Bybit EU Adopts Nasdaq Market Surveillance For MiCAR
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially adopted Nasdaq’s Market Surveillance platform to strengthen its defenses against market manipulation and to ensure compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR). The announcement reflects Bybit’s ongoing commitment to operating a secure and transparent marketplace across Europe.
Operating under the Bybit EU entity, the integration of Nasdaq’s surveillance system will help the exchange meet MiCAR’s stringent requirements for monitoring and reporting. The platform’s modular and scalable architecture allows Bybit EU to keep pace with evolving regulatory obligations while expanding its European operations.
A Commitment To Transparency
Mazurka Zeng, Managing Director and CEO of Bybit EU, highlighted: “This agreement underscores our dedication to delivering safe, transparent, and fully compliant digital asset services. Partnering with Nasdaq brings world-class surveillance expertise to safeguard the resilience and credibility of our market.”
Ed Probst, Head of Regulatory Technology at Nasdaq, added: “MiCAR marks a significant leap in investor protection. Bybit EU’s decision to adopt comprehensive market surveillance sets a strong example for the digital asset industry.”
Building Trust In Digital Markets
Nasdaq’s Market Surveillance platform is the most widely used system of its kind, already serving over 50 global exchanges and 20 regulators. It offers advanced algorithms and pattern recognition tools tailored for crypto markets, supported by 30 years of expertise. Nasdaq continues to invest in R&D to maintain industry best practices.
Key features of the system include:
- 24/7 monitoring of more than 60 billion crypto transactions daily.
- Real-time alerts to detect manipulation, layering, spoofing, and liquidity exploitation.
- Access to historical order book data with full-depth replay and reconstruction.
- Integrated frameworks for audits, case management, and reporting.
- SaaS deployment ensuring continuous upgrades and scalability.
These capabilities significantly reduce false positives while identifying cross-market abuses, ensuring compliance with both MiCAR and global regulatory standards.
Global Impact Of Nasdaq Technology
Nasdaq’s surveillance technology is trusted by 97% of systemically important banks, half of the world’s top 25 stock exchanges, and over 3,800 financial institutions worldwide. Its adoption by Bybit EU aligns crypto markets with the same level of oversight as traditional finance.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global leader in financial technology and market infrastructure, providing exchanges, regulators, and institutions with solutions that enhance transparency, liquidity, and security.
About Bybit EU
Bybit EU GmbH operates the platform Bybit.eu, serving clients across the European Economic Area (EEA) (excluding Malta). Licensed as a Crypto-Asset Service Provider (CASP) under MiCAR, Bybit EU offers custody, exchange, placement, and transfer services for crypto-assets, fully aligned with European regulations for investor protection and market integrity.
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.