Summary: Bybit will offer crypto exchange and digital asset custody services to users in Cyprus after bagging a license in the country. The trading venue sets up shop in Cyprus ahead of the implementation of MiCA, the first crypto regulatory regime in a major jurisdiction. Bybit enters Cyprus as Binance exits the country amid global regulatory woes and uncertainty in the U.S. following successive crackdowns by the SEC. Bybit, one of the world’s largest centralized exchanges, has obtained a crypto