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ClearBank has partnered with Bybit EU to deliver core banking infrastructure across Europe.
Under the agreement, ClearBank Europe is providing safeguarding on customer accounts alongside fiat on-ramping and off-ramping services.
These services enable Bybit EU customers to manage their funds and move assets between fiat and digital currencies across the region.
ClearBank established the banking relationship during Bybit EU’s pre-registration phase.
Following the receipt of its Markets in Crypto-Assets (MiCA) license, the exchange used ClearBank Europe’s infrastructure to launch its platform for European customers.
Bybit EU is actively pursuing an Electronic Money Institution (EMI) licence to expand its product offering.
The exchange also intends to use ClearBank Europe’s services to support its upcoming entry into the UK market while exploring further international expansion.
Tristan Kirchner
“Our partnership with Bybit EU reflects both our deep knowledge of the digital asset sector and the strength of ClearBank Europe’s offering,”
said Tristan Kirchner, CEO, ClearBank Europe.
“We supported Bybit EU’s launch in the region with secure, scalable banking infrastructure designed to meet the needs of fast-growing firms operating in complex markets.”
Georg Harer
“ClearBank Europe has supported us from an early stage as we built our operations in Europe,”
said Georg Harer, Co-CEO, Bybit EU.
“The strength of its infrastructure and processes has helped us establish the banking services we needed to get up and running.”
Featured image credit: Edited by Fintech News Switzerland, based on image by 21studio via Magnific
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