Earlier this week, Bybit announced their exit from France.
We’re proud to be expanding in France and across Europe, fully committed to operating in compliance with regulatory requirements. As one of the longest-standing crypto exchanges, we’ve built a strong foundation in Europe, where we are a leader in euro trading volumes and continue to prioritize our clients’ security and trust. For Bybit users looking for a smooth, secure transition, we are here to help.
Founded over 13 years ago with a clear belief that trust is essential for crypto to thrive, Kraken has always prioritized security, reliability and client service. We’ve consistently set industry standards, from pioneering the Proof of Reserves process in 2014 to conducting regular audits, ensuring client holdings are fully backed. Our long track record of transparency, leadership and security sets us apart as a trusted partner in the crypto space.
Over the past two years, we’ve accelerated our expansion in Europe ahead of the Markets in Crypto-Assets Regulation (MiCA). Kraken now offers Virtual Asset Service Provider (VASP) services directly or through partnerships in Germany,* Spain, Italy, the Netherlands, Belgium,** Ireland, France, and Poland.
Kraken is well-positioned to offer clients a safe harbor during times of uncertainty by leveraging our global scale and best-in-class product suite.
How to deposit cryptocurrencies to your Kraken or Kraken Pro account:
Sign in to your Kraken account and navigate to Portfolio
Click the deposit button
Search for the cryptocurrency you wish to deposit and click on it
Click the copy icon and paste the address (and details, if needed) into your sending wallet.
Once the transaction is sent, your deposit will be credited after the required confirmations are met.
Want more information on how to transfer assets to Kraken? See our support page or reach out to our support team in case of any issues through our 24/7 support chat.
* Powered by DLT Finance, a brand of DLT Securities GmbH and DLT Custody GmbH. Both companies are supervised by BaFin.
** Kraken offers services in Belgium from its registered Virtual Asset Service Provider in Ireland.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
Source: https://blog.kraken.com/news/industry-news/bybit-leaving-french-market
