Bybit has announced it’s resuming full crypto trading services in India after months of regulatory friction, after paying a $1 million fine and registering with the country’s financial watchdog to regain compliance. The Dubai-based crypto exchange said in a press release that Indian users now have full access to its mobile app via the App Store and Google Play, with phased restoration of its website expected over the coming days. This follows the platform’s suspension of most services in January 2025, excluding withdrawals, after the Financial Intelligence Unit-India (FIU-IND) determined it had been operating without proper registration under anti-money laundering rules. To return to the market, Bybit registered with FIU-IND as a reporting entity before initially re-establishing operations in the country in February. Full restoration, the firm detailed, required months of coordination with regulators and implementation of stricter Know Your Customer (KYC) and security protocols. “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 is, along with Binance and OKX, one of the largest cryptocurrency trading platforms in the world when measured by trading volume, according to CoinDesk Data’s latest Exchange Review report.
