Bybit Powered by SATOS  Reaffirms Regulatory Compliance and Future Growth in the Netherlands By ChainwireInvesting.com - Financial Markets WorldwideOpen in AppPopular SearchesPlease try another searchSubscribe NowSign InFree Sign UpEnglish (UK)English (India)English (Canada)English (Australia)English (South Africa)English (Philippines)English (Nigeria)DeutschEspañol (España)Español (México)FrançaisItalianoNederlandsPolskiPortuguês (Portugal)Português (Brasil)РусскийTürkçe‏العربية‏ΕλληνικάSvenskaSuomiעברית日本語한국어简体中文繁體中文Bahasa IndonesiaBahasa MelayuไทยTiếng ViệtहिंदीSubscribe NowSign InFree Sign UpMarketsIndicesIndices FuturesMajor IndicesIndices Real-TimeWorld IndicesGlobal IndicesDow Jones FuturesS&P 500 FuturesNasdaq FuturesS&P 500Dow JonesNasdaq 100DAXFTSE 100Euro Stoxx 50Nikkei 225StocksStock ScreenerTrending StocksStocks Picked by AIUnited StatesPre-MarketEarnings CalendarAmericasEurope52 Week High52 Week LowMost ActiveTop GainersTop LosersUndervalued StocksOvervalued StocksWorld ADRsMarijuana StocksTop Bank StocksRenewable Energy StocksAppleTeslaMeta PlatformsAmazon.comMicrosoftNVIDIANetflixPfizerAMDBoeingGameStop CorpAMC EntertainmentNio A ADRSuper Micro ComputerCommoditiesReal Time CommoditiesMetalsEnergyGrainsSoftsMeatsCommodity IndicesGoldCrude Oil WTIBrent OilSilverNatural GasCopperUS WheatCryptocurrencyAll CryptocurrenciesCryptocurrency PairsBitcoinEthereumCardanoSolanaDogecoinSHIBA INUPolkadotCurrency ConverterBTC/USDETH/USDBCH/USDLTC/USDDOGE/USDETC/USDETH/BTCXRP/USDpDOTn/USDBitcoin Futures CMECurrenciesCurrency RatesSingle Currency CrossesLive Currency Cross RatesExchange Rates TableForward RatesCurrency FuturesCurrency OptionsEUR/USDGBP/USDEUR/CHFAUD/USDUSD/JPYUSD/CADUSD/CHFUSD/TRYUSD/MXNBTC/USDUSD/RUBDollar IndexETFsWorld ETFsMajor ETFsUSA ETFsMarijuana ETFsBitcoin ETFsSPDR S&P 500iShares MSCI Emerging MarketsSPDR Dow Jones Industrial AverageInvesco QQQ TrustFundsWorld FundsMajor FundsVanguard 500 Index AdmiralVanguard Total Bond Market II Index Fund Investor American Funds Capital Income Builder APIMCO Commodity Real Return Strategy InstitutionalBondsUS Treasury Yield CurveWorld Government BondsFinancial FuturesGovernment Bond SpreadsBond IndicesForward RatesWorld Credit Default Swap Rates (CDS)U.S. 10YU.S. 30YU.S. 2YU.S. 5YU.S. 3MUS 10Y T-NoteUS 30Y T-BondEuro BundCertificatesMajor CertificatesWorld CertificatesSG FTSE MIB Gross TR 5x Daily Short Strategy RT 18Vontobel 7X Long Fixed Lever on Natural Gas 8.06BNP Call 500.59 EUR AEX 31Dec99COMMERZBANK AG Put CAC FUT 05/17 31Dec99My WatchlistCryptoCryptocurrencyAll CryptocurrenciesCryptocurrency PairsICO CalendarCryptocurrency BrokersCryptocurrencyBitcoinEthereumRippleCardanoSolanaDogecoinSHIBA INUPolkadotCurrency ConverterMore in CryptocurrencyBTC/USDETH/USDLTC/USDETC/USDETH/BTCIOTA/USDXRP/USDpDOTn/USDBitcoin Futures CMENewsFinancial NewsStock MarketsCryptocurrencyCommoditiesCurrenciesEconomyEconomic IndicatorsBreaking NewsPro NewsMore In NewsLatestMost PopularSports & GeneralWorldPoliticsPress ReleasesCompany NewsInsider TradingAnalysisAnalysisMarket OverviewCurrenciesStock MarketsCommoditiesBondsCryptocurrencyETFsMore In OpinionMost PopularEditor's PicksComicsChartsReal Time ChartsLive ChartsCurrency ChartFutures ChartStocks ChartIndices ChartCryptocurrency ChartInteractive Currency ChartInteractive Futures ChartInteractive Indices ChartInteractive Stocks ChartMultiple Currency ChartsMultiple Indices ChartsTechnicalToolsTechnical SummaryTechnical AnalysisPivot PointsMoving AveragesIndicatorsCandlestick PatternsMore In TechnicalCandlestick PatternsFibonacci CalculatorPivot Point CalculatorBrokersBrokersCurrency BrokersStock BrokersOnline BrokersCrypto ExchangesMore In BrokersCryptocurrency BrokersGold IRAFutures BrokersToolsCalendarsEconomic CalendarHoliday CalendarEarnings CalendarDividend CalendarSplits CalendarIPO CalendarFutures Expiry CalendarInvestment ToolsStock ScreenerFed Rate Monitor ToolCurrency ConverterFibonacci CalculatorMore In ToolsCurrency CorrelationPivot Point CalculatorProfit CalculatorMargin CalculatorCurrencies Heat MapCurrency VolatilityForward Rates CalculatorMortgage CalculatorAcademyEducation HubMaster StocksMaster CryptoMaster Stock AnalysisUnlock Company StatisticsTop StocksTop Dividend StocksTop Gold ETFsStock ScreenerEconomic CalendarMoreProp TradingStock Prop Trading FirmsAlertsWebinarsConferencesTrading GuideCentral BanksInsightsAd-Free VersionWebmaster ToolsBroker BlacklistSentiments OutlookSign out Latest  Most Popular  Breaking News  Cryptocurrency  Stock Markets  Commodities  Currencies  Economy  Economic Indicators  Politics  World  Company News  🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI  Get 100% ad-free experienceBybit Powered by SATOS  Reaffirms Regulatory Compliance and Future Growth in the NetherlandsCryptocurrencyPublished 10/31/2024, 08:00 AMUpdated 10/31/2024, 08:30 AMBybit Powered by SATOS  Reaffirms Regulatory Compliance and Future Growth in the NetherlandsView all comments (0)0 Amsterdam, Netherlands, October 31st, 2024, Chainwire
Bybit Powered by SATOS acknowledges the decision by De Nederlandsche Bank (DNB) to impose a fine of EUR 2,250,000 for providing services without registration between October 2, 2020, and September 15, 2023. Bybit respects the DNB's decision.
As the first exchange that embraced the regulation in the Netherlands since the announcement from the regulator, Bybit began its remediation efforts as early as 2022 by facilitating the transfer of our customers in the Netherlands to SATOS B.V. to minimize potential financial damage and impact on our consumers. Throughout this process, Bybit kept the DNB fully informed and successfully completed the transfer of our Dutch customers on September 15, 2023.
Since September 2023, Bybit has operated under Bybit Powered by SATOS, leveraging SATOS’s Virtual Asset Service Provider (VASP) license accredited by the DNB. This strategic partnership underscores Bybit’s dedication to offering secure, compliant, and innovative crypto services. Bybit has recently opened a local office in Amsterdam, a major milestone on our journey to serve crypto enthusiasts of the Netherlands even better.
Ben Zhou, Co-founder and CEO of Bybit, emphasized the company’s focus on responsible growth: "Since our partnership with SATOS, we have operated fully within the regulatory framework. Currently Bybit Powered by Satos is growing into the number two exchange in the market with 10 million users. Bybit Powered by Satos is also working closely with local universities. At Bybit, we remain committed to working closely with European regulators to build a responsible and transparent ecosystem. We are excited to continue providing secure, reliable services to the Dutch community as we responsibly expand across Europe."The partnership of SATOS and Bybit further underlines Bybit's commitment to trustworthy, innovative solutions made in full compliance with the regulatory framework set out by DNB. Bybit believes that cooperation with the authorities in the European Union market is essential for sustainable growth.#Bybit / #TheCryptoArk
About Bybit Powered by SATOS
In June 2023, Bybit formed a strategic alliance with SATOS, one of the oldest crypto service providers operating in the Netherlands and Belgium since 2013. This partnership is a testament to our commitment to providing the best services to our users in line with regulatory guidelines, and ensuring the delivery of high-quality services to our users.
ContactHead of PRTony <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>
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