On Thursday, the Hong Kong Securities and Futures Commission announced that it would add the well-known cryptocurrency exchange ByBit to the list of suspicious cryptocurrency exchanges, and also add 11 products provided by the exchange to the list of suspicious investment products.

ByBit is not a pheasant exchange. This exchange is still well-known in the field of cryptocurrency. It is headquartered in Dubai, United Arab Emirates. This time it was included in the suspicious list by the Hong Kong Securities Regulatory Commission mainly because the exchange did not apply for a relevant license in Hong Kong.

The exchange also provides services to Hong Kong investors, including some derivatives services in the field of cryptocurrency. For this reason, the Hong Kong Securities and Futures Commission said that investors may face the risk of losing their entire investment and seek recourse from entities that have no connection with Hong Kong. It may be difficult to seek recourse.


The Hong Kong Securities and Futures Commission emphasized that no entity in the ByBit group has obtained a license in Hong Kong or applied for registration with the regulatory agency. Therefore, the services provided by ByBit in Hong Kong are unregulated. The Securities and Futures Commission will not hesitate to take enforcement actions against unlicensed activities under appropriate circumstances.

Those included in the list of suspicious product investments include:

  • ByBit Wealth Management

  • ByBit Yubibao

  • ByBit Shark Fin Financial Management

  • ByBitWeb3 Staking

  • ByBit delivery contract and reverse delivery contract

  • ByBit Leveraged Token

  • ByBit Options

  • ByBitETH2.0 Liquidity Staking

  • ByBit Dual Currency Assets

  • ByBit Dual Currency Asset 2.0

  • ByBit Liquidity Mining

    • In response to the above news, ByBit stated:

    As different regions list different products to meet local compliance requirements, these products will not be available in the Hong Kong market. ByBit maintains close dialogue with regulatory authorities around the world, including Hong Kong, and strives to comply with all applicable regulations.