European cryptocurrency exchange Bybit introduces MICA-compliant Launchpool featuring XION currency.
Bybit, a leading cryptocurrency exchange, has taken a significant step towards expanding in the European market with the launch of a MiCA-compliant platform on July 1. The platform, launched in partnership with XION, a blockchain focused on mainstream crypto adoption, marks Bybit's entry into the European Economic Area (EEA) and complies with the EU's Markets in Crypto-Assets Regulation (MiCAR).
The partnership between Bybit and XION has resulted in the first MiCA-compliant staking/Launchpool on the exchange, allowing users across the EEA's 29 markets to stake tokens and earn rewards within a fully regulated framework.
Key Details of the Collaboration
The staking pool totals 100,000 XION tokens, worth approximately $110,000. The tokens are allocated as follows:
- 50,000 XION tokens are allocated for XION token stakers, with an estimated annual percentage rate (APR) of 60%.
- 30,000 XION tokens are for Mantle (MNT) stakers, with an estimated APR of 36%.
- 20,000 XION tokens are for USDC stakers, with an estimated APR of 24%.
In addition to XION, users can also stake MNT and USDC, creating diversified staking opportunities on a MiCA-compliant platform.
Strategic Implications
This is Bybit EU's inaugural Launchpool under its newly acquired MiCA license, marking a significant step towards regulated crypto services in Europe. It opens yield-earning options with compliant assets for 4.5 million verified EEA users.
XION, backed by Circle Ventures and integrated with European wallets like Ledger, is notable as the first Layer-1 blockchain to publish a MiCA Title II whitepaper, aligning tightly with European crypto regulatory standards.
Regulatory Compliance and Market Impact
The launch has ensured that staking and yield products meet EU regulations, providing enhanced security and legal clarity for European users. This is a key milestone in broader crypto adoption in regulated markets.
The launch has also helped drive positive momentum for related tokens, such as Mantle experiencing a 30% price surge shortly after due to staking integration on Bybit EU and the appeal of MiCA-regulated products.
User Reach and Adoption
Bybit EU's platform connects over 4.5 million users in the EEA to innovative blockchain projects like XION, facilitating widespread access to compliant decentralized finance (DeFi) experiences while maintaining regulatory oversight.
DeFi Growth under Regulation
This partnership signals an evolving landscape where DeFi staking products can exist within the regulatory guardrails of MiCA, potentially encouraging more projects to pursue compliance in the EU, enhancing investor confidence and institutional participation.
In summary, Bybit’s collaboration with XION on a MiCA-compliant Launchpool on its EU exchange introduces a fully regulated staking mechanism with attractive yields that serve both user demand for compliant yield products and broader EU crypto regulatory goals. This integration has positively influenced token performance and marks a critical step towards regulated DeFi in Europe.
Mazurka Zeng, CEO of Bybit EU, stated that securing the MiCAR license in Austria is a commitment to bring compliant, innovative crypto services to European users. The APR for XION tokens on Bybit is 60%, Mantle yields 36% APR, and USDC yields 24% APR. However, it's important to note that the APR is proportional to risk, as the underlying asset can fall in value while under lockup.
[1] Bybit Press Release, "Bybit Launches MiCA-Compliant Staking Pool with XION on EU Exchange," July 1, 2025. [2] XION Press Release, "XION and Bybit Announce MiCA-Compliant Launchpool Partnership," July 1, 2025. [3] CoinDesk, "Bybit's MiCA-Compliant Staking Pool Boosts Mantle Price," July 5, 2025. [4] Ledger Blog, "Bybit EU Launches MiCA-Compliant Staking with XION and Ledger Integration," July 1, 2025. [5] Cointelegraph, "Bybit's MiCAR-Compliant Platform Attracts 4.5 Million Users in EEA," July 5, 2025.
- Bybit, a leading cryptocurrency exchange, in partnership with XION, a blockchain focused on mainstream crypto adoption, has launched a MiCA-compliant platform, marking the first MiCA-compliant staking/Launchpool on the exchange.
- The staking pool totals 100,000 XION tokens, with an APR of 60% for XION token stakers, 36% for Mantle (MNT) stakers, and 24% for USDC stakers, creating diversified staking opportunities on a MiCA-compliant platform.
- This collaboration between Bybit and XION has introduced a fully regulated staking mechanism with attractive yields, potentially encouraging more projects to pursue MiCA compliance in the EU, enhancing investor confidence and institutional participation.
- The integration of this MiCA-compliant Launchpool on Bybit's EU exchange has positively influenced token performance, such as Mantle experiencing a 30% price surge shortly after due to staking integration.
