Bybit re-enters the UK market with a new platform offering spot trading on 100 pairs and a peer-to-peer venue after a two-year pause due to FCA regulations. The service is approved by Archax, emphasizing AML and KYC checks, tailored UK products, and risk warnings about the absence of financial protections.

Crypto adoption in the UK is declining, with Bybit highlighting an 8% engagement rate despite the FCA reporting a drop in ownership from 12% to 8%. Bybit’s return without direct FCA supervision raises questions about responsible innovation versus regulatory arbitrage in the UK market. Questions remain unanswered about the Archax sign-off process and product exclusions.

Read more at Cointelegraph: Bybit Returns to UK with Spot and P2P Exchange