Bybit Adopts Nasdaq Market Surveillance Platform to Strengthen MiCAR Compliance

Odaily Planet Daily reports that Bybit announced today its European subsidiary, Bybit EU, has adopted the Nasdaq Market Surveillance Platform to further enhance its ability to prevent and detect market manipulation, ensuring ongoing compliance with the Markets in Crypto-Assets Regulation (MiCAR) within the European Union. It is reported that Nasdaq's market surveillance platform is renowned for its modular and flexible architecture, which not only meets MiCAR's stringent monitoring and reporting standards for exchanges but also supports Bybit EU's continued expansion in Europe, enabling a swift response to regulatory obligations across different regions. Mazurka Zeng, Managing Director and CEO of Bybit EU, stated that this collaboration underscores Bybit's unwavering commitment to providing users with a secure, transparent, and compliant digital asset trading experience. "We are honored to partner with Nasdaq, leveraging its innovative technology and leading market surveillance expertise to jointly uphold the resilience and integrity of our trading platform," Zeng said.