Bybit EU, the European arm of the world’s second-largest cryptocurrency exchange, has adopted Nasdaq’s Market Surveillance platform to bolster compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR), as per reports shared with Finbold on August 28.
Bridging the gap with traditional finance standards
The integration equips Bybit EU with institutional-grade monitoring tools to detect and prevent market abuse across its European operations.
Nasdaq’s platform combines advanced pattern-recognition analytics with comprehensive market data, aligning crypto oversight with standards long established in traditional finance.
“This agreement demonstrates our commitment to providing secure, transparent, and fully compliant digital asset trading as we continue to grow our business,” said Mazurka Zeng, Managing Director and CEO of Bybit EU. “We welcome the opportunity to partner with Nasdaq, whose innovative technology and unparalleled surveillance expertise, help safeguard the resilience and integrity of our marketplace.”
“MiCAR is driving a step change in investor protection across digital asset markets, but many compliance programs are still failing to match the level of investor protection offered by traditional markets,” added Ed Probst, Head of Regulatory Technology at Nasdaq. “We welcome the opportunity to partner with Bybit EU, who recognize the benefits of incorporating comprehensive market data into its surveillance framework to protect against critical threat scenarios. We look forward to building on this relationship and remain committed to advancing trust and resilience across the digital asset ecosystem.”
Nasdaq Market Surveillance is widely deployed across financial markets, serving more than 50 exchanges and 20 regulators globally.
For crypto, the platform adds tailored features designed to identify manipulation such as layering, spoofing, and cross-market violations. It also provides full-depth order book replay, audit capabilities, and 24/7 monitoring of billions of transactions daily.
The adoption marks another step in aligning digital asset exchanges with established regulatory standards, as European regulators push for higher levels of transparency and investor protection under MiCAR.
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