Cryptocurrency Exchange Bybit to Exit Japanese Market
Citing regulatory pressures, Bybit has declared it will wind down its services for Japanese residents beginning in 2026. The company plans a phased introduction of account limitations to align with local legal requirements. This decision impacts all users classified as residing in Japan.
Users potentially misidentified as residents have been instructed to provide further proof of identity to rectify their account status. The action stems from Bybit’s unregistered status with Japan’s financial regulator, which requires official licensing for any entity servicing the local crypto market.
The platform issued a formal notice to its user base regarding the impending changes. The announcement detailed, “If you’re a resident of Japan, please note that starting from 2026 your account will be subject to gradual restrictions. You’ll receive additional updates on the remediation process in subsequent communications.”
Bybit holds a prominent position in the global exchange landscape, often recording the second-highest daily trading volume. According to figures from CoinGecko, the exchange processed around $4.3 billion in trades in the last day.
