- Bybit has been eyeing an expansion to Hong Kong amidst the regulatory crackdown on crypto in the US.
- Hong Kong is hoping to become a crypto hub again and has been trying to lure more crypto entities.
- Some platforms have expressed concerns that the proposed regulations in Hong Kong may be too conservative.
Bybit's move to Hong Kong comes amidst the current regulatory climate, with the ongoing regulatory crackdown on crypto in the United States playing a significant role in their efforts to attract more crypto entities.