Bybit CEO Claims MiCA License Alone Insufficient for Profitability in Europe
Securing a Markets in Crypto Assets license is a crucial step for operating in Europe, but it is not enough to guarantee profitability, states 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 additional licen…