Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French authorities. The Autorité des Marchés Financiers (AMF) had previously issued a warning against Bybit, advising investors to avoid trading on the platform. Starting August 2, 2024, Bybit will restrict French users’ accounts to “close-only” mode, allowing them only to close existing positions and withdraw funds. Bybit has expressed its intention to re-enter the French market once it obtains the necessary regulatory licenses under French law.
Bybit Exits French Market Amid Regulatory Pressures
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