Bybit Receives License in Georgia

In November 2024, crypto exchange Bybit, one of the world’s leading platforms for trading digital assets, officially received a license to operate in Georgia. This decision strengthens Bybit’s position in the region and confirms its compliance with the requirements of the National Bank of Georgia, which regulates the country’s cryptocurrency market.

Reasons for Bybit entering the Georgian market

Georgia attracted Bybit due to its progressive regulatory environment and growing public interest in digital assets. Key factors were:

• Favorable conditions for cryptocurrency business: The country is actively developing blockchain technologies and aims to become a regional center of the digital economy.
• Demand for secure crypto solutions: An increasing number of private investors, entrepreneurs and companies require modern platforms for working with cryptocurrencies.

Bybit Goals and Prospects

After receiving the license, Bybit plans to:

• Expand access to crypto trading for residents of Georgia by providing modern and safe tools.
• Support financial literacy through educational programs that will help users better understand the capabilities of digital assets.
• Create conditions for business development in the crypto industry by collaborating with local partners.

Benefits for users

• Legality and transparency: The license confirms that Bybit’s activities in the country comply with local laws and international standards.
• Technological security: The exchange provides a reliable infrastructure for trading cryptocurrencies, including data protection tools.
• Variety of products: Users can work with tokens, derivatives, and participate in staking programs.

Georgia’s Role in Bybit’s Strategy

Georgia has become part of Bybit’s global expansion, alongside countries such as Kazakhstan, Turkey and the Netherlands. The move highlights the company’s commitment to expanding into promising markets and cementing its reputation as one of the most innovative and regulated platforms in the world.

Bybit’s licensing in Georgia opens up new opportunities for users, supports the development of the cryptocurrency industry in the region, and promotes the integration of blockchain into the country’s economy.