The cryptocurrency exchange Bybit has launched a regulated digital asset platform in the Netherlands. According to the firm, this step, in partnership with SATOS, aims to give Dutch users access to the exchange's Web 3 features. Dubbed Bybit.nl, the new platform offers trading tools, education resources, and a range of financial products.

Access to Trading Tools

Ben Zhou, the Co-Founder and CEO of Bybit, mentioned: "We are thrilled to launch our regulated digital asset platform in the Netherlands, furthering our commitment to serving users while upholding regulatory compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term. Through our partnership with SATOS, we aim to provide Dutch users with a secure and seamless trading experience, backed by industry-leading security measures and unparalleled support."

Bybit aims to engage with the Dutch crypto community, providing localized assistance and fostering collaboration through various initiatives. This approach aims to cultivate an inclusive trading environment for Dutch users.

Through Bybit's partnership with SATOS, Dutch users can access Web 3 features, including the exchange's Web 3 Wallet and Airdrop Arcade. The crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term mentioned that these features expand the scope of crypto trading possibilities in the region.

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— Bybit (@Bybit_Official) January 29, 2024

Security and Reliability

Bybit and SATOS facilitate fiat deposits and withdrawals, with over 300 trading pairs available to Dutch users. SATOS is a crypto service provider regulated by the Dutch National Bank.

Recently, Bybit ventured into the European market by opening a new office in the Netherlands. The crypto exchange, which established its global headquarters in Dubai less than a year ago, is growing its operations in Europe. Bybit's alliance with SATOS, formed in June 2023, has paved the way for its sustained presence in the Netherlands despite evolving regulatory frameworks.

The company's foray into Europe marked yet another milestone in its journey of global expansion. Following its decision to relocate its global headquarters to Dubai in April 2023, Bybit has been actively exploring new markets and opportunities.