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Bybit Reenters UK With Limited Spot and P2P Trading Through Archax

The unlicensed exchange uses an FCA-approved promotions route to reach UK customers under tighter rules.

Overview

  • Access restarted on Thursday with roughly 100 spot pairs and a peer-to-peer marketplace for UK users.
  • Derivatives and leveraged trading remain unavailable in this rollout.
  • Marketing and access run under Archax’s approval as an FCA-authorised promotions approver.
  • Bybit is not FCA authorised, services carry prominent risk disclosures, and UK schemes like the Financial Ombudsman and FSCS do not apply.
  • Questions persist over the contracting entity and liability in the event of breaches or insolvency as policymakers work toward a 2027 rulebook.