Key Points:

• Bybit has resumed its full suite of crypto trading services in India after paying a $1 million penalty and has completed registration with the Financial Intelligence Unit-India (FIU-IND) to comply with regulations.
• The exchange had paused most operations in January 2025 due to insufficient registration under anti-money laundering laws.
• Regaining access to the Indian market involved extensive coordination with regulators and the application of more rigorous Know Your Customer (KYC) and security measures.

Bybit communicated their return, stating that Indian users now have uninterrupted access to its mobile app through the App Store and Google Play, with plans for a gradual restoration of website services in the coming days.

This decision follows the exchange’s earlier service suspension that was prompted by the FIU-IND’s findings regarding its operational compliance.

“India is among the most promising digital asset markets globally,” remarked Bybit CEO Ben Zhou. “It’s not a comeback, it’s a new chapter for Bybit in India.”

Bybit stands as one of the major global cryptocurrency trading platforms alongside Binance and OKX based on trading volume, as reported by CoinDesk Data.