Overview
- The suspension applies to both Japanese residents and nationals seeking to open accounts from October 31.
- Existing customers in Japan will see no immediate changes to services, according to Bybit’s statement.
- Bybit says the pause will let it focus resources on reviewing local requirements and assessing how to meet regulatory standards.
- The platform ranks second globally by trading volume, with about $4.6 billion in spot and $17.2 billion in derivatives over the past 24 hours, per CoinMarketCap.
- Japan remains a major retail trading market with many offshore brands operating by reverse solicitation, as Bybit also highlights its recent full crypto licence in the United Arab Emirates.