Bybit to suspend operations in the U.K

[OmegaStarScream]

So after Canada[1], it looks like Bybit is suspending its operation in the UK as well[2]. Starting next month, UK citizens will be able to neither make new accounts, nor deposit funds if they already have an account. For withdrawals, they have until the 8th of January 2024.

[1] https://www.coindesk.com/business/2023/05/30/crypto-exchange-bybit-exit-canada-citing-recent-regulatory-development/
[2] https://announcements.bybit.com/en-US/article/announcement-bybit-to-suspend-services-in-the-uk-blt286daa9208c8f3aa/

[Oshosondy]

We discussed about it few days ago, I think you miss the discussion: Bybit expects to exit UK market

[Jascrypt]

So after Canada[1], it looks like Bybit is suspending its operation in the UK as well[2]. Starting next month, UK citizens will be able to neither make new accounts, nor deposit funds if they already have an account. For withdrawals, they have until the 8th of January 2024.

[1] https://www.coindesk.com/business/2023/05/30/crypto-exchange-bybit-exit-canada-citing-recent-regulatory-development/
[2] https://announcements.bybit.com/en-US/article/announcement-bybit-to-suspend-services-in-the-uk-blt286daa9208c8f3aa/

The reason has been vague but the good news is we still have few good alternatives to consider. Notably, OKX is available even tho trading is restricted to spot and Bitget is still offering their derivative trading services.