Bybit has resumed full cryptocurrency trading services in India after settling a $1 million fine and registering with the country’s financial regulator, marking the end of months-long regulatory hurdles.
The Dubai-based exchange said Indian users now have complete access to its mobile app via the App Store and Google Play, with a phased relaunch of its website expected in the coming days.
Earlier this year, in January 2025, Bybit suspended most services in India, excluding withdrawals, after the Financial Intelligence Unit-India (FIU-IND) found it had been operating without proper registration under anti-money laundering regulations.
Bybit returned to the Indian market in February after registering as a reporting entity with FIU-IND. The full resumption required months of close coordination with regulators and the rollout of enhanced Know Your Customer (KYC) and security measures.
“India is among the most promising digital asset markets globally,” said Bybit CEO Ben Zhou. “It’s not a comeback, it’s a new chapter for Bybit in India.”
According to CoinDesk Data’s latest Exchange Review, Bybit ranks among the world’s largest cryptocurrency platforms by trading volume, alongside Binance and OKX.
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