Bybit CEO: MiCA License Alone Insufficient for Profitability in Europe
Securing a Markets in Crypto Assets (MiCA) license is a crucial step for operating in Europe, but it is not enough to guarantee profitability, as stated by Ben Zhou, CEO of Bybit, a leading cryptocurrency trading platform. The MiCA license has limitations, as it does not cover the full spectrum of products required for profitability, such as derivatives and tokenized assets, which necessitate a M…