Dubai-based crypto exchange Bybit has announced the full resumption of its trading services in India, following months of regulatory friction, the payment of a $1 million fine, and registration with the country’s financial watchdog.

According to a press release, Indian users can now access Bybit’s mobile app via the App Store and Google Play, with phased restoration of the website expected in the coming days.

The move comes after Bybit suspended most services in January 2025 — apart from withdrawals — after the Financial Intelligence Unit-India (FIU-IND) determined the platform had been operating without proper registration under anti-money laundering regulations.

Bybit initially returned to the Indian market in February after registering with FIU-IND as a reporting entity. Full restoration of services required months of collaboration with regulators, alongside the implementation of enhanced Know Your Customer (KYC) procedures and stronger security protocols.

“India is among the most promising digital asset markets globally,” said Bybit CEO Ben Zhou. “It’s not a comeback, it’s a new chapter for Bybit in India.”

Bybit ranks among the world’s largest cryptocurrency exchanges by trading volume, alongside Binance and OKX, according to CoinDesk Data’s latest Exchange Review.