Bybit has officially restored full cryptocurrency trading services in India after paying a $1 million fine and registering with the country’s financial regulator, ending months of regulatory restrictions.
The Dubai-based exchange confirmed that Indian users can now access its mobile app via the App Store and Google Play, with phased relaunch of the 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 the platform had been operating without proper registration under anti-money laundering regulations.
Bybit initially returned to the Indian market in February after registering as a reporting entity with FIU-IND. The full resumption required months of coordination with regulators and the implementation of stricter Know Your Customer (KYC) protocols 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.”
Bybit ranks among the largest cryptocurrency exchanges globally by trading volume, alongside Binance and OKX, according to CoinDesk Data’s latest Exchange Review.
