Bybit Review – Unregulated crypto trading platform earned itself an FCA warning
The UK FCA recently issued an investor alert against Bybit (www.bybit.com). This is an unregulated crypto trading platform in existence since 2018 that claims to have more than 1.2M users and is operated by Bybit Fintech Limited, registered in the British Virgin Islands. Dun & Bradstreet presents Ben Zhou, a Singapore resident, as the key principal who describes himself on his LinkedIn profile as Co-Founder and CEO of Bybit. While it may not be the best crypto trading platform, it has no regulatory permission, which is a serious violation but doesn't seem to be a fraud. However, be very cautious!