ByBit exchange suspends operations in France

ChainCatcher news, ByBit announced in a press release on August 1 that it will cease operations in France and restrict account functionalities for French users.

ByBit stated that starting from August 2, French users' accounts will be "restricted to closing only" configurations, preventing the opening of new positions or depositing new funds in their ByBit services and products.

Starting from August 13, all open positions will be automatically liquidated, and banking services for French customers will also be suspended, allowing customers to withdraw the remaining funds in their ByBit accounts.

ByBit concluded the announcement by stating that it looks forward to returning to the French market in the future once it obtains the appropriate regulatory licenses as required by French law.