Regulatory Hurdles Prompt Bybit’s Japan Withdrawal

Bybit has decided to discontinue its services for users based in Japan, with a phased commencement set for 2026. The cryptocurrency exchange attributed this strategic exit to the regulatory environment, stating it will implement rolling account restrictions to meet its obligations.

The firm noted that some accounts may need to undergo supplemental verification if they were mistakenly flagged as Japanese. Bybit currently operates without approval from Japan’s Financial Services Agency, the regulator that oversees all domestic crypto exchange activity.

A public statement from the exchange outlined the timeline for users. “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,” it said.

Globally, Bybit is a leading exchange by measure of daily trading volume, typically sitting just behind the largest US-based platforms. Recent metrics from CoinGecko indicate it facilitated roughly $4.3 billion in trades over a one-day span.