Bybit Splits Crypto and Payments Into Two Austrian Entities. Bybit.eu Will Run Both Under One Login

Bybit Payments GmbH has been granted an electronic money institution licence in Austria, giving Bybit a second regulated entity alongside its MiCA-authorised crypto business.

The two companies will keep separate capital and safeguarding obligations while customers access both through a single Bybit.eu account.

Regulation, Not Branding, Drives the Split

Bybit EU GmbH has held MiCA authorisation since May 2025, covering crypto custody, exchange, and client transfers. Bybit Payments GmbH now holds the EMI licence, covering e-money and payment services.

The two licences sit under different EU regimes. MiCA sets rules for crypto-asset custody and trading. EMI status brings separate requirements around capital, risk management, and client-fund safeguarding under PSD2.

Bybit cannot fold payments into its crypto entity without meeting both sets of requirements twice over, which is why the business is split at the legal-entity level rather than merged into one licence.

Other Exchanges Split Licences the Same Way

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