Bybit EU Launches First MiCA-Compliant Launchpool with XION—Access for 450M EEA Users
Bybit EU, now MiCA-licensed, launched its first Launchpool with XION—offering high APR staking across 450 million EEA users and pioneering compliant crypto access.
Bybit’s first launchpool on its EU exchange is going live, in collaboration with XION.
Crypto exchanges are quickly adapting to greater regulatory clarity in Europe. On Thursday, August 14, Bybit EU launched its first Launchpool, a rewards program in cooperation with the XION project.
Specifically, the Launchpool will allow users to lock up certain tokens and stake them for a set period of time to earn rewards. The pool size is 100,000 XION, worth about $110,000. Users will be able to stake XION tokens, Mantle (MNT) and USDC stablecoin.
XION tokens will yield a 60% APR, Mantle will yield 36% APR, while USDC will yield 24% APR. Notably, the APR is proportional to risk, as the underlying asset can fall in value while under lockup.
Bybit adapts to changing EU regulations
On July 1, Bybit has lauched his EU-focused platform, which complies with EU’s MiCA regulations. According to the exchange, MiCA regulations provide much needed regulatory clarity for the firm to expand in this market.
