
Bybit

Bybit
Crypto trading exchange allowing to buy, sell, trade BTC, altcoins & NFTs.
The Company Statement
June 11, 2024
Crypto exchange Bybit initially didn't plan to sanction russian users despite MAS call. But later, following Binance, crypto exchanges OKX and Bybit closed operations with sanctioned Russian banks on p2p platforms. Users from Russia took first place in the number of visits to the Bybit cryptocurrency exchange in April 2024. The share of Russian traffic on the Bybit exchange reached 27% in May 2024 and 26% in April 2025.
| October 10, 2025 | Reasons for removing Russian banks from Bybit's P2P section |
| June 27, 2025 | Bybit says it is thoroughly checking Russian clients to ensure compliance with sanctions |
| May 12, 2025 | Russia accounted for 26% of Bybit traffic. Where Russians trade cryptocurrency |
| May 13, 2024 | In April 2024, Russia accounted for up to 25% of traffic on the largest crypto exchanges |
| January 10, 2024 | Almost 20% of the traffic of the largest crypto exchanges came from Russia in December 2023 |
| August 29, 2023 | KuCoin exchange closes operations with Russian banks on p2p platform |
| August 28, 2023 | Transactions with cards of sanctioned banks became unavailable on OKX and Bybit |
| November 06, 2022 | Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report |
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