Crypto alternate Bybit has revealed that it has acquired a license to function as an alternate and custody service in Cyprus. The world’s third most-visited crypto alternate will start providing buying and selling between crypto and fiat foreign money pairs, in addition to crypto-related monetary providers.
Cyprus is the third most populated island within the Mediterranean Sea, with a inhabitants of 1.2 million. In a press launch, Ben Zhou, co-founder and CEO of Bybit, defined the significance of increasing the group’s world presence, highlighting the function of crypto as a technique to exit from the legacy monetary system:
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