Bybit plans to enter US crypto market through broker partnerships
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
Bybit plans to enter the U.S. market by partnering with established local brokers instead of pursuing state-by-state licensing, according to CoinDesk.
Bybit plans to enter the U.S. market by partnering with an established domestic firm rather than pursuing individual state-by-state money transfer licenses, CEO Ben Zhou told CoinDesk. Zhou noted that Bybit would consider teaming up with companies such as Interactive Brokers that already hold a domestic client base. The exchange, which reports more than 80 million registered users across over 180 countries and regions, plans to wait for federal regulatory clarity before finalizing its entry strategy.
Key facts
- Bybit planning US entry
- Partnering with local brokers
- 80M registered users globally
- Skips state-by-state licenses