Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is adopting Nasdaq’s Market Surveillance platform to bolster its ability to detect and prevent market abuse in European markets. The move, operating under Bybit EU, is designed to ensure compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR), which requires digital asset exchanges to implement strict monitoring and reporting systems.
Nasdaq’s surveillance technology, used by more than 50 exchanges and 20 regulators worldwide, provides advanced tools and tailored features for crypto markets. Its flexible, modular design will support Bybit EU’s growth while meeting local regulatory requirements. Built on three decades of development, the platform integrates sophisticated algorithms and benefits from Nasdaq’s ongoing investment in research and infrastructure, reinforcing global market integrity and aligning with evolving international standards.
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