’s crypto market, despite regulatory headwinds, remains one of the fastest-growing globally. With over 100 million crypto users, the country represents a massive opportunity for exchanges that can navigate its evolving legal landscape.
Ben Zhou, Co-founder and CEO of Bybit, emphasized the strategic importance of India, stating:
“India is among the most promising digital asset markets globally. We are excited to resume normal business and reaffirm our devotion to delivering Indian users with secure, transparent, and world-class cryptocurrency experiences. It’s not a comeback—it’s a new chapter for Bybit in India.”
Vikas Gupta, Country Manager of Bybit India, echoed this sentiment:
“This is a milestone moment for Bybit India. Our vision extends beyond trading—we are committed to strengthening India’s crypto ecosystem through education, partnerships, and community initiatives.”
Community Engagement & Expansion Plans
Bybit’s re-entry into India isn’t just about restoring access—it’s about building a vibrant crypto culture. As part of its broader strategy, the exchange has:
Become the Title Sponsor of the India Blockchain Tour 2025, which kicked off in Hyderabad on June 28. The next stop, Metamorphosis – India Blockchain Tour, is scheduled for September 27–28 in New Delhi.
Launched the World Series of Trading (WSOT) 2025, featuring high-stakes campaigns with welcome bonuses, luxury prizes including cars and iPhones, and community-driven competitions.
These initiatives reflect Bybit’s commitment to fostering innovation, education, and inclusion in India’s digital asset space.
Lessons from the Past: Regulatory Roadblocks and Resolution
Bybit’s journey in India hasn’t been without challenges. Earlier this year, the exchange faced temporary service restrictions due to non-compliance with FIU-IND registration requirements. This led to website blocking and a monetary penalty of ₹9.27 crore (approximately $1.05 million.
In response, Bybit swiftly settled the fine and implemented comprehensive compliance protocols, including filing a Virtual Digital Asset Service Provider (VDASP) registration and enhancing its AML and KYC frameworks.
This proactive approach has not only restored operational access but also positioned Bybit as a model for regulatory cooperation in India’s crypto sector.
What’s Next?
With full access restored, Bybit is expected to ramp up its presence in India through:
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Strategic partnerships with local fintech and blockchain startups
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Educational campaigns targeting Tier 2 and Tier 3 cities
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Expansion of its developer ecosystem and Web3 infrastructure
As India continues to shape its crypto regulations, Bybit’s renewed commitment to compliance and inclusion could serve as a blueprint for other global exchanges seeking to enter or re-enter the market.
Sources: CoinPush, Newswire, MSN
