Summary of this article
Bybit, a crypto exchange resumes operations in India, app fully accessible, website restored gradually.
Completed FIU-IND registration, ensuring compliance with India’s PMLA regulations.
Trading services including Spot, Derivatives, Options, and Copy Trading fully restored.
Bybit, a Dubai-based cryptocurrency exchange, has resumed operations for users in India. Its app is now fully accessible, and website services are being restored in phases.
The company stated that Indian users can now access the Bybit mobile app via the App Store and Google Play. Access to the Bybit website is being restored in phases and is expected to be fully available within the next 3 to 4 days.
Bybit Secures FIU-IND Registration
Bybit completed registration as a reporting company with the Financial Intelligence Unit-India (FIU-IND) in early 2025, assuring compliance with India's Prevention of Money Laundering Act (PMLA). Following this, the platform gradually reopened its services, including Spot, Derivatives, Options, and Copy Trading, along with strengthened Know Your Customer (KYC) procedures and improved security measures.
According to Bybit, trading for approved customers started on February 25, 2025, but full functioning of the website and app was not restored until after extensive collaboration with Indian authorities.
Bybit was one of the platforms affected when India banned cryptocurrency exchanges that lacked FIU registration in January 2025. The suspension prevented deposits, trading and access to services like copy trading and automated bots until the company finished its compliance process. FIU-IND fined Bybit Rs 9.27 crore for operating in India without the required registration under the PMLA.
Ben Zhou, Co-founder and CEO of Bybit, said: "India is among the most promising digital asset markets globally. We are excited to resume normal business and reaffirm our devotion to delivering Indian users with secure, transparent cryptocurrency experiences."
"This is a milestone moment for Bybit India. We are thrilled to provide Indian users with a smooth and compliant trading experience," said Vikas Gupta, Country Manager of Bybit India.
Other Exchanges Resume Operations
Other major crypto exchanges that were previously affected by FIU regulations have also returned to India after completing the required compliance. Coinbase received approval from FIU-IND under the Prevention of Money Laundering Act (PMLA), allowing it to operate legally. Binance resumed its operations in India on August 15, 2024, following its registration as a reporting entity with FIU-IND.
