Bybit Unveils Financial Disclosure Mechanism, RPI Orders, Escapes French Blacklist, and Launches Physical Card

Bybit has made a series of advancements including introducing a financial disclosure mechanism for projects listed on its spot trading platform

Cryptocurrency exchange Bybit has introduced a financial disclosure mechanism for projects listed on its spot trading platform, making it one of the first major exchanges to mandate transparency in token listings.

Under the new mechanism, projects must disclose key financial performance metrics, treasury management details, tokenomics, and operational data.

The move comes as regulators around the world are increasing their scrutiny of crypto exchanges, with concerns over the lack of transparency in token listings.

Bybit’s financial disclosure initiative aims to address these concerns by providing traders and investors with real-time financial insights to help them make informed decisions.

With Bybit setting such a precedent, other exchanges might be encouraged to adopt similar measures to enhance the overall health and sustainability of the crypto market.

In other news, Bybit is also enhancing its trading ecosystem with the launch of Retail Price Improvement (RPI) orders. This new order type is designed to increase liquidity and improve pricing for retail traders.

The RPI order, set to launch on February 20, 2025, will function as a post-only order, ensuring that it adds liquidity while being executed with lower priority than standard orders at the same price level.

Over in France, Bybit has achieved a regulatory milestone by being removed from the Autorité des Marchés Financiers (AMF) blacklist.

Bybit faced regulatory scrutiny for more than two years, with French authorities warning investors about its operations.

In December, Bybit announced its decision to terminate withdrawal and custody services for users in France, effective January 8, 2025.

Bybit CEO Ben Zhou has now taken to Twitter to reveal that these woes are now behind them.

“After more than two years of working with the French regulator through multiple remediation efforts, BYBIT is now officially removed from France AMF blacklist,” Zhou wrote in a Tweet on February 19.

After more than 2 years of working with the French regulator through multiple remediation efforts, BYBIT is now officially removed from France AMF blacklist.

MiCA license next. pic.twitter.com/irPf5bOSBp

Bybit now aims to secure a Markets in Crypto-Assets (MiCA) license, which would allow it to operate legally across the 30 European Economic Area nations.

Meanwhile, Bybit has also expanded into crypto-friendly spending with the launch of the Bybit Physical Card.

Issued by Bybit Limited in partnership with S1LKPAY and regulated by the Astana Financial Services Authority (AFSA), the card allows users to spend cryptocurrency globally wherever Mastercard is accepted.

The card simplifies international transactions and offers several key benefits, including free card issuance and delivery for VIP users and a five-day delivery period.

There are no annual or monthly fees, making it a cost-effective option for crypto holders.

Cardholders also earn 2% cashback in USDT or AVAX on eligible purchases, with additional incentives such as a 10% cashback promotion capped at $300 for new users.

The Bybit Physical Card integrates with Samsung Pay and Google Pay for added convenience.

Crypto cards are becoming increasingly popular products in the industry. Just last week, RedotPay announced that it formed a strategic collaboration with Visa and StraitsX to launch a crypto credit card in Singapore.

By leveraging RedotPay’s advanced technology and Visa’s extensive global payment network, the partnership aims to bridge the gap between digital assets and traditional financial systems.